Focus on Marketing Pays Off for Full House Resorts
A superb set of financial results have been announced by Full House Resorts despite the challenges which the industry is still facing in the wake of the pandemic.
What is particularly encouraging about the Full House Resorts latest earnings is that they show a 12.6% increase when compared with the previous quarter, and both periods are based on reopened operations as opposed to comparing the results with periods which were in lockdown.
All the companies' properties are now open after lockdown with the Silver Slipper Casino and Hotel with a revenue of $21.53m, up 7.9% from $19.96m, showing the top results.
Full House have stated that these superb figures are the result of their focus on marketing and the number of investments in properties which the group have made over the past few years.
We also continue to pursue other growth opportunities in Waukegan, Illinois, and Terre Haute, Indiana. In Illinois, we recently presented our proposal to the Illinois Gaming Board for a new destination casino in Waukegan, a northern suburb of Chicago. Similarly, we are scheduled to present our unique proposal to the Indiana Gaming Commission next week for an iconic casino hotel in Terre Haute, approximately one hour west of Indianapolis.
The respective gaming commissions have indicated that they intend to select their winning proposals on November 17 (Indiana) and by early January (Illinois). Both new casinos would be named 'American Place. Our management team at Full House has a long history of developing some of the most iconic casinos in the world. We look forward to the potential of developing both of these unique proposals over the next few years.
Moving forward, Full House are in negotiations to construct a property in Terre Haute, Indiana, along with presentations to the Indiana Gaming Commission along with proposals to the Illinois Gaming Board.