Full House Resorts is a casino operator in the U.S. with a potential for growth, despite its current low stock price. The company has been working on addressing investor concerns by showcasing its new properties in Cripple Creek, Colo., and Waukegan, west of Chicago. These properties have the potential to significantly boost the company’s profitability if they achieve 20 percent EBITDA returns.
CEO Dan Lee is a key figure in Full House’s success, with a hands-on approach to improving the properties and finding solutions to challenges. Despite some initial glitches in the property openings, management remains optimistic about the long-term success of Full House.
Cripple Creek, where one of Full House’s properties is located, is a market with great potential for tourism development. The layout of the town allows for future growth and development, making it an attractive location for casino investors like Tilman Fertitta and Michael Gaughan. The town already has tourist attractions that draw visitors, indicating a strong foundation for future growth.
The recent passing of gaming analyst Larry Klatzkin is a loss to the industry. Larry was a pioneer in covering gaming stocks on Wall Street and had a deep understanding of the industry. His dedication to the gaming sector for over 40 years is a testament to his passion for the industry.
In conclusion, Full House Resorts has the potential for significant growth with its new properties and the support of experienced investors in promising markets like Cripple Creek. Despite challenges, the company remains optimistic about its future success under the leadership of CEO Dan Lee. The legacy of analysts like Larry Klatzkin has paved the way for a better understanding of the gaming industry among investors and analysts today.
