Full House Resorts released its Q3 earnings report on Nov. 8. Revenue increased 73% compared to Q3 2022, from $41.4 million to $71.5 million, according to the financial release.
The company, which operates The Temporary by American Place in Waukegan and has a sports betting skin in partnership with Circa Sports, cites its growth in Illinois as a reason for increased performance.
Temporary plans to open high-end steakhouse by year’s end
The Temporary by American Place became one of several Illinois casinos to come online in 2023 when it opened in February. It enjoyed a successful first stretch. PlayIllinois put together an in-depth review soon after it opened. The permanent American Place casino is expected to open in 2025.
In his earnings call, Full House Resorts President and CEO Daniel R. Lee spoke about the success of The Temporary so far.
“As envisioned, results at The Temporary by American Place continued to improve during the third quarter. Our table games business at The Temporary was strong initially, and continued to build as we hired more dealers and increased the number of available table games. Our slots business also continues to ramp up, aided by our guest database that continues to grow meaningfully in size with every passing week. As a result … revenues at The Temporary increased from the second quarter of this year, reaching $23.9 million. The Temporary’s available amenities also continue to expand, with the on-site sportsbook welcoming its first bets approximately one month ago.
“We are close to unveiling the last remaining amenity at The Temporary – North Shore Steaks and Seafood, the property’s high-end dining option – which we expect to open at the end of the fourth quarter.”
Full House Resorts expects this upward trajectory to continue as the initial costs of running a new casino start to level out, including marketing and hiring costs.
The addition of Circa Sports Illinois – both as a retail offering within The Temporary and an online partnered sportsbook – will continue to expand the company’s foothold in the state.
In the months since The Temporary opened, Illinois casinos have continued to make moves. Bally’s Chicago opened and secured a license to operate through 2026, until the planned opening of its permanent property. Hollywood Casino Aurora and Hollywood Casino Joliet plan to move to new lots in the coming years as well. Meanwhile, Golden Nugget Danville has received its final license.