FULL HOUSE RESORTS INC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
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Item 2. Properties
Substantially all of our assets collateralize our indebtedness, as discussed in Note 7 to the consolidated financial statements set forth in Part II, Item 8. “Financial Statements and Supplementary Data.” Several of our facilities are subject to leases of the underlying real estate assets, which may, among other things, include the land underlying the facility and, in some cases, buildings used in business operations, as discussed in Note 8 to the consolidated financial statements set forth in Part II, Item 8. “Financial Statements and Supplementary Data.” See Part I, Item 1.“Business —Operating Properties”for additional discussions.
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| · · · · December 31, 2024 | |||||||||||||
| · · · · Owned · · Leased · · · · · · | |||||||||||||
| · · · · Land · · Land · · Slot · · Table · · Hotel | |||||||||||||
| Segments and Properties · · Locations · · (acres) · · (acres) · · Machines · · Games · · Rooms | |||||||||||||
| Midwest & South | | | | | | | | | | | | | |
| American Place(a) | | Waukegan, IL | | 9.95 | | 31.70 | (b) | | 933 | | 43 | | ─ |
| Silver Slipper Casino and Hotel | Hancock County, MS | 0.03 | 44.18 | (b) | 769 | | 20 | | 129 | ||||
| Rising Star Casino Resort | Rising Sun, IN | 312.69 | 3.01 | (b) | 623 | | 16 | | 294 | ||||
| West | | | | | | | | | | | | | |
| Bronco Billy’s Casino / Chamonix Casino Hotel(c) | Cripple Creek, CO | 6.20 | 2.89 | (b) | 630 | | 10 | | 307 | ||||
| Grand Lodge Casino | Incline Village, NV | ─ | 0.48 | | 264 | | 9 | | (d) | ||||
| Stockman’s Casino(e) | Fallon, NV | ─ | 4.73 | | 189 | | 3 | | ─ | ||||
| (a) | The temporary American Place facility opened on February 17, 2023 and does not have hotel operations. The permanent American Place facility (under development) is currently expected to have a significantly larger casino and a premium boutique hotel comprised of 20 luxury villas. |
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| (b) | We have the right to buy out such leases at a fixed price. |
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| (c) | Bronco Billy’s and Chamonix are two integrated and adjoining casinos, operated by our management team as a single entity. Chamonix opened in phases between December 2023 and October 2024. |
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| (d) | Located within the Hyatt Lake Tahoe, which offers 422 rooms. |
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| (e) | We closed on the sale of Stockman’s real property in September 2024 to a privately-held company. We continue to operate the business under a leaseback agreement with the new owners for use of their facilities until the second closing of the Stockman’s sale, which is expected to occur in the first half of 2025. |
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