Full House Resorts, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2026


(In thousands)	Three Months Ended June 30, 2026
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	49,272	$	11,018	$	—	$	60,290
Food and beverage		8,416		1,640		—		10,056
Hotel		1,788		2,366		—		4,154
Other operations, including contracted sports wagering		1,543		515		1,506		3,564
Total consolidated revenues		61,019		15,539		1,506		78,064

Less:
Payroll and related costs		16,311		5,703		—		22,014
Cost of sales		4,587		853		—		5,440
Gaming taxes and other⁽¹⁾		11,335		1,797		13		13,145
Other segment items⁽²⁾		15,431		7,279		41		22,751
Total segment expenses		47,664		15,632		54		63,350

Adjusted Segment EBITDA		13,355		(93)		1,452		14,714
Other operating costs and expenses:
Depreciation and amortization								(10,431)
Corporate expenses								(1,407)
Project development costs								(4)
Stock-based compensation								(602)
Operating income								2,270
Other expense:
Interest expense, net								(10,843)
Loss before income taxes								(8,573)
Income tax provision								121
Net loss							$	(8,694)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Certain overhead expenses.


(In thousands)	Three Months Ended June 30, 2025
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	46,155	$	10,828	$	—	$	56,983
Food and beverage		8,143		1,437		—		9,580
Hotel		1,847		1,873		—		3,720
Other operations, including contracted sports wagering		1,657		347		1,659		3,663
Total consolidated revenues		57,802		14,485		1,659		73,946

Less:
Payroll and related costs		15,434		6,122		—		21,556
Cost of sales		4,135		674		—		4,809
Gaming taxes and other⁽¹⁾		10,535		1,502		13		12,050
Other segment items⁽²⁾		14,941		7,325		35		22,301
Total segment expenses		45,045		15,623		48		60,716

Adjusted Segment EBITDA		12,757		(1,138)		1,611		13,230
Other operating costs and expenses:
Depreciation and amortization								(10,588)
Corporate expenses								(2,096)
Project development costs								(33)
Gain on sale of Stockman’s								7
Stock-based compensation								(594)
Operating loss								(74)
Other expenses:
Interest expense, net								(10,354)
Other								(50)
								(10,404)
Loss before income taxes								(10,478)
Income tax benefit								(95)
Net loss							$	(10,383)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.


(In thousands)	Six Months Ended June 30, 2026
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	95,575	$	20,422	$	—	$	115,997
Food and beverage		16,480		3,177		—		19,657
Hotel		3,399		4,541		—		7,940
Other operations, including contracted sports wagering		4,916		978		2,997		8,891
Total consolidated revenues		120,370		29,118		2,997		152,485

Less:
Payroll and related costs		30,734		11,063		—		41,797
Cost of sales		8,864		1,622		—		10,486
Gaming taxes and other⁽¹⁾		21,796		3,932		28		25,756
Other segment items⁽²⁾		30,796		14,361		81		45,238
Total segment expenses		92,190		30,978		109		123,277

Adjusted Segment EBITDA		28,180		(1,860)		2,888		29,208
Other operating costs and expenses:
Depreciation and amortization								(20,991)
Corporate expenses								(2,731)
Project development costs								(59)
Stock-based compensation, net								(807)
Operating income								4,620
Other expense:
Interest expense, net								(21,223)
Loss before income taxes								(16,603)
Income tax provision								241
Net loss							$	(16,844)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Certain overhead expenses.


(In thousands)	Six Months Ended June 30, 2025
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	90,199	$	22,084	$	—	$	112,283
Food and beverage		16,314		3,327		—		19,641
Hotel		3,548		4,014		—		7,562
Other operations, including contracted sports wagering		4,915		664		3,939		9,518
Total consolidated revenues		114,976		30,089		3,939		149,004

Less:
Payroll and related costs		30,714		13,119		—		43,833
Cost of sales		8,108		1,630		—		9,738
Gaming taxes and other⁽¹⁾		20,517		3,267		25		23,809
Other segment items⁽²⁾		29,772		15,679		123		45,574
Total segment expenses		89,111		33,695		148		122,954

Adjusted Segment EBITDA		25,865		(3,606)		3,791		26,050
Other operating costs and expenses:
Depreciation and amortization								(21,195)
Corporate expenses								(3,429)
Project development costs								(174)
Loss on disposal of assets								(6)
Loss on sale of Stockman’s, net								(205)
Stock-based compensation, net								(377)
Operating income								664
Other expenses:
Interest expense, net								(20,651)
Other								(50)
								(20,701)
Loss before income taxes								(20,037)
Income tax provision								111
Net loss							$	(20,148)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.

Schedule of segment information

The following tables present the Company’s segment information:


(In thousands)	Three Months Ended June 30, 2026
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	49,272	$	11,018	$	—	$	60,290
Food and beverage		8,416		1,640		—		10,056
Hotel		1,788		2,366		—		4,154
Other operations, including contracted sports wagering		1,543		515		1,506		3,564
Total consolidated revenues		61,019		15,539		1,506		78,064

Less:
Payroll and related costs		16,311		5,703		—		22,014
Cost of sales		4,587		853		—		5,440
Gaming taxes and other⁽¹⁾		11,335		1,797		13		13,145
Other segment items⁽²⁾		15,431		7,279		41		22,751
Total segment expenses		47,664		15,632		54		63,350

Adjusted Segment EBITDA		13,355		(93)		1,452		14,714
Other operating costs and expenses:
Depreciation and amortization								(10,431)
Corporate expenses								(1,407)
Project development costs								(4)
Stock-based compensation								(602)
Operating income								2,270
Other expense:
Interest expense, net								(10,843)
Loss before income taxes								(8,573)
Income tax provision								121
Net loss							$	(8,694)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Certain overhead expenses.


(In thousands)	Three Months Ended June 30, 2025
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	46,155	$	10,828	$	—	$	56,983
Food and beverage		8,143		1,437		—		9,580
Hotel		1,847		1,873		—		3,720
Other operations, including contracted sports wagering		1,657		347		1,659		3,663
Total consolidated revenues		57,802		14,485		1,659		73,946

Less:
Payroll and related costs		15,434		6,122		—		21,556
Cost of sales		4,135		674		—		4,809
Gaming taxes and other⁽¹⁾		10,535		1,502		13		12,050
Other segment items⁽²⁾		14,941		7,325		35		22,301
Total segment expenses		45,045		15,623		48		60,716

Adjusted Segment EBITDA		12,757		(1,138)		1,611		13,230
Other operating costs and expenses:
Depreciation and amortization								(10,588)
Corporate expenses								(2,096)
Project development costs								(33)
Gain on sale of Stockman’s								7
Stock-based compensation								(594)
Operating loss								(74)
Other expenses:
Interest expense, net								(10,354)
Other								(50)
								(10,404)
Loss before income taxes								(10,478)
Income tax benefit								(95)
Net loss							$	(10,383)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.


(In thousands)	Six Months Ended June 30, 2026
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	95,575	$	20,422	$	—	$	115,997
Food and beverage		16,480		3,177		—		19,657
Hotel		3,399		4,541		—		7,940
Other operations, including contracted sports wagering		4,916		978		2,997		8,891
Total consolidated revenues		120,370		29,118		2,997		152,485

Less:
Payroll and related costs		30,734		11,063		—		41,797
Cost of sales		8,864		1,622		—		10,486
Gaming taxes and other⁽¹⁾		21,796		3,932		28		25,756
Other segment items⁽²⁾		30,796		14,361		81		45,238
Total segment expenses		92,190		30,978		109		123,277

Adjusted Segment EBITDA		28,180		(1,860)		2,888		29,208
Other operating costs and expenses:
Depreciation and amortization								(20,991)
Corporate expenses								(2,731)
Project development costs								(59)
Stock-based compensation, net								(807)
Operating income								4,620
Other expense:
Interest expense, net								(21,223)
Loss before income taxes								(16,603)
Income tax provision								241
Net loss							$	(16,844)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Certain overhead expenses.


(In thousands)	Six Months Ended June 30, 2025
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	90,199	$	22,084	$	—	$	112,283
Food and beverage		16,314		3,327		—		19,641
Hotel		3,548		4,014		—		7,562
Other operations, including contracted sports wagering		4,915		664		3,939		9,518
Total consolidated revenues		114,976		30,089		3,939		149,004

Less:
Payroll and related costs		30,714		13,119		—		43,833
Cost of sales		8,108		1,630		—		9,738
Gaming taxes and other⁽¹⁾		20,517		3,267		25		23,809
Other segment items⁽²⁾		29,772		15,679		123		45,574
Total segment expenses		89,111		33,695		148		122,954

Adjusted Segment EBITDA		25,865		(3,606)		3,791		26,050
Other operating costs and expenses:
Depreciation and amortization								(21,195)
Corporate expenses								(3,429)
Project development costs								(174)
Loss on disposal of assets								(6)
Loss on sale of Stockman’s, net								(205)
Stock-based compensation, net								(377)
Operating income								664
Other expenses:
Interest expense, net								(20,651)
Other								(50)
								(20,701)
Loss before income taxes								(20,037)
Income tax provision								111
Net loss							$	(20,148)

__________

(1)	Excludes real estate and property taxes.

(2)	For each reportable segment, the “Other segment items” category includes:

●

Midwest & South and West ─ Advertising and marketing, rent expense, insurance, and other miscellaneous costs.

●

Contracted Sports Wagering ─ Credit loss expense net of recoveries, as well as certain overhead expenses.


(In thousands)		June 30,			December 31,
		2026			2025
Total Assets
Midwest & South		$	276,659		$	285,831
West			332,011			339,720
Contracted Sports Wagering			59			168
Corporate and Other			21,375			24,090
		$	630,104		$	649,809