Full House sees net profit decline despite revenue growth in Q3
Full House Resorts reported a 12.6% year-on-year increase in revenue for the third quarter of its 2021 financial year, but the land-based casino operator also saw its net profit decline 40.3%.
Revenue for the three months to September 30 amounted to $47.2m (£34.7m/€40.7m), up from $42.0m in the corresponding period last year.
Full House experienced year-on-year revenue growth across all but one of its business areas, with casino revenue up 1.2% to $32.5m, food and beverage revenue rising 26.8% to $7.1m and other operations, including sports wagering, up 173.7% to $5.2m. Hotel revenue was marginally down to $2.5m.
Breaking down this performance geographically, Full House’s casino activities in Mississippi generated the highest proportion of revenue, with the Silver Slipper Casino and Hotel seeing revenue reach $21.5m.