Full House Resorts extends CFO contract, holds annual meeting

Full House Resorts (NASDAQ:FLL), Inc., a hotel and casino company with a market capitalization of $134 million, announced an extension of its Chief Financial Officer Lewis (JO:LEWJ) Fanger’s employment agreement on May 16, 2025. The amendment extends Fanger’s term until August 4, 2025, effective from May 15, 2025. This decision follows the original agreement dated May 19, 2022, and does not affect any other terms which remain in full effect. According to InvestingPro data, the company faces significant financial challenges with a weak overall health score and substantial debt obligations.

In other news, the company held its Annual Meeting of Stockholders on May 15, 2025. Over 86% of the outstanding shares were present or represented by proxy. Seven directors were elected to serve until the 2026 annual meeting. Additionally, the 2025 Equity Incentive Plan was approved, Ernst & Young LLP was ratified as the independent registered public accounting firm for 2025, and an advisory approval was given for the named executive officer compensation. Stockholders also advised that future votes on executive compensation should occur annually.

These updates are based on the SEC filing by Full House Resorts, Inc. For comprehensive analysis and additional insights about Full House Resorts, including 13 more exclusive ProTips and detailed financial metrics, visit InvestingPro.

In other recent news, Full House Resorts has reported a revenue of $75 million for the first quarter of 2025, surpassing analysts’ expectations and marking a 7% year-over-year growth, largely due to expansion in Illinois. However, the company’s EBITDA fell slightly short of projections, coming in at $11.5 million, attributed to adverse weather conditions and underperformance at the Chamonix property. Notably, the Chamonix and Bronco Billy’s properties saw a 34% revenue increase, while Silver Slipper’s adjusted property EBITDA grew by 21% year-over-year. In March, American Place achieved record gaming revenue, nearing $11 million.

Citizens JMP analyst Jordan Bender revised the price target for Full House Resorts, lowering it from $5.00 to $4.00, while maintaining a Market Outperform rating due to these mixed financial results. Management is optimistic about improving margins in the upcoming quarters, anticipating a recovery in EBITDA. The company is also focusing on the development of a permanent American Place facility, which is expected to double its revenues.

In addition to financial updates, Full House Resorts announced the appointment of Joshua Le Duff as the new Senior Vice President and Chief Marketing Officer, pending regulatory approvals. Le Duff’s previous experience includes significant roles at Pala Casino (EPA:CASP) Spa Golf Resort and Isle of Capri Casinos. These strategic developments reflect Full House Resorts’ efforts to enhance its operations and financial performance in the competitive gaming industry.

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