Full year results 2020

Full House returns to profit despite Covid-19 impact in 2020

| By Robert Fletcher
US land-based casino operator Full House Resorts has revealed that despite its properties having been impacted by novel coronavirus (Covid-19) closures and restrictions in 2020, it was able to post a net profit for the year.

Revenue for the 12 months to December 31 amounted to $125.6m, down 25.1% from $165.4m in the previous year.

Full House saw revenue fall in almost all areas of its business as casinos had to close in line with state Covid-19 regulations, and since reopening, have been limited to the number of customers they can permit inside.

Casino revenue fell 19.9% to $90.8m, while food and beverage revenue dropped 43.6% to $19.8m and hotel revenue 35.7% to $7.4m.

Breaking down the performance of each property, the Silver Slipper Casino and Hotel in Mississippi saw revenue fall 14.6% to $62.5m, after being closed for two months in the spring.

Revenue at the Rising Star Casino Resort in Indiana was down 32.0% to $45.6m, due to a three-month period of closure, while Bronco Billy’s Casino and Hotel in Colorado, which also closed for three months, saw revenue fall 26.2% to $20.3m.

Read the full story on iGB North America.

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