FLL - Full House shoots 12% on Q3 estimates beat

As the customers have responded positively, recognizing that it is possible to operate a casino with appropriate social distancing and health safety measure, Full House Resorts ([[FLL]] +12.2%) Q3 revenue stood at $42M (-5.2% Y/Y) however beating consensus by $5M.Net income rose to $7.7M, from $0.9M in the prior-year which was affected by the accounting for the fair market value of outstanding warrants.Revenues increased despite restrictions on the number of available slot machines and the seating capacity at each table game, in order to accommodate proper “social distancing”.Adj. EBITDA increased 115.6% Y/Y to $12.5M and operating income increased three times compared Y/Y, which reflects new marketing programs and staffing improvements at the Company’s properties.In June 2020, one of the Company’s three permitted sports wagering websites launched operations in Colorado and also launched on-site sports wagering at Bronco Billy’s in September 2020.As of Sept. 30, 2020, cash and equivalents of $107.1M in outstanding senior secured

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Full House shoots 12% on Q3 estimates beat