Full House Resorts extends CFO’s contract

Full House Resorts Inc ., a company operating in the hotels and motels industry with a market capitalization of $130.59 million, has announced an amendment to the employment agreement with its Chief Financial Officer, Elaine Guidroz. The extension was formalized on March 31, 2025, and prolongs Guidroz’s contract until August 4, 2025. According to InvestingPro data, the company faces significant financial challenges, with a weak overall financial health score.

The original employment agreement with Guidroz dates back to February 4, 2022. The recent amendment, effective as of the same date, ensures continuity in the company’s financial leadership at a crucial time when the company’s stock is trading near its 52-week low of $3.60. Other than the extension of the term, the employment agreement remains unchanged and continues to be in full effect as per the original terms.

The announcement was made through an 8-K filing with the Securities and Exchange Commission (SEC), which requires companies to report significant events that shareholders should be aware of. This filing provides transparency into the managerial movements within Full House Resorts, particularly concerning its executive team.

The 8-K filing included the amendment document as Exhibit 10.1, which details the changes to the employment agreement. Full House Resorts has its headquarters in Las Vegas, Nevada, and is incorporated in Delaware. The company’s common stock is traded on The Nasdaq Stock Market LLC under the ticker symbol (NASDAQ:FLL).

Investors and stakeholders of Full House Resorts can refer to the SEC filing for a complete understanding of the terms of the amendment. The extension of the CFO’s contract signals stability in the company’s financial management as it continues its operations in the hospitality sector.

This news is based on information contained in a recent SEC filing by Full House Resorts.

In other recent news, Full House Resorts Inc. reported a challenging fourth quarter for 2024, with earnings per share (EPS) of -$0.35, which missed the forecasted -$0.23. Revenue also came in below expectations at $72.96 million, compared to the projected $75.78 million. Macquarie analyst Chad Beynon maintained a Neutral rating on Full House Resorts, noting that the company’s property EBITDA fell short of consensus expectations by 4%, although overall company EBITDA increased by 42% year-over-year. Citizens JMP analyst Jordan Bender revised the stock price target from $6.00 to $5.00, while maintaining a Market Outperform rating, citing a cautious outlook on near-term performance.

Full House Resorts announced a significant change in its auditing firm, switching from Deloitte & Touche LLP to Ernst & Young LLP for the fiscal year ending December 31, 2025. The company highlighted that there were no disagreements with Deloitte during their tenure. Additionally, the company is set to commence permanent construction in Illinois, with an estimated project cost of $300 million, following a favorable court decision. Full House Resorts is also focusing on operational efficiency and margin improvement at its properties, including the expansion of its Chamonix and American Place properties. Despite the challenges, the company reported a 34% year-over-year increase in gaming revenue in January, indicating promising performance at the start of the year.

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