Full House Resorts Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Net income attributable to the company for the three months ended March 31, 2013 was $0.6 million, or $0.03 per common share, compared to net income of $25.8 million, or $1.38 per common share, in the prior-year period. Excluding a $40.8 million gain on sale of the company's interest in Gaming Entertainment (Michigan), LLC and its FireKeepers management agreement, and a $1.7 million pre-tax loss on debt extinguishment in the first quarter of 2012, the company would have reported net income attributable to the Company per common share of $0.03 for the three months ended March 31, 2012. Adjusted EBITDA, for the first quarter of 2013 was $5.7 million versus $5.2 million in the prior-year period. For the quarter ended March 31, 2013, the company reported casino, food and beverage, and other revenue (other than management fees) of $38.6 million, up from $27.5 million in the prior-year period, primarily due to the addition of the Silver Slipper Casino on October 1, 2012 and partially offset by a $3.0 million decline in revenue from the Rising Star Casino Resort due to increased competition. The company reported operating income of $3,111,000, income before income taxes of $1,223,000 against operating income of $46,324,000, income before income taxes of $43,884,000 a year ago.

Full House Resorts Inc., Q1 2013 Earnings Call, May 09, 2013

Full House Resorts Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 09, 2013