Full House Resorts has reported its financial results for the first quarter of 2026, as net revenue for the operator decreased 0.8% to $74.4m, even while managing to improve both net loss and adjusted EBITDA.
The $8.2m net loss reported by Full House Resorts equates to a 16.5% decrease from the prior year period, when the operator had witnessed a loss of nearly $9.8m. Full House Resorts’ adjusted EBITDA for Q1 2026 totaled $13.2m, representing growth of 14.7%.
Perhaps assisted by a 13% decrease in operating expenses to $72.1m, Full House Resorts managed to increase operating income by a significant 218.4% to $2.4m.
Full House Resorts Net Income/Loss History - Q1
in $mil
Casino operations accounted for the vast majority of revenue during Q1 with $55.7m and grew 0.7%, while food & beverage and hotel revenue decreased 4.6% and 1.5%, respectively, for totals of $9.6m and $3.8m.
Other operations, including contracted sports wagering, generated just over $5.3m of revenue and decreased 9%.
The operator’s midwest & south segment produced $59.4m of revenue during the quarterly period, representing an increase of 3.8%. Revenue from the west segment decreased 13% to $13.6m, while adjusted EBITDA for the region resulted in a loss of $1.8m.
The midwest & south segment managed to increase adjusted EBITDA by 13.1% to $14.8m, while contracted sports wagering’s adjusted EBITDA for Q1 2026 decreased 34.1% to $1.4m.
Full House Segment Revenue History - Q1
in $mil
In the west segment, revenue from Chamonix Casino Hotel and Bronco Billy’s Casino decreased 3.2% for a total of $11.3m, trailed by Grand Lodge Casino which produced $2.3m and fell 12.6%.
On April 30, Vici Properties officially closed on its $1.1bn acquisition of the land, real property and improvements of seven Nevada casino properties from Golden Entertainment, and also assumed and immediately retired the operator’s outstanding $426m debt.
As part of the transaction, Vici entered into a triple-net master lease agreement with a newly formed entity owned and controlled by Golden Entertainment Chairman & CEO Blake Sartini.
Vici Properties reported its Q1 2026 financial results on April 29, having increased revenue by 3.5% to just over $1bn, while adjusted funds from operations totaled $650.9m and grew 5.7%
