{"id":8770,"date":"2025-03-07T06:15:36","date_gmt":"2025-03-07T06:15:36","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/03\/07\/full-house-resorts-reports-40-7m-loss-in-2024-despite-strong-revenue-growth\/"},"modified":"2025-03-07T06:15:36","modified_gmt":"2025-03-07T06:15:36","slug":"full-house-resorts-reports-40-7m-loss-in-2024-despite-strong-revenue-growth","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/03\/07\/full-house-resorts-reports-40-7m-loss-in-2024-despite-strong-revenue-growth\/","title":{"rendered":"Full House Resorts Reports $40.7M Loss in 2024 Despite Strong Revenue Growth"},"content":{"rendered":"<div>\n<p>Full House Resorts had a mixed financial year at the end of 2024. Despite a 21.2% year-over-year growth in revenue to $292.1 million, the company\u2019s net loss increased by 63.3% to $40.7 million. Adjusted EBITDA increased by 0.2% to $48.6 million in spite of this.<\/p>\n<p>The company\u2019s best-performing segment was Midwest &#038; South, which brought in $219.6 million, a 14.2% increase over 2023. American Place made a substantial contribution to this, reporting $109.7 million, a 42.4% increase from the previous year. The segment\u2019s adjusted EBITDA climbed 17.2% to $45.7 million, of which $29.4 million came from American Place.<\/p>\n<p data-start=\"902\" data-end=\"1263\">However, Contracted Sports Wagering struggled, experiencing a 31.4% decline in revenue, falling to $8.8 million. Adjusted EBITDA for this segment also dropped 18.5%, totaling $9.5 million. Meanwhile, the West segment saw revenue jump 77.4% to $63.6 million but reported a negative adjusted EBITDA of $1.3 million, a downturn from $2.4 million in 2023.<\/p>\n<h2 data-start=\"1265\" data-end=\"1309\">Q4 Performance and Rising Expenses<\/h2>\n<p>Full House also revealed its fourth-quarter earnings, showing a 21.5% increase in revenue to $73 million. The Q4 2024 net loss was $12.3 million, which was marginally better than the Q4 2023 loss of $12.5 million.<\/p>\n<p>In the fourth quarter, adjusted EBITDA increased 42% year over year to $10.4 million. Contracted Sports Wagering generated about $3 million, and the Midwest &#038; South sector contributed $10.5 million. Overall improvements were somewhat offset by the $3.2 million loss reported by the West sector.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>American Place was largely responsible for the 12.1% increase in Midwest &#038; South\u2019s segment revenue, which came to $55 million in Q4. While Contracted Sports Wagering made $1.9 million, a 20.8% decrease from 2023, the West sector made $16.1 million, an astounding 87.2% rise.<\/p>\n<p data-start=\"2134\" data-end=\"2361\">For the full year, casino revenue totaled $216.9 million, while food &#038; beverage contributed $41.9 million. The fourth quarter alone saw casino revenue hit $54.4 million and food &#038; beverage revenue reach $10.6 million.<\/p>\n<p data-start=\"2363\" data-end=\"2641\" data-is-last-node=\"\" data-is-only-node=\"\">Despite these revenue gains, operating expenses soared by over $45 million to $289.3 million. Interest expenses also climbed to $43.2 million, contributing to the overall net loss. However, the company still managed an operating income of $2.75 million for the year.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/full-house-resorts-reports-40-7m-loss-in-2024-despite-strong-revenue-growth\/\">Full House Resorts Reports $40.7M Loss in 2024 Despite Strong Revenue Growth<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Full House Resorts had a mixed financial year at the end of 2024. Despite a 21.2% year-over-year growth in revenue to $292.1 million, the company\u2019s net loss increased by 63.3% to $40.7 million. Adjusted EBITDA increased by 0.2% to $48.6 million in spite of this. The company\u2019s best-performing segment was Midwest &#038; South, which brought [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8770","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8770"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8770\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}