What to do with Full House Resorts Inc at $5.53?

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Full House Resorts Inc. is a gaming and hotel company that owns, operates, or develops casino resort properties. The company has six properties, including the Silver Legacy Resort Casino in Reno, Nevada, and the Rising Star Casino Resort in Rising Sun, Indiana. The stock closed at $5.53 in the last trading session, down 4.48%. The company attributed the decline in both net revenues and adjusted EBITDA to lower gaming revenues at its Silver Legacy and Circus Circus Reno properties.

However, the pending sale of the Silver Legacy Resort Casino could be a positive catalyst for the stock.

Market Price

On Monday, FULL HOUSE RESORTS ($NASDAQ:FLL) stock opened at $5.6 and closed at $5.5. One option could be to hold onto the stock and wait for it to rebound. The company has been through tough times before and has managed to come out stronger. Another option could be to sell the stock and invest the money elsewhere.

This could be a good choice if the investor is worried about the company’s future prospects. Whatever decision is made, it is important to do your own research before investing in any company.

VI Analysis

This is based on the company’s financial and business fundamentals. There are 3 risk warnings in the income sheet, balance sheet, and cashflow statement. Register with us to check it out.

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

FULL HOUSE RESORTS INC is a gaming company that owns, operates or has an interest in casino and hotel properties. The company’s properties include the Silver Slipper Casino and Hotel in Mississippi, the Rising Star Casino Resort in Indiana, the Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Nevada, and the North Las Vegas Hospitality and Gaming LLC. The company’s stock is currently trading at $5.53 per share.

Investors may want to consider buying shares of FULL HOUSE RESORTS INC as the company appears to be undervalued at its current stock price. Given the company’s strong fundamentals, investors may want to consider buying shares of FULL HOUSE RESORTS INC at its current stock price.