Full House Resorts sees net revenues dip slightly

14 May 2015

By Howard Stutz

Full House Resorts saw net revenues decline slightly in the first quarter as new management takes control of the Las Vegas-based casino operator.

Full House, which operates casinos in Indiana, Mississippi and Northern Nevada, said its net loss was $1.8 million, or 9 cents per share for the quarter that ended March 31. A year ago, the company lost $1.1 million, or 6 cents per share.

Total revenue for the quarter declined to $1.8 million from $1.1 million.

The company’s bright spot was the Silver Slipper Casino in Mississippi, which grew revenue 11.4 percent and increased cash flow 26.2 percent.

“We strongly believe that we can continue to improve financial results at our properties, bringing them above their 2014 levels,” Full House CEO Dan Lee, who took over the company in December, said in a statement.