Full House slips to Q1 loss after Covid-19 revenue hit
Full House Resorts became the latest land-based operator to see its bottom line heavily impacted by novel coronavirus (Covid-19), as Q1 revenue fell 24.7% to $30.9m and the operator slipped to a loss.
Casino gaming made up the majority of revenue for Full House in the three months to 31 March, at $20.8m. However, this was down 26.6% year-on-year.
Food and beverage revenue, meanwhile, fell 19.3% to $7.0m while hotel revenue was down 27.4% at $2.0m.
Other revenue, including online operations, increased 38.3% to $1.1m. Of this total, $0.4m came from online sports wagering through Rising Star and Churchill Downs Interactive’s BetAmerica online sportsbook in Indiana.