Full House expects Q4 earnings growth despite revenue dip
| By Daniel O'Boyle
Full House Resorts expects revenue for the fourth quarter of 2020 fall year-on-year, though earnings are set to grow significantly, as it prepares to significantly expand its planned renovation of its Colorado property.
The operator expects revenue for the three months to 31 December 2020 to fall between $37.8m and $38.5m. This suggests a decline of up to 3.1% from the fourth quarter of 2019.
Operating profit, however, is expected to finish between $7.1m and $8.0m, compared to a $400,000 operating loss in the prior year.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $9.3m are $10.0m projected, roughly four times its EBITDA for the same quarter in 2019.