Full House Resorts has announced an increase in revenue and cash flow for the second quarter of 2026, while also managing to reduce its losses. The company’s properties, American Place in Illinois and Chamonix in Colorado, both experienced significant revenue growth.
Total revenue climbed by 5.6% to reach $78.1 million, with cash flow rising by 19.5% to $13.3 million. The quarterly loss decreased to $8.7 million, down from $10.4 million the previous year. American Place saw a revenue increase of 13.4%, while Chamonix reported an 11.7% rise.
President Lewis Fanger remarked on the strong performance, stating, “We had a strong quarter of growth, led by our two recent properties.” Notably, The Temporary at American Place generated $12.7 million in May, marking it as the second-best month in July.
The Midwest & South division, which includes American Place, recorded a revenue increase of 5.6%, totaling $61 million, despite facing a 42-hour power outage at Rising Star in Indiana. Meanwhile, the West division, which encompasses Chamonix, grew by 7.3%.
CEO Dan Lee emphasized the positive outcomes, stating, “Our second-quarter results highlight the strength of American Place and continuing progress at Chamonix.” He noted that American Place set new property records during this quarter, including a record for revenue.
Full House has received authorization to operate the temporary Waukegan casino until February 2029. Fanger mentioned plans to transform the structure into a trade-show and entertainment venue for five years instead of demolishing it. Former casino executive Bill Richardson proposed this idea, questioning, “Why are you tearing this down?” and suggesting it would be ideal for events like boat shows.
The permanent American Place, with a budget of $302 million, has undergone redesigns. Customers will no longer need to traverse the casino floor to access restaurants, and the property will open with fewer slot machines than its maximum capacity. Lee explained that the design drew inspiration from Las Vegas’s Durango Resort, incorporating a food hall and a compact back-of-house area. “We didn’t exactly copy it, but we learned from it,” he added.
Chamonix reported a breakeven quarter. Fanger noted that the daily win per gambling position was about half of the roughly $300 average seen in nearby Black Hawk and only a quarter of Monarch Black Hawk’s figures. Full House aims to elevate Chamonix’s daily win to $175 per position within the next 18 months, with VIP guests being the strongest segment in June.
Lee mentioned that Full House is enhancing Chamonix’s amenities and marketing strategies. “We’re holding the line on expenses. We’re growing revenue. We’re also making the marketing more efficient,” he stated.
The Mexican restaurant has been revamped and renamed Don Juan’s, while slot machines were removed from Chamonix’s speakeasy, converting it into a standard bar. A seven-person sales and marketing team is now targeting group and convention business for 2027 and 2028.
Full House has also appointed a new casino director with experience from Wynn and Fontainebleau in Las Vegas. Chamonix’s cash flow improved by $1.1 million compared to the previous year, with a small loss in April balanced by positive results in May and June.
At Grand Lodge, renovations at the nearby Hyatt continue to impact revenue and are projected to affect operations until the latter half of 2027. Lee described the property as “a beach resort on Lake Tahoe without a beach.”
Additionally, Full House is pursuing debt refinancing through a planned four-bank credit facility, with Lee stating that the process is moving forward despite the extensive documentation required. The company is not actively seeking casino acquisitions, even though competitors like Churchill Downs have properties for sale.
Lee indicated that Full House is concentrating on Chamonix and American Place and is not looking to take on another major challenge at this time. He also noted that any acquisition would likely necessitate additional financing and debt, while raising equity at current prices is not appealing. The company remains selective regarding potential assets, although Fanger mentioned that their position might change in three years.