Benzinga | Aug 11, 2021 07:05AM EDT

Full House Resorts Q2 Earnings Tops Estimate

* Full House Resorts Inc (NASDAQ:FLL) reported second-quarter FY21 revenue growth of 226.9% year-on-year, to $47.44 million, beating the analyst consensus of $45.59 million.

* Casino revenues rose 216.3% Y/Y, Food & Beverage increased 273.1%, and Hotel sales grew 249.1%.

* Revenues at Silver Slipper Casino and Hotel rose 165.7% Y/Y to $24.2 million, Rising Star Casino Resort increased 381.8%, and Bronco Billy's Casino grew 300%.

* Selling, general and administrative expenses increased 42.9% Y/Y to $14 million.

* The operating margin was 25.7%, and operating income for the quarter was $12.2 million.

* The company held $281.5 million in cash and equivalents as of June 30, 2021.

* Adjusted EBITDA was $14.9 Million, versus $(1.4) million last year.

* EPS of $0.15 beat the analyst consensus of $0.07.

* "As with last quarter, our financial results continue to benefit from structural changes throughout the company," said CEO Daniel R. Lee.

* Price Action: FLL shares closed lower by 3.22% at $8.12 on Tuesday.