(FLL) Full House Resorts, Inc. Business Model Canvas Research

US | Consumer Cyclical | Gambling, Resorts & Casinos | NASDAQ
(FLL) Full House Resorts, Inc. Business Model Canvas Research

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Full House Resorts Business Model Canvas in One Clear View

Explore how Full House Resorts, Inc. builds value across its casino and gaming operations with a clear, practical Business Model Canvas. This concise breakdown highlights key partners, revenue drivers, customer segments, and cost structure in one easy-to-follow view. Want the full strategic picture? Purchase the complete canvas for deeper insights and ready-to-use analysis.

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Partnerships

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State gaming regulators and licensing authorities

Full House Resorts depends on state gaming regulators in 4 jurisdictions—Mississippi, Colorado, Indiana, and Nevada—for licensing, renewals, audits, and rule changes. These approvals keep its casino, hotel, sportsbook, and food-and-beverage operations legal; in regulated gaming, one missed renewal can stall revenue across the whole property.

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Landlords and lease counterparties

Full House Resorts, Inc. relies on landlords and lease counterparties for rooms, land, and support space, including the nearby leased 104-guest-room hotel at Rising Star Casino Resort. These leases add capacity without full ownership, so Full House Resorts, Inc. can serve more guests while keeping capital needs lower.

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Hotel and resort integration partners

Grand Lodge Casino sits inside the Hyatt Regency Lake Tahoe Resort, Spa and Casino, so Full House Resorts, Inc. captures guests already on property. That integration ties gaming to hotel stays, dining, and spa spending, which lifts foot traffic, room demand, and per-guest revenue across the resort.

Food, beverage, and entertainment suppliers

Full House Resorts, Inc. depends on steady food, beverage, and entertainment suppliers to keep its steakhouses, buffets, bars, oyster bars, coffee shops, and casual dining spots stocked and running. Reliable sourcing for food, drinks, equipment, and service helps protect guest satisfaction, and even one bad supply break can hurt repeat visits.

  • Steady supply protects guest experience
  • Food, drinks, and equipment matter
  • Reliable vendors support repeat visits

Tourism, convention, and local destination partners

Full House Resorts, Inc. leans on tourism, convention, and local destination partners to fill rooms and gaming floors at Rising Star Casino Resort. The resort has a 31,500-square-foot pavilion for meetings and conventions and an 18-hole golf course, so local event and leisure traffic directly supports occupancy and spend.

  • Drive group bookings and event traffic
  • Support leisure stays and golf visits
  • Boost room and casino demand
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Key Partners Power Full House Resorts’ Casino Operations

Full House Resorts, Inc. depends on four state gaming regulators, lease partners, and major site hosts to keep its casinos legal and open. It also relies on food, beverage, and tourism partners to feed traffic into properties like the leased 104-room hotel at Rising Star and Grand Lodge Casino inside Hyatt Regency Lake Tahoe.

Partner Why it matters
State regulators 4 jurisdictions
Lease partners 104-room hotel access
Site hosts Hyatt Lake Tahoe location
Tourism/event partners 31,500-sq-ft pavilion

What is included in the product

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Detailed Word Document

A concise Business Model Canvas for Full House Resorts, Inc. outlining how its casinos, hotels, and gaming properties create value, generate revenue, and compete.

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Customizable Excel Spreadsheet

Condenses Full House Resorts’ business model into a quick, editable snapshot to save time and clarify strategy.

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Reference Sources

Provides a clear source trail for Full House Resorts, Inc. that boosts credibility and speeds investor decision-making.

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Activities

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Casino gaming operations

Full House Resorts, Inc. runs its core revenue engine through casino gaming operations, with 757 slot machines and 24 table games at Silver Slipper and 642 slots and 16 tables at Rising Star. This work needs tight staffing, game control, compliance, and guest service to keep floors open and cash flow moving.

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Hotel and resort management

Full House Resorts runs hotel and lodging operations across 129 rooms at Silver Slipper, 14 at Bronco Billy's, 190 at Rising Star, and integrated hotel service at Grand Lodge with 269 slots on site. These rooms help keep guests longer, lift spend per visit, and support casino play and food-and-beverage revenue.

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Food and beverage operations

Full House Resorts, Inc. uses food and beverage operations as a key traffic driver: its properties pair gaming with restaurants, buffets, bars, oyster bars, and coffee shops to lift non-gaming spend and keep guests on site longer. In the latest reported period, this kind of amenity mix supports more guest trips, higher per-visit spend, and a better overall resort stay.

Sportsbook and wagering management

At Silver Slipper, Full House Resorts, Inc. runs an on-site sportsbook that adds a regulated betting channel beyond casino play. Sports wagering needs live pricing, compliance, and customer support, so it widens the gaming mix and can lift visit frequency; U.S. legal sports betting handled over $120 billion in 2024, showing the scale of the channel.

  • On-site, regulated betting
  • Needs tech and compliance
  • Broadens gaming mix

Property upkeep and guest facility operations

Full House Resorts, Inc. must keep parking, RV parks, convention space, golf acreage, and beachfront amenities in top shape, because these assets drive guest traffic and repeat visits. In its 2025 portfolio, that upkeep supports casino-side demand and resort use by keeping spaces safe, clean, and functional for daily operations.

  • Protects guest experience and repeat business.
  • Keeps resort assets usable and attractive.
  • Supports traffic across amenity-heavy sites.
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Full House Resorts' 2025 footprint: 1,399 slots, 40 tables, 398 rooms

Full House Resorts, Inc. runs casino floors, hotels, food and beverage, and sports betting to keep guests on site and lift spend per visit. Its 2025 assets included 757 slots and 24 table games at Silver Slipper, 642 slots and 16 tables at Rising Star, and 269 slots at Grand Lodge.

Key activity 2025 scale
Casino gaming 1,399 slots; 40 tables
Hotel operations 398 rooms
Sportsbook 1 site

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Business Model Canvas

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Resources

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Six operating casino properties

Full House Resorts, Inc. relies on six operating casino properties, including Silver Slipper, Bronco Billy's, Rising Star, Stockman's, and Grand Lodge, plus their broader resort settings, as the core assets for gaming, lodging, dining, and events. This mix of 6 sites spreads demand across different markets, helping offset swings in any one location.

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Gaming inventory and licenses

Full House Resorts, Inc. relies on regulated gaming inventory across 6 casino properties, with hundreds of slot machines and dozens of table games that drive casino revenue. These licenses and gaming positions are hard to copy and are central to its 2024 net revenue of about $281.8 million, since access to permitted games is a key competitive resource.

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Hotel rooms and lodging capacity

Hotel rooms are a key asset for Full House Resorts, Inc., with 129 rooms at Silver Slipper, 14 at Bronco Billy's, 190 at Rising Star, 104 leased rooms nearby, and 269 rooms at Grand Lodge. That lodging base supports multiday stays, lifts total guest spend, and makes package-style casino resort offers more viable.

Land, parking, RV, golf, and event assets

Full House Resorts, Inc. uses land and site assets to drive repeat visits beyond gaming. Its footprint includes surface parking, a 37-space beachfront RV park, a 56-space RV park, an 18-hole golf course, and a 31,500-square-foot convention pavilion, which broaden demand from travelers, golfers, campers, and event guests.

  • 37-space beachfront RV park
  • 56-space RV park
  • 18-hole golf course
  • 31,500 sq. ft. convention pavilion

Management expertise and headquarters

Full House Resorts, Inc., founded in 1987 and based in Las Vegas, Nevada, uses its management team as a key resource for regulated gaming, hospitality, leasing, and resort operations. Its experience across 5 states helps it run properties under different state rules, which is hard to copy and supports expansion.

  • Founded in 1987
  • Headquarters: Las Vegas, Nevada
  • Operates in 5 states
  • Intangible edge: multi-state know-how
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Full House Resorts' Diverse Assets Power Gaming and Guest Growth

Full House Resorts, Inc. key resources are its six regulated casino properties, gaming licenses, and 796 hotel rooms plus leased rooms that support longer stays and higher guest spend. Its site assets, including two RV parks, an 18-hole golf course, and a 31,500-square-foot convention pavilion, widen demand beyond gaming.

Resource Key data
Casino properties 6 sites
Hotel rooms 796 total
RV parks 37 + 56 spaces
Convention pavilion 31,500 sq. ft.
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Value Propositions

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Gaming plus lodging in one destination

Full House Resorts, Inc. lets guests pair casino play with hotel stays at multiple properties, so the visit feels like a true resort trip, not just a gaming stop. That setup keeps customers on site longer and supports higher spend across rooms, food, drinks, and gaming.

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Multi-property and multi-market access

Full House Resorts’ four-state casino network in Mississippi, Colorado, Indiana, and Nevada gives it multiple regional destinations in one brand. In FY2025, that mix served local, drive-to, and destination guests, which helps spread demand across different markets and travel patterns.

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Varied entertainment and dining mix

Full House Resorts, Inc. uses a wide food-and-beverage mix across its casino portfolio, with upscale restaurants, buffets, casual dining, bars, an oyster bar, and a coffee shop at key properties. That spread serves different budgets and trip types, helping the Company lift spend per visit and keep guests on-site longer beyond gaming alone.

Resort amenities beyond gaming floors

Rising Star and Silver Slipper widen Full House Resorts, Inc. beyond gaming: Rising Star pairs hotel rooms, convention space, a golf course, and RV parks, while Silver Slipper adds beachfront access and an RV park. That mix pulls in families, groups, travelers, and event guests, so the Company competes as a broader hospitality venue, not just a casino operator.

  • Two resorts with non-gaming draw.
  • Convention, golf, beachfront, RV stays.
  • Appeals to events and leisure trips.

Accessible regional entertainment

Full House Resorts, Inc. uses smaller properties like Stockman's in Fallon and Bronco Billy's in Cripple Creek to serve local and regional guests who want nearby gaming and dining. The appeal is repeat traffic and easy access: in FY2025, the Company reported net revenue of about $300 million, with these regional casinos helping drive steady visitation without relying only on destination trips.

  • Local demand drives repeat visits
  • Smaller casinos are easier to reach
  • Regional play supports steadier traffic
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Full House Resorts: More Than Gaming, Built to Boost Guest Spend

Full House Resorts, Inc. sells more than gaming: its FY2025 portfolio combines casinos, hotels, dining, golf, RV parks, and event space to keep guests on site longer and lift spend per trip. Its four-state network across Mississippi, Colorado, Indiana, and Nevada serves local, drive-to, and destination demand. FY2025 net revenue was about $300 million.

Value proposition FY2025 data
Non-gaming draw Hotels, golf, RV, events
Scale 4 states, about $300M revenue
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Customer Relationships

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Direct on-property service

Full House Resorts, Inc. uses direct on-property service across casino floors, hotel desks, restaurants, and bars, so guest contact stays face-to-face and immediate. This high-touch model matters because repeat visits depend on service quality, and the company’s 7-property footprint keeps hospitality staff close to the customer experience.

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Repeat-visit and loyalty behavior

Full House Resorts, Inc. relies on repeat visits to keep casino, dining, and hotel revenue steady, so loyalty offers and targeted mailers are key. In fiscal 2025, this mattered even more as the company operated a small, property-based portfolio where each returning guest can add multiple spend lines in one trip.

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High-touch host and event support

The pavilion, golf course, and hotel rooms let Full House Resorts, Inc. serve conventions, group stays, and special occasions with coordinated booking and on-site help, so customer care is hands-on, not transactional. That high-touch model matters because one event can span venues, lodging, and golf, turning a single booking into multiple revenue streams.

Sportsbook and gaming engagement

In Full House Resorts, Inc.'s 2025 portfolio of 5 casinos, the Silver Slipper on-site sportsbook adds a direct betting touchpoint that sits beside gaming, promos, and customer service. That setup can lift repeat visits and keep players engaged during NFL, March Madness, and other peak sports periods.

  • One more touchpoint at Silver Slipper
  • Links betting, promos, service
  • Best during major sports events

Regional convenience and familiarity

Full House Resorts, Inc. builds customer ties in drive-to markets where guests come back for ease, not just travel trips. That fit matters because repeat visits support steadier revenue across local properties, while familiar service and short travel times make loyalty more routine than promotional.

  • Drive-to guests value proximity
  • Routine visits lift repeat play
  • Consistent service keeps loyalty
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Full House Resorts Builds Loyalty Through Local, High-Touch Service

Full House Resorts, Inc. keeps customer ties local and high-touch: guests are served on-site across casinos, hotels, dining, and sportsbook, so repeat visits depend on staff quality and fast service. In fiscal 2025, its 5-casino portfolio and 7-property footprint made loyalty offers, mailers, and event support key to keeping drive-to guests coming back.

Fiscal 2025 Data point
5 Casinos
7 Properties
Drive-to Core guest base
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Channels

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Casino floors and gaming venues

Full House Resorts, Inc. sells most gaming through the physical casino floor, where guests play slot machines, table games, and sportsbook betting in person. In 2024, the company reported $292.8 million in revenue, and the casino floor remained the core point of sale for that gaming mix.

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Hotel front desks and resort bookings

Full House Resorts, Inc. uses on-site hotel desks and resort reservations to turn casino traffic into overnight stays, packages, and multi-day visits. The 300-room Chamonix hotel in Cripple Creek shows why lodging is central to resort demand: it keeps guests on property longer and supports room sales tied to gaming and leisure spend.

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Restaurants, bars, and entertainment outlets

Restaurants, bars, and entertainment outlets help Full House Resorts, Inc. pull guests in first, then move them into gaming and rooms. In FY2024, Full House Resorts posted $292.7 million in net revenue, showing these venues are part of both customer acquisition and repeat-visit flow.

Convention, pavilion, and group-event sales

Rising Star’s 31,500-square-foot pavilion gives Full House Resorts, Inc. a clear convention and event sales channel for business and social planners. Group bookings can fill room nights, lift banquet spend, and add gaming traffic, so one event can drive several revenue streams at once.

  • 31,500-square-foot dedicated pavilion
  • Targets business and social organizers
  • Drives rooms, banquets, and gaming

Property websites and direct contact

Full House Resorts, Inc. uses property websites and direct contact to drive room bookings, event sales, and on-site amenity traffic across its 6-casino portfolio. Direct channels cut third-party booking fees, keep guest data in-house, and make it easier to sell stays, dining, and entertainment in one step.

  • Direct booking lowers commission costs.
  • Property sites boost guest convenience.
  • Channels promote rooms, events, amenities.
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Full House Resorts: Multiple Revenue Channels Drive Growth

Full House Resorts, Inc. sells through casino floors, hotel booking paths, restaurants, bars, and event sales, with direct property websites and on-site desks pushing room nights and repeat visits. In FY2024, net revenue was $292.7 million, and the 31,500-square-foot Rising Star pavilion adds a group-sales channel that can feed gaming, lodging, and banquet spend.

Channel Use Data
Casino floor Slots, tables, sportsbook Core revenue point
Hotels and direct booking Rooms and packages Chamonix has 300 rooms
Events Group and banquet sales Rising Star pavilion: 31,500 sq. ft.
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Customer Segments

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Slot machine players

Slot machine players are a core gaming segment for Full House Resorts, Inc. Silver Slipper has 757 slot machines and Rising Star has 642, showing how central slot play is to the business mix. These guests tend to visit often and spend not only on gaming but also on food and drink, supporting repeat revenue across the property.

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Table game players

Full House Resorts, Inc. serves table game players at 3 casinos: Silver Slipper, Rising Star, and Grand Lodge. These guests look for blackjack, poker, and live-dealer action, and they tend to spend on atmosphere and service as much as the game itself.

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Hotel and resort guests

Full House Resorts, Inc. serves overnight hotel and resort guests across properties with room counts from 14 to 269, plus a leased 104-room hotel. These guests stay for gaming, leisure, or travel stops, and lodging helps Full House Resorts, Inc. reach beyond day-trip traffic and capture longer stays and higher spend.

Convention, meeting, and group travelers

Convention, meeting, and group travelers use Rising Star’s 31,500-square-foot pavilion for corporate meetings, banquets, and social events, with hotel rooms helping fill midweek demand. For Full House Resorts, Inc., this segment matters because it adds banquet spend and steadier nonweekend occupancy.

  • 31,500-square-foot event space
  • Corporate, banquet, and social demand
  • Supports midweek room nights
  • Drives banquet revenue

Local and regional leisure visitors

Full House Resorts, Inc. serves local and regional leisure visitors across 4 states: Mississippi, Indiana, Nevada, and Colorado. These drive-in guests come for gaming, dining, entertainment, and short stays, and they tend to be repeat users of nearby casinos.

  • 4-state regional customer base
  • Drive-in leisure traffic
  • Repeat casino visitation
  • Gaming, dining, short stays
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Full House Resorts: Regional Slots, Hotels, and Event Traffic Drive Growth

Full House Resorts, Inc. serves slot-heavy, table-game, hotel, and drive-in leisure guests across 4 states, with repeat regional traffic doing most of the work. Property mix matters: Silver Slipper has 757 slots, Rising Star 642 slots, and Rising Star’s 31,500-square-foot pavilion adds event demand.

Segment Key data
Slots 757 at Silver Slipper; 642 at Rising Star
Events 31,500 sq. ft. pavilion
Hotel guests 14 to 269 rooms, plus 104 leased
Market 4 states: MS, IN, NV, CO
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Cost Structure

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Gaming labor and guest service payroll

Gaming labor and guest service payroll is one of Full House Resorts, Inc.s largest recurring costs because casinos, hotels, restaurants, and sportsbooks need dealers, slot attendants, hotel staff, food service, security, and managers around the clock. This labor load keeps service levels up, but it also makes payroll a key driver of operating margin.

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Property maintenance and utilities

Full House Resorts, Inc. keeps hotels, casinos, RV parks, golf land, parking areas, and dining venues in working order, so utilities, repairs, cleaning, and equipment replacement stay recurring costs. Property condition drives guest spend and repeat visits, and in FY2025 these upkeep costs remained a core part of the operating base across its resort and casino portfolio.

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Lease and occupancy costs

Lease and occupancy costs are a structural part of Full House Resorts, Inc.’s model, including the leased 104-room hotel at Rising Star. These payments let the Company control strategic facilities without owning them outright, but they also add fixed cost pressure when occupancy softens.

Gaming compliance and regulatory costs

Full House Resorts, Inc. must spend on licensing, audits, security, and legal review in every regulated state, because slot machines, table games, and sportsbook ops all need ongoing approval. These are fixed casino costs, and in FY2025 they remained unavoidable for compliance and market access.

  • Licenses and renewals drive steady cash outflow
  • Audits and controls protect gaming access
  • Sportsbook rules add extra legal burden

Food, beverage, and inventory costs

Food, beverage, and inventory costs at Full House Resorts, Inc. cover restaurants, bars, buffets, and coffee shops, so every guest served adds direct spend on ingredients, kitchen supplies, and stock. These costs move with traffic and menu mix, and they usually rise when premium items or higher-volume dining outlets take a bigger share of sales.

  • Direct cost of guest meals and drinks
  • Rises with traffic and menu mix
  • Includes kitchen and inventory supplies
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Full House Resorts: Labor and Compliance Keep Costs High

Full House Resorts, Inc.’s cost base is led by 24/7 gaming labor, property upkeep, and regulated-market compliance. In FY2025, fixed costs stayed heavy across casinos, hotels, restaurants, and sportsbooks, while food and beverage spend rose with guest traffic and menu mix.

Cost driver FY2025 note
Labor 24/7 casino staffing
Compliance Licenses, audits, legal
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Revenue Streams

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Slot machine win revenue

Slot machine win revenue is a core earnings engine for Full House Resorts, Inc., led by 757 machines at Silver Slipper and 642 at Rising Star. In fiscal 2025, this stream was driven by guest play volume and hold percentages, so higher traffic and stronger holds directly lifted casino win revenue across the portfolio.

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Table game win revenue

Full House Resorts, Inc. earns table game win revenue from live play and the house edge at properties such as Silver Slipper, which runs 24 table games, and Rising Star, which runs 16. This stream diversifies revenue beyond slots and supports a broader gaming mix across the portfolio.

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Hotel room revenue

In FY2025, Full House Resorts used five lodging touchpoints, Silver Slipper, Bronco Billy's, Rising Star, the leased hotel, and Grand Lodge integration, to turn room nights into gaming spend. Guest rooms support overnight stays, packages, and event traffic, so hotel revenue feeds casino visits and lifts capture of customer spend.

Food, beverage, and sportsbook revenue

Food and beverage revenue at Full House Resorts, Inc. comes from dining rooms and bars that lift non-gaming spend across the portfolio. The sportsbook at Silver Slipper adds a separate wagering stream, and these sales usually improve when guests stay longer and traffic rises.

  • Dining drives non-gaming cash flow
  • Bars add high-margin guest spend
  • Silver Slipper adds sportsbook revenue
  • Longer visits support higher receipts

Event, golf, RV, and venue-related revenue

Rising Star’s pavilion, golf course, and RV park, plus Silver Slipper’s beachfront RV park, add fee income from groups, travelers, and leisure users, so Full House Resorts, Inc. can earn beyond casino play. These venue assets help smooth demand, since event and outdoor-activity revenue is less tied to table and slot volatility.

  • Event fees
  • Golf and RV demand
  • Beachfront traveler spend
  • Broader non-gaming mix
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Slots Lead Full House Resorts’ FY2025 Revenue Mix

Full House Resorts, Inc. revenue streams in FY2025 were led by slot win, with 757 machines at Silver Slipper and 642 at Rising Star, plus table-game win from 24 and 16 tables, respectively. Hotel stays, dining, sportsbook, and venue fees added non-gaming cash flow and helped lift spend per visit.

Stream FY2025 signal
Slots 1,399 machines
Tables 40 tables
Lodging/ancillary Rooms, F&B, sportsbook, RV/golf

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