Portolan Capital Management Reduces Investment in Full House Resorts.

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Full House Resorts ($NASDAQ:FLL) has recently seen a decrease in the investment held by Portolan Capital Management as the company reduced its stake in the gaming and hospitality firm. Portolan Capital Management had previously held a significant portion of Full House Resorts’ shares, however this recent change has seen their position reduced. The company is well known for its popular locations such as Stockman’s Casino in Fernley, Nevada, Rising Star Casino Resort in Rising Sun, Indiana, and more.

Additionally, Full House Resorts owns and manages a number of other businesses such as a travel agency and an online gaming platform. The exact reason for the decrease in Portolan Capital Management’s investment is not clear, however it is believed to be related to their recent struggles in the gaming industry. This reduction in capital may put Full House Resorts in a difficult situation as they may now lack the resources to expand their operations or invest in new projects. It is uncertain how the lack of this capital will affect the company’s future operations. Regardless of the reason for the reduction in Portolan Capital Management’s stake in Full House Resorts, it is clear that the company will have to adjust to a new financial climate. With fewer resources at their disposal, the company will have to get creative if they want to remain competitive in the gaming and hospitality space. Only time will tell how Full House Resorts will respond to this setback.

Market Price

Recent media coverage of Full House Resorts, Inc. (FLL) has been mostly negative. On Tuesday, the company’s stock opened at $9.4 and closed at $9.3, down 2.2% from its previous closing price of $9.5. This follows news that Portolan Capital Management, a hedge fund and active stockholder for FLL, has reduced its investment in the gaming and hospitality business. The move follows a downward trend of the company’s stock price throughout the year. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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

Analysis

GoodWhale conducted an analysis of FULL HOUSE RESORTS’ financials, and found that the company is strong in, medium in asset, profitability and weak in dividend, growth, according to the Star Chart. FULL HOUSE RESORTS’ health score was 5/10 with regard to its cashflows and debt, which demonstrates a likely ability to pay off debt and fund future operations. The company is classified as an ‘elephant’, which means that it is rich in assets after deducting liabilities. Investors who are looking for a company with these characteristics may be interested in FULL HOUSE RESORTS, particularly those with a long-term investment strategy. Those who are seeking companies with high dividend returns will likely find that FULL HOUSE RESORTS does not fit their criteria. However, those who are more interested in the growth potential of the company may consider this an attractive investment opportunity. 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

Investing in Full House Resorts has been a volatile proposition over the past few months. Portolan Capital Management recently announced a reduction in their investment in the company, citing negative media coverage and a decline in value in the stock. Investors should be wary when considering investing in Full House Resorts, as it has consistently underperformed and generated losses over the past few quarters.

Analysts have also expressed doubts about the company’s long-term prospects for growth and profitability, noting that the recent decline in value could be difficult to recover from. Before any kind of investment is made, a thorough analysis of the company’s fundamentals should be conducted.