FLL

EX-99.1

2 fll-20260507xex99d1.htm

EX-99.1

Exhibit 99.1

​

FULL HOUSE RESORTS ANNOUNCES STRONG FIRST QUARTER RESULTS

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- American Place Casino Revenues Increased 7.1%, Reflecting Continued Momentum in the First Quarter

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- Colorado Operations Showed Continued Improvement,

with Profitability Significantly Improving in the First Quarter

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- Consolidated Operating Income Rose 218.4% to $2.4 Million in the First Quarter of 2026;

Net Loss Improved to $(8.2) Million from $(9.8) Million

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- Adjusted EBITDA Increased 14.7% to $13.2 Million in the First Quarter of 2026

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Las Vegas – May 7, 2026 – Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the first quarter ended March 31, 2026.

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On a consolidated basis, revenues in the first quarter of 2026 were $74.4 million, reflecting growth at American Place Casino and Rising Star Casino Resort, offset by the sale of Stockman’s Casino in April 2025 and the termination of an agreement with one of our contracted sports wagering providers in 2025. In the prior-year period, revenues were $75.1 million. Excluding Stockman’s, revenues increased by 0.9%. Net loss for the first quarter of 2026 was $(8.2) million, or $(0.23) per diluted common share, which includes $0.1 million of development costs. In the prior-year period, net loss was $(9.8) million, or $(0.27) per diluted common share, reflecting $0.1 million of project development costs and a $0.2 million impairment of certain assets at Stockman’s Casino. Adjusted EBITDA(a) rose to $13.2 million in the first quarter of 2026, a 14.7% increase from $11.5 million in the prior-year period, reflecting growth at most of our casino properties, including large percentage increases at American Place, Chamonix/Bronco Billy’s and Rising Star, as well as growth at Silver Slipper Casino Hotel.

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“We had a great first quarter, led by continuing strength at American Place,” said Daniel R. Lee, Chief Executive Officer of Full House Resorts. “Our growth at American Place, located in Chicago’s northern suburbs, reflects its increasing awareness and popularity, as well as the continued expansion of our player database. Looking ahead, we remain excited about the construction and opening of our permanent American Place facility, to be located adjacent to the existing temporary casino. The permanent casino is designed to have more than twice the overall square footage, 39% more slot machines, 86% more table games, additional amenities, and significantly more lavish street appeal and décor than the temporary casino, which is in a sprung structure.

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“The City of Waukegan recently approved our earthmoving plans. We are also preparing to enter into a pre-construction agreement with Power Construction and recently entered into a construction advisory agreement with W. A. Richardson Builders (“Richardson”). Power Construction is a large Chicago-based contractor and is currently building the Hollywood Casino and Hotel in Aurora, Illinois. Richardson is a large construction company based in Las Vegas and oversaw construction of both the Fontainebleau and Durango resort casinos. The principals in Richardson, before starting their construction company, had major roles at Mandalay Resort Group, where they were involved in the development and construction of several Las Vegas and regional casinos, including the Grand Victoria casino in Elgin, Illinois. The architect for the project is WATG, whose team has worked on numerous casinos, including The Venetian in Las Vegas and the Hard Rock in Rockford, Illinois.

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“We have made significant progress in arranging the financing for the permanent American Place casino. We anticipate refinancing our existing bonds, which mature in February 2028, as part of that financing. We will announce the details of this planned financing when such arrangements become contractual, which we anticipate within the next few weeks.

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“Construction of the permanent casino should require approximately 18 months to two years. Because this timeline would put its opening beyond the date permitted for operations of the temporary casino, there is a bill in the current Illinois legislative session that would extend such period. If the legislation is approved, it would ensure the continuation of significant tax and other benefits and a smooth transition from the temporary to the permanent facility. Bills such as this are often resolved late in the legislative session, which is scheduled to end on May 31.

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“Chamonix/Bronco Billy’s significantly improved its profitability in the first quarter from the prior-year period. These improvements reflect a combination of ongoing operational enhancements and a continued focus on driving profitable growth. We hired an assistant general manager and a finance director during the quarter, both of whom have extensive experience with casinos and hotels of this quality and size. We also further enhanced the guest experience by installing new carpet and ceilings in muc

FULL HOUSE RESORTS, INC._March 3, 2026 0000891482false00008914822026-03-032026-03-03 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

​

FORM 8-K

​

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

​ Date of Report (Date of earliest event reported): March 3, 2026 ​

FULL HOUSE RESORTS, INC.

(Exact name of registrant as specified in its charter) ​ ​ Delaware ​ ​ ​ 001-32583 ​ ​ ​ 13-3391527

(State or other jurisdiction of incorporation) ​ (Commission File Number) ​ (I.R.S. Employer Identification No.)

​ One Summerlin 1980 Festival Plaza Drive, Suite 680 Las Vegas, Nevada ​ ​ ​ 89135

(Address of principal executive offices) ​ (Zip Code)

​ ​ Registrant’s telephone number, including area code: (702) 221-7800 ​ ​ ​ ​

​ N/A ​

(Former name or former address, if changed since last report)

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ​ ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ ​ ​

Title of each class ​ ​ ​ Trading Symbol(s) ​ ​ ​ Name of each exchange on which registered

Common stock, $0.0001 par value per share ​ FLL ​ The Nasdaq Stock Market LLC

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​

Item 1.01   Entry into a Material Definitive Agreement Amendment of Credit Agreement ​ On March 3, 2026, Full House Resorts, Inc. (the “Company”), amended its Credit Agreement with Capital One, National Association, dated as of March 31, 2021 (as amended through the date hereof, the “Credit Agreement”) pursuant to a Fourth Amendment to Credit Agreement which extended the maturity date of the Credit Agreement from January 1, 2027 to August 15, 2027. Except as set forth in the Fourth Amendment to Credit Agreement, all other terms of the Credit Agreement remain in full force and effect. The foregoing description of the Fourth Amendment to Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment to Credit Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. ​ Item 2.02   Results of Operations and Financial Condition ​ On March 5, 2026, the Company issued a press release announcing its financial and operating results for the fourth quarter and year ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated herein by reference. The information contained on, or that may be accessed through, any websites contained in our press release is not incorporated by reference into, and is not a part of, this document. The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In addition, none of such information shall be incorporated by reference in any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except to the extent specifically referenced in any such filings. Item 9.01   Financial Statements and Exhibits ​ ​ ​ ​

​

​

​

(d) Exhibits ​ ​

​ No. ​ Description

​ 10.1 ​ Fourth Amendment to Credit Agreement, dated as of March 3, 2026, among the Company, the guarantors party thereto and Capital One, National Association, as administrative agent.

​ 99.1 ​ Press Release of the Company dated March 5, 2026*

​ 104 ​ Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

​ *This exhibit related to Item 2.02 of this Current Report on Form 8-K shall be deemed to be furnished and not filed. ​ ​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​ ​ ​ Full House Resor

FULL HOUSE RESORTS, INC._November 6, 2025 0000891482false00008914822025-11-062025-11-06 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

​

FORM 8-K

​

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

​ Date of Report (Date of earliest event reported): November 6, 2025 ​

FULL HOUSE RESORTS, INC.

(Exact name of registrant as specified in its charter) ​ ​ Delaware

001-32583

13-3391527

(State or other jurisdiction of incorporation) ​ (Commission File Number) ​ (I.R.S. Employer Identification No.)

​ One Summerlin 1980 Festival Plaza Drive, Suite 680 Las Vegas, Nevada

89135

(Address of principal executive offices) ​ (Zip Code)

​ ​ Registrant’s telephone number, including area code: (702) 221-7800 ​ ​ ​ ​

​ N/A ​

(Former name or former address, if changed since last report)

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ​ ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ ​ ​

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share ​ FLL ​ The Nasdaq Stock Market LLC

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​

Item 2.02   Results of Operations and Financial Condition ​ On November 6, 2025, Full House Resorts, Inc. (the “Company”) issued a press release announcing its financial and operating results for the third quarter ended September 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated herein by reference. The information contained on, or that may be accessed through, any websites contained in our press release is not incorporated by reference into, and is not a part of, this document. The information contained in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In addition, none of such information shall be incorporated by reference in any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except to the extent specifically referenced in any such filings. ​ ​ Item 9.01   Financial Statements and Exhibits ​ ​ ​ ​

​

​

​

(d) Exhibits ​ ​

​ No. ​ Description

​ 99.1 ​ Press Release of the Company dated November 6, 2025*

​ 104 ​ Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

​ *This exhibit related to Item 2.02 shall be deemed to be furnished and not filed. ​ ​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​

Full House Resorts, Inc.

​ ​ ​

Date: November 6, 2025 ​ /s/ Lewis A. Fanger

​ ​ Lewis A. Fanger, President, Chief Financial Officer & Treasurer

​ ​ ​