Full House Resorts, a casino operator, reported a net loss for 2022 due to a decline in revenue and construction impact.
Full House saw year-on-year growth both in Nevada and its contracted sports betting section, but its revenue declined in Mississippi, its core market as well as in Colorado, Indiana, and Colorado.
Operator said that the main reason for the year-on-year drop was because players in 2021 were issued government stimulus checks to help the economy recover from the pandemic. These were not issued in 2022 as the economy had sufficiently recovered to allow the government withdraw the stimulus checks.
