Consolidated Net Revenues Increased 14.1% from Fourth Quarter of 2014 - Adjusted EBITDA for the Fourth Quarter of 2015 Improved to $2.6 Million from $368,000 in the Prior-Year Period
For the fourth quarter of 2015, consolidated net revenues are expected to be in the range of $29.9 million to $30.6 million, compared to $26.7 million in the fourth quarter of 2014. Consolidated operating income for the fourth quarter of 2015 is expected to be in the range of $0.5 million to $1.2 million, compared to an operating loss of $4.8 million for the fourth quarter of 2014.
Net Income for the Third Quarter of 2015 Rose to $2.0 Million, or $0.11 per Common Share
Purchase Price is Approximately 5.9x Adjusted EBITDA, as Defined in the Purchase Agreement - Acquisition Will Diversify the Company's Geographic Presence and Cash Flows - Acquisition is Expected to Be Immediately Accretive
Adjusted EBITDA Increases Significantly Despite Expiration of Tribal Management Contract in September 2014; Operating Income Also Improves
Plan would create $85 million per year in incremental state and local revenues and generate thousands of construction and permanent jobs - Proposal calls for relocation of a portion of the gaming capacity at Full House’s casino in Rising Sun, Indiana
Adjusted EBITDA from Ongoing Operations Increases From Prior-Year Period
mends Credit Facilities - Plans to Add Suites to New Silver Slipper Casino Hotel - Schedules Annual Meeting of Stockholders on May 5, 2015 - Announces Change to Its Board of Directors
Mr. Lee was previously the Chairman and Chief Executive Officer of Pinnacle Entertainment, a large regional casino company. In that role, he oversaw successful properties in each of the principal markets where Full House operates. Prior thereto, during the 1990s, he was the Chief Financial Officer and Senior Vice President of Finance and Development of Mirage Resorts.
Full House Resorts Announces Three and Nine-Month Results for the Period Ended September 30, 2014