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LAS VEGAS - Full House Resorts, Inc. (NASDAQ:FLL), a gaming operator with a market capitalization of approximately $160 million, has promoted Lewis Fanger to President, Chief Financial Officer, and Treasurer, effective July 11, 2025, according to a company press release issued Tuesday.
The title of President was previously held by Daniel Lee, who continues as the company’s Chief Executive Officer after extending his employment agreement in June 2025.
"Since our arrival approximately ten years ago, Full House Resorts has undergone a significant transformation, from a small regional casino operator to one of the fastest-growing companies in our industry," Lee said in the statement. "Lewis’s financial leadership has helped enable that growth, allowing us to improve our existing assets and expand the Company through new developments." The company’s recent performance supports this growth narrative, with revenue growing nearly 14% in the last twelve months and the stock posting an impressive 12% return in the past week, according to InvestingPro data.
Fanger has served as part of the executive team for the past decade. The company indicated the promotion will help ensure leadership continuity.
Full House Resorts owns and operates several gaming properties across the United States, including American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Mississippi; Chamonix Casino Hotel and Bronco Billy’s Casino in Colorado; Rising Star Casino Resort in Indiana; and Grand Lodge Casino in Nevada. While the company maintains a strong operational presence, InvestingPro analysis reveals some financial challenges, including significant debt obligations and short-term liquidity concerns. For deeper insights into Full House Resorts’ financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The casino operator did not announce any additional changes to its executive leadership team in connection with Fanger’s promotion.
In other recent news, Full House Resorts reported a first-quarter revenue of $75 million, marking a 7% year-over-year increase, though EBITDA fell short of expectations at $11.5 million. The company is experiencing challenges with its Chamonix Casino in Colorado, which contributed to higher operational costs and affected visitor numbers. Despite these hurdles, Full House Resorts is optimistic about future performance, particularly with its temporary gaming facility in Illinois, which saw a 13% increase in gaming revenue. Analysts at JMP Securities maintained a Market Outperform rating with a $4.00 price target, citing the company’s efforts to improve its cost structure and expand its business segments. Citizens JMP also revised the price target to $4.00, reflecting mixed financial results but acknowledging potential recovery in the coming months. Additionally, Full House Resorts extended the employment contract of CFO Lewis Fanger and appointed Joshua Le Duff as Chief Marketing Officer to strengthen its marketing strategies. CEO Daniel Lee’s purchase of 270,000 shares for $1.28 million signals management’s confidence in the company’s prospects. These developments indicate strategic efforts by Full House Resorts to enhance profitability and address operational challenges.
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