FLL - Full House Resorts provides Q4 prelim results

Full House Resorts (FLL) is up 3.7% pre-market, as it announced preliminary 4Q20 consolidated net revenues are expected to be in the range of $37.8M to $38.5M vs. $37.48M consensus.Net income is expected in the range of $1.2M to $4M vs. net loss of $4.1M in 4Q19.Consolidated operating income is expected in the range of $7.1M to $8M, compared to an operating loss of $0.4M for 4Q19; and Adj. EBITDA is expected in the range of $9.3M to $10M vs. $2.3M in Q419.Company had ~$38M of cash and equivalents, as of December 31, 2020.Additionally, Company announced an increase to the size of its planned expansion of Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado. Company increased the size of its planned Cripple Creek expansion by 67% to ~300 luxury guest rooms and suites, from its previously planned 180 guest rooms.The expected investment to complete the Cripple Creek expansion is $180M, planned to be financed with debt, with

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Full House Resorts provides Q4 prelim results