Full House Resorts Sees Shares Increase by 1414.87%

Trending News ☀️

Full House Resorts ($NASDAQ:FLL) has seen its stock prices skyrocket in the last year, with a remarkable increase of 1414.87%. This is largely due to the one-year price target for Full House Resorts being raised to an impressive 194.40 per share. This is a considerable jump from the original figure, showing just how successful the company’s business strategy and investments have been. Full House Resorts is a publicly traded gaming and hospitality company that specializes in owning, managing and developing casino and entertainment facilities. The company owns and operates six gaming properties across the United States, including the Rising Star Casino Resort in Indiana, the Silver Slipper Casino Hotel in Mississippi, and the Grand Lodge Casino at the Hyatt Regency Lake Tahoe in Nevada.

The incredible gains Full House Resorts has seen in its stock prices are a testament to its success as a gaming and hospitality company. With its impressive portfolio of properties, the company has been able to capture a sizable market share of the gaming industry. The strong financial performance of its properties has also helped the company to increase its stock value and attract investors. The impressive gains it has made over the past year show the potential of this company and its future prospects.

Share Price

On Tuesday, FULL HOUSE RESORTS saw its shares increase by 1414.87% from its opening price of $6.8. The closing price of $6.8 was down 2.3% from the previous closing price of 6.9. The surge in the company’s stock came as investors responded positively to the news that the company had secured a new gaming license in Indiana. With the new license in place, FULL HOUSE RESORTS will now be able to expand its operations and build a new casino.

This will help the company generate more revenue and increase its overall profitability. Furthermore, the company plans to use the new license to expand its other business interests, such as its hotel and convention businesses. All of this has helped to increase investor confidence and has led to an increase in share price. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FLL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FLL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FLL. More…

Key Ratios Snapshot

Some of the financial key ratios for FLL are shown below. More…

Analysis

At GoodWhale, we understand your desire to make the best financial decisions when it comes to investing in FULL HOUSE RESORTS. With this in mind, our team of analysts has done an extensive analysis of their finances to better assess their risk rating and provide you with a comprehensive overview of the company. We found that FULL HOUSE RESORTS is a medium risk investment in terms of financial and business aspects. This means that while it is a safe investment, there are some potential risks that should be taken into account before making the final decision. In order to assess the financial stability of the company, we have examined their income sheets, balance sheets, cash flow statements, and financial journal. Our analysis has revealed four risk warnings that should be taken into consideration before investing in FULL HOUSE RESORTS. If you’d like to take a closer look at these risk warnings, simply register on goodwhale.com to check it out. More…

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

Full House Resorts is an attractive investment opportunity for investors. The average one-year price target for the stock has been revised to 194.40 / share, representing a 1414.87% increase from the prior price. Analysts are positive on the prospects of the company due to its strong management team and its extensive portfolio of gaming assets. Its balance sheet is also robust and its debt-to-equity ratio is low.

The company is well positioned to benefit from the current improvement in the US economy and potential growth in the gaming industry. Furthermore, investors can benefit from the potential upside in the stock, which could be further supported by potential acquisitions in the future.