{"id":313177,"date":"2024-03-05T20:28:01","date_gmt":"2024-03-06T02:28:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=313177"},"modified":"2024-03-06T11:12:18","modified_gmt":"2024-03-06T17:12:18","slug":"full-house-resorts-bullish-on-colorado-illinois-casinos","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/","title":{"rendered":"Full House Sees Waukegan Casino Opening in 2027, Claims It Tops Wynn, Bellagio"},"content":{"rendered":"

Full House Resorts (NASDAQ: FLL) delivered estimate-trailing fourth-quarter results on Tuesday. But the regional casino operator told investors it believes its American Place casino hotel will open in Waukegan, Illinois,\u00a0 in 2027, assuming a favorable outcome in litigation brought by a tribal rival.<\/p>\n

\"The
A blackjack dealer stands behind her table at The Temporary at American Place, a casino built by Full House Resorts. The operator believes the permanent version of the venue could open in 2027. (Image: The Temporary by American Place\/Facebook)<\/figcaption><\/figure>\n

Wisconsin\u2019s Potawatomi Band of Indians, which operates a gaming venue in Milwaukee, sued the city of Waukegan and the Illinois Gaming Board (IGB). The suit alleges foul play in the bidding process that ultimately awarded a license to Full House. That litigation was brought back to life<\/a> last year, but Illinois regulators have granted Full House a permit to operate The Temporary at American Place into 2027. Under Illinois law, temporary casinos have two years to transition to permanent venues, meaning that without that regulatory approval, American Place would have to open in 11 months.<\/p>\n

We were chosen for that license after a robust public process, whereby an independent consultant hired by the City of Waukegan rated the tribal proposal as being inferior in most respects to all four of the other proposals, including that of Full House Resorts,\u201d<\/strong> said Full House CEO Dan Lee in a statement. \u201cWe believe the lawsuit is without merit.\u201d<\/strong><\/p><\/blockquote>\n

He added that the IGB and Waukegan pushed the Illinois Supreme Court to review the case and the court agreed, noting a ruling is possible early next year.<\/p>\n

American Place Pivotal to Growth<\/h2>\n

In addition to The Temporary at American Place and the newly minted Chamonix Casino Hotel in Cripple Creek, Colorado, Las Vegas-based Full House runs a pair of gaming properties in Nevada, one in Indiana, Bronco Billy\u2019s in Cripple Creek, and the Silver Slipper in Mississippi.<\/p>\n

\n

The company said in the past that when the Cripple Creek and Waukegan venues fully ramp up, those properties will account for more revenue than its other casinos combined. That underscores the importance of American Place<\/a> to the operator\u2019s long-term success, and Lee\u2019s goal of tripling the size of Full House.<\/p>\n<\/div>\n

The bulk of the capital spending required to finish the permanent American Place won\u2019t be required until the back half of 2026 and into the following year. Lee noted Full House can fund most of it from operating cash flows, and\u00a0 he\u2019s confident Full House can make up the difference by issuing debt. Moody\u2019s Investors Service recently reiterated a corporate credit grade of \u201cCaa1\u201d with a \u201cstable\u201d outlook on Full House.<\/p>\n

Following a banner month of revenue in December, The Temporary notched $8.2 million in sales in January and more than $9 million in February, according to the operator.<\/p>\n

Chamonix Important, Too<\/h2>\n

Chamonix opened on December 27<\/a>, so it wasn\u2019t a major contributor to Full House\u2019s fourth-quarter results. But that could change in the coming quarters as the gaming company unveils more of the venue\u2019s amenities and opens more hotel rooms.<\/p>\n

The venue is easily the glitziest in Cripple Creek, and one of the most posh casino hotels in Colorado, prompting some interesting comparisons from Lee.<\/p>\n

I think we built the prettiest, not the biggest, but the prettiest regional casino in the whole country. You walk in and it’s every bit the quality that Wynn and Bellagio are, and we used a lot of the same designers,\u201d<\/strong> said the Full House chief executive on a conference call.<\/p><\/blockquote>\n

Lee was part of the Steve Wynn-led team that opened Bellagio in 1998.<\/p>\n","protected":false},"excerpt":{"rendered":"

Full House Resorts (NASDAQ: FLL) delivered estimate-trailing fourth-quarter results on Tuesday. But the regional casino operator told investors it believes its American Place casino hotel will open in Waukegan, Illinois,\u00a0 in 2027, assuming a favorable outcome in litigation brought by a tribal rival. Wisconsin\u2019s Potawatomi Band of Indians, which operates a gaming venue in Milwaukee, […]<\/p>\n","protected":false},"author":46,"featured_media":260649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,86430,86438,86431],"tags":[81903,86455,86457,87734],"acf":[],"yoast_head":"\nFull House Resorts Bullish on Colorado, Illinois Casinos<\/title>\n<meta name=\"description\" content=\"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Full House Resorts Bullish on Colorado, Illinois Casinos\" \/>\n<meta property=\"og:description\" content=\"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T02:28:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T17:12:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/\",\"url\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/\",\"name\":\"Full House Resorts Bullish on Colorado, Illinois Casinos\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg\",\"datePublished\":\"2024-03-06T02:28:01+00:00\",\"dateModified\":\"2024-03-06T17:12:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg\",\"width\":1024,\"height\":768,\"caption\":\"A blackjack dealer stands behind her table at The Temporary at American Place, a casino built by Full House Resorts. The operator believes the permanent version of the venue could open in 2027. (Image: The Temporary by American Place\/Facebook)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Full House Sees Waukegan Casino Opening in 2027, Claims It Tops Wynn, Bellagio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Full House Resorts Bullish on Colorado, Illinois Casinos","description":"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/","og_locale":"en_US","og_type":"article","og_title":"Full House Resorts Bullish on Colorado, Illinois Casinos","og_description":"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.","og_url":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-03-06T02:28:01+00:00","article_modified_time":"2024-03-06T17:12:18+00:00","og_image":[{"width":1024,"height":768,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/","url":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/","name":"Full House Resorts Bullish on Colorado, Illinois Casinos","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg","datePublished":"2024-03-06T02:28:01+00:00","dateModified":"2024-03-06T17:12:18+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Full House Sees Waukegan Casino Opening in 2027, Says Chamonix Can Rival Bellagio, Wynn.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/329376133_3504838163108207_3501252849243417095_n.jpeg","width":1024,"height":768,"caption":"A blackjack dealer stands behind her table at The Temporary at American Place, a casino built by Full House Resorts. The operator believes the permanent version of the venue could open in 2027. (Image: The Temporary by American Place\/Facebook)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/full-house-resorts-bullish-on-colorado-illinois-casinos\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Full House Sees Waukegan Casino Opening in 2027, Claims It Tops Wynn, Bellagio"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/313177"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=313177"}],"version-history":[{"count":5,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/313177\/revisions"}],"predecessor-version":[{"id":313229,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/313177\/revisions\/313229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/260649"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=313177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=313177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=313177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}