The company’s social gaming division includes such apps as Bingo Showdown, MONOPOLY and Jackpot Party Social Casino and is one of its fastest growing segments.
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The Las Vegas-based company – which operates casinos, the PT’s Pub chain and a network of slot machines and video poker in bars, grocery stores and other locations – on Thursday reported a $3.1 million loss for the three months ending Sept. 30. That’s compared to about $8.5 million in profit during the same period last year.
Full House reported revenue was flat for the quarter that ended Sept. 30 compared with last year, missing analysts’ estimates. The company reported net income of $1.6 million, 4 cents a share, on revenue of $44 million. For the same quarter a year earlier, Full House reported net income of $789,000, 3 cents a share, on revenue of $43.7 million.
The Reno-based gaming operator is enjoying the benefits of a strong U.S. economy while its bigger peers are getting battered by headwinds in Macau and slow growth onthe Strip.
Former Wynn Resorts Ltd. Chairman and CEO Steve Wynn has filed a lawsuit attempting to block the public release of an investigative report by the Massachusetts Gaming Commission.