Full House Resorts, Inc. Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:


(In thousands)	December 31,
	2023		2022
Land and improvements	$	37,601	$	26,477
Buildings and improvements		256,722		120,732
Furniture and equipment		88,522		51,336
Construction in progress		188,841		227,006
		571,686		425,551
Less: Accumulated depreciation		(113,779)		(86,494)
	$	457,907	$	339,057

Property and equipment included assets under finance leases related to our hotel at Rising Star Casino Resort (see Note 7) are as follows:


(In thousands)	December 31,
	2023		2022
Leased land and improvements	$	215	$	215
Leased buildings and improvements		5,787		5,787
Leased furniture and equipment⁽¹⁾		1,133		1,724
		7,135		7,726
Less: Accumulated amortization⁽¹⁾		(2,726)		(3,160)
	$	4,409	$	4,566

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(1)	Amounts shown for December 31, 2023 are after the effects of $0.6 million in disposals made in the third quarter.