Added to YB: 2025-10-27
Pitch date: 2025-10-26
FLL [bullish]
Full House Resorts, Inc.
-1.4%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Full House Resorts, Inc. own, lease, develop and operate gaming facilities throughout the country. Our properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Rising Star Casino Resort in Rising Sun, Indiana; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.
Market Cap
$101.9M
Pitch Price
$2.85
Price Target
5.40 (+92%)
Dividend
N/A
EV/EBITDA
10.61
P/E
-2.60
EV/Sales
2.00
Sector
Hotels, Restaurants and Leisure
Category
turnaround
From Mirage, Pinnacle to Full House
FLL: IL temp casino AP hit $120M rev, $30M EBITDA (25% margin), 6-7% mkt share in 2 yrs. Permanent site ($300M capex) could yield $80M EBITDA. Chamonix (CO) ramping to est $25M EBITDA by 2027. CEO Dan Lee (ex-Mirage/Pinnacle CFO, owns 5%) projects 2029 $125M total EBITDA. At 8x = $5.4/share (90% upside vs $2.8). Key risk: securing $300M financing w/o dilution while EBITDA/interest <1.
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