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, 2024

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:


(In thousands)	December 31,
	2024		2023
Land and improvements	$	35,644	$	37,601
Buildings and improvements		444,513		256,722
Furniture and equipment		92,860		88,522
Construction in progress		15,922		188,841
		588,939		571,686
Less: Accumulated depreciation		(142,265)		(113,779)
	$	446,674	$	457,907

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,
	2024		2023
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		(2,890)		(2,726)
	$	4,245	$	4,409