Operator sets sights on permanent American Place facility
US operator Full House Resorts saw revenues in the first quarter of 2026 fall to $74.4m, due to the sale of Stockman’s Casino in April 2025, but reflecting growth at American Place Casino and Rising Star Casino Resort.
In the prior-year period, revenues were $75.1m. Adjusted EBITDA rose to $13.2m in the first quarter of 2026, a 14.7 per cent increase from $11.5m in the prior-year period, reflecting growth at most of Full House’s casino properties, including large percentage increases at American Place, Chamonix/Bronco Billy’s and Rising Star, as well as growth at Silver Slipper Casino Hotel.
The West segment, which was affected by the sale of Stockman’s Casino, saw revenues fall from $15.6m to $13.6m with Grand Lodge Casino, Chamonix Casino Hotel, and Bronco Billy’s Casino improving Adjusted Property EBITDA by 42 per cent. The Midwest and South segment, which includes Silver Slipper Casino and Hotel, Rising Star Casino Resort, and American Place Casino, improved its revenues by 3.8 per cent to $59.4m.
“We had a great first quarter, led by continuing strength at American Place,” said Daniel R. Lee, Chief Executive Officer of Full House Resorts. “Our growth at American Place, located in Chicago’s northern suburbs, reflects its increasing awareness and popularity, as well as the continued expansion of our player database. Looking ahead, we remain excited about the construction and opening of our permanent American Place facility, to be located adjacent to the existing temporary casino. The permanent casino is designed to have more than twice the overall square footage, 39 per cent more slot machines, 86 per cent more table games, additional amenities, and significantly more lavish street appeal and décor than the temporary casino, which is in a sprung structure.
“The City of Waukegan recently approved our earthmoving plans. We are also preparing to enter into a pre-construction agreement with Power Construction and recently entered into a construction advisory agreement with W. A. Richardson Builders (Richardson). Power Construction is a large Chicago-based contractor and is currently building the Hollywood Casino and Hotel in Aurora, Illinois. Richardson is a large construction company based in Las Vegas and oversaw construction of both the Fontainebleau and Durango resort casinos. The principals in Richardson, before starting their construction company, had major roles at Mandalay Resort Group, where they were involved in the development and construction of several Las Vegas and regional casinos, including the Grand Victoria casino in Elgin, Illinois. The architect for the project is WATG, whose team has worked on numerous casinos, including The Venetian in Las Vegas and the Hard Rock in Rockford, Illinois.
“We have made significant progress in arranging the financing for the permanent American Place casino. We anticipate refinancing our existing bonds, which mature in February 2028, as part of that financing. We will announce the details of this planned financing when such arrangements become contractual, which we anticipate within the next few weeks.
“Construction of the permanent casino should require approximately 18 months to two years. Because this timeline would put its opening beyond the date permitted for operations of the temporary casino, there is a bill in the current Illinois legislative session that would extend such period. If the legislation is approved, it would ensure the continuation of significant tax and other benefits and a smooth transition from the temporary to the permanent facility. Bills such as this are often resolved late in the legislative session, which is scheduled to end on May 31.
“Chamonix/Bronco Billy’s significantly improved its profitability in the first quarter from the prior-year period. These improvements reflect a combination of ongoing operational enhancements and a continued focus on driving profitable growth. We hired an assistant general manager and a finance director during the quarter, both of whom have extensive experience with casinos and hotels of this quality and size. We also further enhanced the guest experience by installing new carpet and ceilings in much of the Bronco Billy’s casino and introduced Don Juan’s Cocina, our rebranded Mexican restaurant with an entirely new menu of fresh and innovative cuisine. We strongly believe that Colorado Springs remains a significantly underpenetrated gaming market. As awareness continues to grow, so should overall profitability at Chamonix. Note that this is a seasonal market; we expect significant positive contributions from our Colorado operations in the important summer season.”
The post Full House Resorts’ revenues fall due to sale of Stockman’s Casino appeared first on G3 Newswire.
Operator sets sights on permanent American Place facility US operator Full House Resorts saw revenues in the first quarter of 2026 fall to $74.4m, due to the sale of Stockman’s Casino in April 2025, but reflecting growth at American Place Casino and Rising Star Casino Resort. In the prior-year period, revenues were $75.1m. Adjusted EBITDA rose…
The post Full House Resorts’ revenues fall due to sale of Stockman’s Casino appeared first on G3 Newswire.