Full House Resorts, (NYSE: FLL) to Report Q2 2023 Earnings on Thursday, August 12th

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Full House Resorts ($NASDAQ:FLL), Inc. is a gaming and hospitality company that owns, develops, and operates casinos and related hospitality properties. Analysts are expecting the company to report earnings per share of $0.04 for the quarter. The company’s properties include the Silver Slipper Casino and Hotel in Mississippi, the Rising Star Casino Resort in Indiana, and the Grand Lodge Casino at Hyatt Regency Lake Tahoe Resort, Spa and Casino in Nevada. Full House Resorts also owns a minority interest in the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada. In May 2023, the company announced that it had entered into a definitive agreement to acquired the Tropicana Evansville casino property in Indiana from Gaming and Leisure Properties, Inc. and Caesars Entertainment, Inc. The acquisition is expected to close in the fourth quarter of 2023.

Full House Resorts has been reporting strong financial results in recent quarters. The company’s strong financial performance is due in part to the implementation of its growth strategy, which includes expanding its portfolio of properties and diversifying its revenue sources. Full House Resorts is well-positioned to continue delivering strong results in the quarters ahead.

Earnings

In its most recent earning report for FY2022 Q3 as of September 30, Full House Resorts earned a total revenue of 170.5M USD and lost 2.8M USD in net income. Compared to the previous year, this represents a 5.4% decrease in total revenue and a 123.9% decrease in net income. Looking back over the last three years, Full House Resorts’ total revenue has grown from 125.6M USD to 170.5M USD.

However, the company has seen a decline in net income over that same period. While Thursday’s earnings report will give more insight into the current state of the company, it remains to be seen if Full House Resorts can turn things around and begin growing its net income once again.

Stock Price

The stock opened at $6.8 and closed at $7.0, rise by 9.1% from last closing price of $6.4. FULL HOUSE RESORTS has been struggling lately, with its stock down 30% over the past year. However, the company has shown signs of improvement, and its stock has risen 9.1% so far this year. investors will be watching to see if FULL HOUSE RESORTS can continue its momentum and report strong earnings again this quarter.

VI Analysis

As a potential investor, it is important to analyze a company’s fundamentals in order to get an understanding of its long term potential. The VI app makes this process simple by providing a comprehensive analysis of a company’s financials. According to the VI Star Chart, FULL HOUSE RESORTS has an intermediate health score of 5/10 with regard to its cashflows and debt. This indicates that the company is likely to be able to sustain future operations in times of crisis. FULL HOUSE RESORTS is strong in terms of its liquidity, asset management and profitability.

However, it is weak in terms of growth and dividend payments. FULL HOUSE RESORTS is classified as an “elephant”, a type of company that is rich in assets after deducting off liabilities. This makes it an attractive investment for value investors who are looking for companies that are undervalued by the market.

VI Peers

Full House Resorts Inc is in competition with Century Casinos Inc, Bloomberry Resorts Corp, Ballys Corp. These companies are all vying for a share of the gambling market. Full House Resorts Inc is a publicly traded company that owns, develops, and manages gaming properties across the United States. The company’s portfolio includes seven casinos, two horse racing tracks, and a hotel. Full House Resorts Inc is committed to providing an exceptional gaming experience for its guests. The company’s goal is to become the premier gambling destination in the United States.

– Century Casinos Inc ($NASDAQ:CNTY)

Century Casinos, Inc. operates as a gaming company in the United States, Canada, Poland, and South Africa. It operates through three segments: Casinos, Horse Racing, and Corporate. The Casinos segment owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado; Century Casino & Hotel in Edmonton, Alberta, Canada; Century Casino Bath in the United Kingdom; Century Pueblo Magico Hotel and Casino in Monterrey, Mexico; and Mountaineer Casino, Racetrack & Resort in Chester, West Virginia. The Horse Racing segment owns and operates live horse racing and pari-mutuel wagering properties in Alberta and West Virginia. The Corporate segment provides management services to casinos in North America and Europe. As of December 31, 2020, the company owned and operated 10 casinos comprising approximately 2,200 gaming machines, 80 table games, and 1,100 hotel rooms. It also owned and operated live horse racing and pari-mutuel wagering operations at 3 racetracks in 2 states; and owned and operated off-track betting network in Alberta.

– Bloomberry Resorts Corp ($PSE:BLOOM)

As of 2022, Burberry Resorts Corp has a market cap of 72.15B and a Return on Equity of 11.83%. The company operates in the leisure and hospitality industry, with a focus on luxury resorts. Burberry has a strong presence in Europe, the Middle East, and Asia Pacific, and is known for its high-end hotels and resorts. The company has been expanding its footprint in recent years, and its market cap reflects this growth. Burberry is a well-established company with a strong brand, and its market cap and ROE reflect this.

– Ballys Corp ($NYSE:BALY)

Bally’s Corporation, formerly known as Twin River Worldwide Holdings, Inc., is a gaming and entertainment company that owns and operates casinos, horse racing venues, and entertainment venues in the United States. The company has a market cap of $962.8 million and a return on equity of 3.13%. The company’s casinos include Bally’s Las Vegas, Harrah’s Cherokee Casino Resort, and Tropicana Atlantic City. The company also owns and operates horse racing venues in Kentucky and Rhode Island. In addition to its gaming and entertainment operations, Bally’s also owns and operates a number of food and beverage outlets, retail stores, and hotels.

Summary

If you’re looking for a gaming stock that could be a solid long-term investment, Full House Resorts could be worth considering. The company owns and operates six casinos in five states, including two in Nevada , and it also has a majority stake in the Graton Resort & Casino in California. Looking ahead, Full House Resorts should benefit from the gradual reopening of the U.S. economy. And with a strong balance sheet and a portfolio of well-positioned properties, the company is well positioned to capitalize on any potential consolidation in the gaming industry.