Full House Resorts, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2025

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:


(In thousands)		December 31,
		2025			2024
Land and improvements		$	49,018		$	35,644
Buildings and improvements			445,073			444,513
Furniture and equipment			93,678			92,860
Construction in progress			7,587			15,922
			595,356			588,939
Less: Accumulated depreciation			(182,900)			(142,265)
		$	412,456		$	446,674

Property and equipment included assets under finance leases related to our hotel at Rising Star (see Note 8) are as follows:


(In thousands)	December 31,
	2025		2024
Leased land and improvements	$	215	$	215
Leased buildings and improvements		5,787		5,787
Leased furniture and equipment		1,133		1,133
		7,135		7,135
Less: Accumulated amortization		(3,047)		(2,890)
	$	4,088	$	4,245