Casino developer and operator Full House Resorts has announced results for the second quarter and year-to-date period ending June 30, 2017.

Full house resorts

On a consolidated basis, net revenues in the second quarter of 2017 increased 16.1 per cent to US$40.1m, up from $34.6m on the previous year.

Net loss for the second quarter of 2017 was $1.5m, compared to a net loss of $2.4m, or a loss of 12c per diluted common share, for the same period in 2016.

For the six-month period, revenues rose 19.8 per cent, while operating income rose 50.9 per cent. This increase can be attributed to the acquisition of Bronco Billy’s in May 2016. Net loss improved in the 2017 period to a loss of $2.1m versus a loss of $2.7m in the 2016 period.

“We had another solid quarter, with Silver Slipper again leading our growth,” said Daniel R. Lee, president and chief executive officer of Full House Resorts.

"We are especially proud of our strong performance in the face of significant construction work during the quarter at our properties. At Grand Lodge, for example, up to two-thirds of our casino was closed for renovation work during the quarter. We completed that extensive construction at Grand Lodge on June 30 and the fresh, new casino design has been well received by our guests. Table game volumes in July 2017, for example, increased seven per cent versus July 2016 and slot win increased by 13 per cent.”