Full House returns to profit in H1 as revenue rockets 97.6%
US land-based casino operator Full House Resorts returned to profit in the first half of its 2021 financial year after a 97.6% year-on-year increase in revenue led to a net profit of $2.0m (£1.5m/€1.7m).
Revenue for the six months to June 30 amounted to $89.7m, up from $45.4m in the same period last year, though Full House’s performance in the first half of 2020 was significantly impacted by the novel coronavirus (Covid-19) pandemic.
Last year saw Full House close its casinos for a large portion of the first half as states sought to slow the spread of Covid-19.
In contrast, casinos this year were permitted to operate throughout the half, albeit with some restrictions in place, including capacity limits and some social distancing.
This continued operations saw casino revenue more than double year-on-year from $31.7m to $66.7m, while food and beverage revenue increased by 50.0% to $13.5m, hotel revenue 74.1% to $4.7m and other operations, including online sports betting, 135.0% to $4.7m.