Full House Resorts, Inc. (FLL): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique des opérations de casino et de villégiature, Full House Resorts, Inc. (FLL) navigue dans un paysage complexe de défis et d'opportunités. Cette analyse complète du pilon dévoile le réseau complexe de facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui façonnent la trajectoire stratégique de l'entreprise. Des réglementations de jeu nuancées du Nevada aux technologies émergentes transformant les expériences des clients, FLL se tient à l'intersection de l'innovation, de la conformité et de l'adaptation du marché. Plongez dans cette exploration pour découvrir les forces multiformes à l'origine de l'un des acteurs les plus intrigants de l'industrie hôtelière.

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs politiques

Variation des réglementations de jeu par État

En 2024, Full House Resorts exploite des casinos dans plusieurs États avec des environnements réglementaires distincts:

État	Emplacements de casino	Corps réglementaire	Exigences réglementaires clés
Nevada	Casino de sable argenté	NEVADA Gaming Control Board	Règlements stricts sur les licences et la conformité
Indiana	Casino en étoile montante	Commission de jeu de l'Indiana	Opérations de casino à bateaux fluviaux limités

Les effets de la politique du gouvernement local

Les facteurs politiques influençant les licences de casino comprennent:

• Considérations de recettes fiscales locales
• Priorités de développement économique communautaire
• Changements potentiels dans les ordonnances de jeu locales

NEVADA ET INDIANA CASINO MARCHE PLADAGE POLITIQUE

Environnement politique du Nevada:

• Les revenus des jeux ont contribué 13,4 milliards de dollars à l'économie de l'État en 2023
• Soutien continu pour le développement de l'industrie du casino

Environnement politique de l'Indiana:

• Les recettes fiscales du casino ont atteint 606,4 millions de dollars au cours de l'exercice 2023
• Discussions en cours sur l'expansion des licences de casino

Impact potentiel de la législation du jeu fédéral

Considérations législatives fédérales clés:

Domaine législatif	Impact potentiel sur FLL	État actuel
Règlement sur le jeu en ligne	Expansion potentielle du marché	Examen fédéral en cours
Compacts de jeu interétatiques	Possibilité de nouvelles opportunités de marché possibles	Implémentation actuelle limitée

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs économiques

Fluctuations économiques et dépenses discrétionnaires

Les revenus de Full House Resorts sont directement corrélés avec les modèles de dépenses discrétionnaires. Au troisième trimestre 2023, la société a déclaré des revenus nets de 54,1 millions de dollars, reflétant la sensibilité aux conditions économiques.

Indicateur économique	Impact sur les stations balnéaires complètes	Valeur 2023
Revenu discrétionnaire	Corrélation des revenus directs	54,1 millions de dollars (Q3)
Revenus de jeux	Flux de revenu primaire	41,3 millions de dollars (Q3)
Revenu opérationnel	Métrique de performance économique	8,2 millions de dollars (Q3)

Conditions économiques régionales

Full House Resorts opère sur plusieurs marchés, notamment le Nevada et le Colorado, avec des sensibilités économiques variables.

Marché	Vulnérabilité économique	2023 Performance du marché
Nevada	Dépendance touristique élevée	32,7 millions de dollars de revenus
Colorado	Stabilité économique modérée	Revenu de 21,4 millions de dollars

Évaluation des risques de récession

Vulnérabilité du tourisme et des dépenses de divertissement: Le ralentissement économique potentiel pourrait avoir un impact significatif sur les revenus des casinos.

Indicateur de récession	Impact potentiel	Stratégie d'atténuation
Indice de dépenses de consommation	Réduction potentielle de 15 à 20%	Offres de jeux diversifiés
Taux de chômage	Baisse potentielle des revenus	Stratégies de gestion des coûts

Stratégies de tarification compétitives

Full House Resorts adapte les stratégies de tarification pour maintenir la compétitivité du marché pendant les pressions économiques.

Stratégie de tarification	Adaptation économique	2023 Implémentation
Prix ​​dynamique	Ajustements du marché en temps réel	Mis en œuvre dans les propriétés
Offrandes promotionnelles	Contre-ralentissement économique	Budget marketing de 2,5 millions de dollars

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs sociaux

Changement démographique des populations de casino

Selon le rapport de l'American Gaming Association en 2023, la rupture de l'âge des visiteurs de Casino montre:

Groupe d'âge	Pourcentage de visiteurs de casino
21-34 ans	22.3%
35 à 49 ans	34.6%
50-64 ans	28.9%
65 ans et plus	14.2%

Accent croissant sur les pratiques de jeu responsables

Le Conseil national sur le jeu problématique signalé en 2023:

• 2,5% des adultes américains (environ 6,8 millions de personnes) ont un trouble de jeu
• Coûts de traitement de jeu problématique estimés à 5,3 milliards de dollars par an
• 39 États ont mis en œuvre des programmes de jeu responsables

Changer les préférences des consommateurs dans les expériences de divertissement et de jeu

Préférence de divertissement	Pourcentage de visiteurs de casino
Machines à sous traditionnelles	42.7%
Jeux numériques / interactifs	33.5%
Jeux de table en direct	23.8%

Demande croissante d'expériences de villégiature intégrées

La recherche hôtelière de CBRE 2023 indique:

• 68% des visiteurs du casino désirent les équipements non-créneaux
• Dépenses moyennes en activités de non-crédits: 247 $ par visite
• Attractions de villégiature intégrées les plus importantes:
  • Gastronomie: 42%
  • Divertissement en direct: 35%
  • Services de spa: 23%

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs technologiques

Implémentation de systèmes de paiement numérique dans les opérations de casino

Full House Resorts a intégré plusieurs technologies de paiement numérique sur ses plateformes de casino. Depuis 2024, la société soutient:

Mode de paiement	Taux d'adoption	Volume de transaction
Paiements de portefeuille mobiles	62.4%	14,3 millions de dollars par trimestre
Transactions de crypto-monnaie	17.6%	3,7 millions de dollars par trimestre
Systèmes de crédit numérique	78.9%	22,1 millions de dollars par trimestre

Adoption de technologies de sécurité avancées pour les plateformes de jeu

Investissement en cybersécurité: 2,6 millions de dollars par an dans une infrastructure de sécurité avancée.

Technologie de sécurité	Statut d'implémentation	Coût
Authentification biométrique	Entièrement implémenté	$750,000
Vérification de la blockchain	Mise en œuvre partielle	$450,000
Détection de fraude IA	Développement actif	1,4 million de dollars

Technologies de jeu mobiles et en ligne émergentes

Statistiques de la plate-forme de jeu mobile:

• Téléchargements d'applications mobiles: 287 000 en 2023
• Revenus de jeux en ligne: 42,5 millions de dollars par an
• Engagement des utilisateurs mobiles: 64,3% des utilisateurs totaux de plate-forme numérique

Analyse des données pour l'expérience client personnalisée et le marketing

Catégorie d'analyse	Points de données suivis	Impact de la personnalisation
Analyse du comportement client	14 mesures distinctes	37% ont augmenté les taux de rétention
Marketing prédictif	8 segments ciblés	Taux de conversion 22% plus élevés
Moteur de recommandation en temps réel	3,2 millions de profils de clients	29% de soulèvement des dépenses des clients

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations de jeux complexes dans plusieurs juridictions

Full House Resorts, Inc. opère sous des licences de jeu au Nevada et au Colorado, nécessitant un respect strict des réglementations spécifiques à l'État.

Juridiction	Type de licence de jeu	Coût annuel de conformité	Fréquence de renouvellement
Nevada	Licence d'opérateur de casino	$487,500	Annuel
Colorado	Licence de jeu limitée	$265,000	Annuel

Défis juridiques en cours dans les licences et opérations du casino

Procédure judiciaire active à partir de 2024:

• Examen réglementaire en attente de l'expansion du casino de pantoufle d'argent
• Audit de conformité dans la juridiction des jeux du Colorado
• Dispute fiscale en cours avec la Commission des jeux du Nevada

Changements réglementaires potentiels affectant la propriété et la gestion du casino

Zone de réglementation	Impact potentiel	Coût de conformité estimé
Restrictions de propriété de l'entreprise	Limitations de pourcentage de propriété potentielle	$750,000
Règlement anti-blanchiment	Exigences de rapports améliorées	$425,000

Considérations de propriété intellectuelle et de marque dans l'industrie du jeu

Portefeuille de marques:

• 7 marques enregistrées
• 3 Applications de marque en attente
• Coût annuel de protection de la propriété intellectuelle: 215 000 $

Catégorie de marque	Nombre d'inscriptions	Juridiction de protection
Noms de marque de casino	4	États-Unis
Technologie de jeu	2	Nevada
Logos marketing	1	Multi-États

Full House Resorts, Inc. (FLL) - Analyse du pilon: facteurs environnementaux

Initiatives d'efficacité énergétique dans les propriétés du complexe et du casino

Full House Resorts a mis en œuvre des mesures d'efficacité énergétique spécifiques à travers ses propriétés:

Propriété	Économies d'énergie annuelles	Conversion d'éclairage LED	Mise à niveau de l'efficacité du CVC
Casino de pantoufle d'argent	12,4% de réduction	87% des luminaires	214 000 $ Investissement
Casino en étoile montante	Réduction de 9,7%	73% des luminaires	186 500 $ d'investissement

Efforts de durabilité pour réduire l'impact environnemental des opérations de casino

Les mesures de durabilité pour les stations balnéaires complètes comprennent:

• Conservation de l'eau: 22% de réduction de la consommation d'eau depuis 2020
• Équipement certifié Energy Star: 64% des équipements de jeu
• Aachat d'énergie renouvelable: 18% de l'énergie totale provenant de sources vertes

Programmes de gestion et de recyclage des déchets dans les installations de villégiature

Catégorie de déchets	Volume annuel	Taux de recyclage	Décharge de décharge
Gaspillage papier	42 tonnes	68%	28,5 tonnes
Déchets plastiques	17,6 tonnes	52%	9,2 tonnes
Gaspillage alimentaire	63 tonnes	41%	37,2 tonnes

Stratégies potentielles de réduction de l'empreinte carbone dans le secteur de l'hôtellerie

Stratégies de réduction du carbone mises en œuvre par les stations balnéaires complètes:

• Programme de compensation de carbone: 75 000 $ Investissement annuel
• Stations de charge des véhicules électriques: 6 emplacements
• Cibles de certification du bâtiment vert: LEED Silver pour les nouveaux développements

Full House Resorts, Inc. (FLL) - PESTLE Analysis: Social factors

You're looking at how people's habits are reshaping the casino floor, which is critical for a regional operator like Full House Resorts, Inc. The social environment is pushing you away from just slot machines and toward being a full-blown destination. Honestly, if your properties aren't offering more than just gaming, you're going to struggle to keep pace with what modern patrons expect.

Shifting consumer preference toward integrated resort experiences over simple gaming floors

The industry trend is clear: simple gaming floors are out; integrated resort experiences are in. This isn't just a Las Vegas thing anymore; it's the standard for regional players too. The global casino resort market, valued at approximately USD 24.88 billion in 2025, is seeing its growth shaped by this shift, even as overall market size slightly contracts from 2024's USD 25.14 billion. Full House Resorts, Inc. is clearly aligning with this by rebranding as a "locals-oriented" regional casino company and focusing on expansion that includes lodging and entertainment. Non-gaming amenities are no longer optional extras; they are the core strategy to lengthen stays and secure revenue diversification.

Increased demand for non-gaming amenities like high-end dining and entertainment

Patrons are demanding a holistic entertainment package. For Full House Resorts, Inc., this means concrete investments. The planned permanent American Place Casino is set to feature four restaurants and a 1,500-seat venue for performances, showing a direct response to this demand. Similarly, the Silver Slipper Casino and Hotel in Mississippi is moving forward with a much-needed hotel component because it currently loses overnight customers. Here's the quick math: when you build a hotel where there was none, you capture revenue from guests who would otherwise leave after their gaming session ends. What this estimate hides is the precise non-gaming revenue contribution for Full House Resorts, Inc. in 2025, as public filings often group these streams.

Key amenity focus areas driving visitation include:

• Luxury accommodations and spas.
• World-class dining experiences.
• Large-scale entertainment shows.
• Convention and meeting spaces.

Aging core customer base and the need to attract younger, digitally-native patrons

While a significant portion of the US population gambles-53% of adults visited a casino in the past year-the industry must court the next generation. Younger guests, in particular, are amenity-driven; over 80 percent of them look for non-gaming features like bars, pools, music venues, and esports lounges when choosing where to spend their time. These digitally-native patrons also expect modern transaction methods, making digital wallets and cashless chips a standard expectation, not a novelty. Full House Resorts, Inc. has a large existing base, with American Place Casino reporting over 100,000 members in its player database as of Q2 2025, but attracting younger visitors requires modernizing the overall resort feel.

Local community support or opposition to casino operations and expansion projects

Community perception directly impacts the feasibility and timeline of expansion projects, like the permanent American Place facility. Full House Resorts, Inc. actively works to be a good neighbor, highlighting community efforts and strong employee metrics. As of April 1, 2025, of their 1,933 property employees, 68% were female or ethnically diverse. The company supports local nonprofits such as Toys for Tots and the Boys and Girls Club. This local engagement is crucial for maintaining the social license to operate and expand, especially when seeking approvals for new developments in regions like Waukegan, Illinois, or Hancock County, Mississippi.

Full House Resorts, Inc. Social Engagement Snapshot (as of early 2025)

Metric	Value/Detail
Total Property Employees (April 1, 2025)	1,933
Female/Diverse Employees	68%
American Place Recognition	2025 Top Workplace by USA Today
Community Support Examples	Toys for Tots, local food drives

If community pushback delays the permanent American Place opening past the targeted 2027 date, cash flow from the temporary site will be even more critical. Finance: draft 13-week cash view by Friday.

Full House Resorts, Inc. (FLL) - PESTLE Analysis: Technological factors

You're looking at how technology is shaping the competitive landscape for Full House Resorts, Inc. right now, and honestly, it's all about efficiency and customer capture. For a company heavily invested in growth projects like the permanent American Place casino, tech isn't a luxury; it's the engine for margin improvement. We need to see clear returns on these digital outlays.

Need for continuous investment in mobile sports betting platforms and iGaming infrastructure

While Full House Resorts, Inc. is focused on its land-based expansion, the broader industry demands a strong digital presence. You should know that the company's existing contracted sports agreements are set to end by the close of 2025, which means a strategic decision on future mobile sports betting partnerships or in-house infrastructure is imminent. The market for legal iGaming revenue grew significantly, reaching $8.4 billion across seven states in 2024, showing where the consumer wallet is heading. For Full House Resorts, Inc., this isn't just about taking bets; it's about maintaining a touchpoint with customers when they aren't physically on the property, especially as they look to finance the massive permanent American Place project, budgeted now at $302 million, excluding capitalized interest.

Use of data analytics and AI to personalize marketing and optimize slot machine floor layouts

This is where the rubber meets the road for profitability, especially at the newer properties. Full House Resorts, Inc. is actively deploying business intelligence tools. For instance, the temporary American Place facility is a beta site for Oracle Analytics, integrated within Konami Gaming, Inc.'s SYNKROS casino management system. This focus on data is paying off; the American Place database surpassed 115,000 members by the third quarter of 2025, demonstrating successful database building that drove its win per patron above the Illinois state average in March 2025. At Chamonix Casino Hotel, management is already using more targeted ways to advertise, which helped table game revenues jump 53% year-over-year in Q3 2025.

Here's a quick look at how technology is translating into operational wins:

Metric/System	Property/Context	2025 Data Point
SYNKROS Integration (TITO)	Portfolio-wide goal	Potential annual cage cost savings of $700,000
Oracle Analytics Beta	American Place	Database grew past 115,000 members by Q3 2025
Operational Efficiency	Chamonix	FTE count reduced by 13% (373 to 325) in Q3 2025
Capital Investment Focus	Permanent American Place	Project budget reduced to $302 million (from $325 million)

What this estimate hides is the initial cost of integrating and training staff on these new systems, which can temporarily elevate operating expenses, as seen with the elevated costs at Chamonix in Q2 2025.

Implementing advanced security and surveillance systems to meet regulatory compliance

In the gaming world, surveillance isn't optional; it's foundational to regulatory adherence and asset protection. Full House Resorts, Inc. leverages its enterprise-wide system, SYNKROS, across its portfolio, which includes the necessary tools for monitoring gaming floors and ensuring compliance in states like Illinois and Colorado. While specific capital spend on new surveillance hardware for 2025 isn't itemized, the ongoing maintenance and integration of these systems are baked into the operational budget. If onboarding new surveillance tech takes 14+ days longer than planned, regulatory sign-off risk rises.

Upgrading property management systems (PMS) for seamless guest experience across resorts

The push for a unified guest journey is clear, especially with the planned integration between the temporary and permanent American Place facilities. Full House Resorts, Inc. is expanding the SYNKROS casino management system to American Place, ensuring that earned rewards and customer relationships move seamlessly to the new facility when it opens. This system upgrade is a direct play for customer retention and operational synergy. The projected $700,000 annual savings from unifying TITO (Ticket-In, Ticket-Out) processing into a single cage is a concrete example of how a better PMS architecture directly improves the bottom line.

Finance: draft 13-week cash view by Friday

Full House Resorts, Inc. (FLL) - PESTLE Analysis: Legal factors

You're navigating a minefield of state-specific gaming laws while trying to get your big Illinois project across the finish line. For Full House Resorts, the legal landscape is less about one big federal rule and more about juggling the specific demands of every state where you hold a license. This means compliance isn't just a suggestion; it's the cost of staying open.

Strict adherence to varying state and federal anti-money laundering (AML) regulations

As a casino operator across multiple states, Full House Resorts must maintain rigorous Anti-Money Laundering (AML) programs. This isn't just about federal Bank Secrecy Act compliance; it means tailoring procedures to the specific requirements of the Nevada Gaming Control Board, the Illinois Gaming Board, and others. Failure here can lead to massive fines or, worse, license suspension. Honestly, the recent data breach in November 2025, exposing Social Security numbers across properties like Grand Lodge Casino and American Place Casino, highlights a critical legal exposure point: data privacy and security compliance are now inseparable from gaming compliance. The company is providing two years of Experian IdentityWorks credit monitoring to affected individuals, which is a direct response to potential legal liability from that November 2025 incident.

Licensing renewals and compliance checks by gaming commissions in multiple jurisdictions

Keeping the lights on means constantly satisfying the various gaming commissions. Full House Resorts operates in at least five states, each with its own renewal cycle and scrutiny level. For example, in Nevada, their registration order requires them to maintain a compliance program and fund a $25,000 revolving fund for investigative reviews by the Board. The complexity is clear when you look at the sheer scale of their operations: they pay over $25 million a year in state gaming taxes and employ over 500 people across these regulated entities. You need to budget for these ongoing compliance costs and the administrative time required to manage them.

Here's a snapshot of the jurisdictions requiring constant legal attention:

• Illinois: Permanent American Place licensing hurdles.
• Nevada: Ongoing compliance with existing registration.
• Colorado: Maintaining suitability for Chamonix and Bronco Billy's.
• Mississippi: Compliance for Silver Slipper Casino.
• Indiana: Regulatory oversight for Rising Star Casino Resort.

Labor laws and union negotiations impacting staffing and operational flexibility

With over 500 employees across its properties as of late 2025, labor law compliance is a major operational factor. While the search results don't detail specific 2025 union negotiations, any collective bargaining agreement (CBA) directly impacts the cost structure and scheduling flexibility at properties like Silver Slipper Casino or Rising Star Casino Resort. If onboarding new staff takes longer than expected due to state-specific hiring regulations or if union contracts restrict scheduling, your ability to ramp up service levels-especially at growing venues like American Place-gets constrained. Defintely, any labor dispute is a direct hit to operational uptime.

Potential for litigation related to construction delays or environmental impact of new projects

The biggest legal headache for Full House Resorts has been the development of the permanent American Place facility in Waukegan, Illinois. While the temporary casino is running, the permanent build has been plagued by litigation, specifically a lawsuit from the Forest County Potawatomi Community that previously halted construction plans. Although the company received unanimous site approval from the Waukegan City Council in the third quarter of 2025, the history shows how quickly a project can stall pending a court decision. Furthermore, the legal environment is active; a new class action lawsuit, Monroe v. Full House Resorts, Inc., was filed in the U.S. District Court for the District of Nevada on November 24, 2025, showing that litigation risk is current, not just historical.

Here's a quick look at recent legal events that tie directly to operations and development:

Legal Event/Area	Jurisdiction	Date/Status (as of 2025)	Financial/Operational Impact
American Place Permanent Construction Litigation	Illinois	Awaiting final resolution after previous delays.	Delayed realization of projected $100 million run-rate EBITDA.
Data Security Incident Disclosure	Multiple (NV, IL, CO, MS, IN)	Disclosed November 14, 2025.	Cost of providing two years of credit monitoring services to affected individuals.
Nevada Gaming Compliance Fund	Nevada	Ongoing requirement.	Must maintain a $25,000 revolving fund for investigative reviews.
New Class Action Lawsuit Filed	Nevada District Court	Filed November 24, 2025.	Defense costs and potential settlement/judgment exposure.

You need to ensure the legal team has a clear, prioritized action plan for the Nevada litigation while simultaneously tracking any environmental review requirements that might pop up for future expansions or renovations at your existing sites.

Finance: draft 13-week cash view by Friday

Full House Resorts, Inc. (FLL) - PESTLE Analysis: Environmental factors

You're managing a resort portfolio that spans arid regions and population centers, so environmental compliance isn't just about being green-it's about operational continuity and capital risk. The pressure from regulators and investors on resource management is only tightening as we move through 2025.

Increasing regulatory focus on energy efficiency for large-scale resort operations

The trend toward stricter energy codes is real, and it affects how you plan capital expenditures for renovations and new builds. While California is pushing its 2025 Energy Code to expand heat pump use and strengthen ventilation standards for permits applied for after January 1, 2026, this signals a national direction that operators like Full House Resorts must anticipate across all jurisdictions. Honestly, this means your next major HVAC overhaul at Grand Lodge Casino or the permanent American Place needs to bake in higher efficiency standards now to avoid costly retrofits later.

Full House Resorts has publicly acknowledged this by stating plans to expand its focus on ESG issues, specifically mentioning conserving energy as a structured initiative going forward.

• Plan for higher efficiency HVAC systems.
• Model future CapEx for renewable energy integration.
• Review building envelope performance annually.

Managing water usage, especially in drought-prone regions like Nevada and Colorado

Water scarcity is a direct threat to your properties in the West, particularly with the ongoing Colorado River stress. For Nevada, where Grand Lodge Casino operates, the situation is acute: the Bureau of Reclamation reduced Nevada's 2025 allocation by 7%, which equates to a loss of 21,000 acre-feet due to a Level 1 Shortage Condition. Remember, one acre-foot is roughly 325,000 gallons of water.

Furthermore, Nevada's 2021 law banning the use of Colorado River water for decorative grass after 2026 is forcing proactive changes; properties converting turf are saving millions of gallons annually, with some conversions saving over 25 million gallons per year. Your Chamonix property in Colorado is also in a basin facing cuts, as Lower Basin users in the US face a total reduction of about 1,033,000 acre-feet in 2025.

Here's the quick math on the scale: Nevada, Arizona, and California combined receive 7.5 million acre-feet annually from the river, so a 7% cut to Nevada is significant for local operations. What this estimate hides is the operational cost of switching to drought-resistant landscaping, but the alternative is potential mandatory restrictions.

Region/Metric	2025 Impact/Data Point	Relevance to Full House Resorts
Nevada Water Allocation Cut (2025)	7% reduction (21,000 acre-feet)	Direct operational risk for Grand Lodge Casino.
Colorado River Lower Basin Total Allocation	7.5 million acre-feet annually	Context for regional water stress impacting Chamonix.
Nevada Turf Ban Deadline	End of 2026	Requires immediate planning for landscape conversion at any NV properties.
Water Savings from Turf Conversion	Up to 75% less water used by drip irrigation	Actionable benchmark for water conservation projects.

Corporate pressure to adopt Environmental, Social, and Governance (ESG) reporting standards

You can't ignore the boardroom chatter; investors, regulators, and consumers are demanding more direct engagement on ESG issues, and Full House Resorts recognizes this shift. To address this, the company is planning to formalize its approach, including structured initiatives for conserving natural resources. This isn't just about carbon; it's about social metrics too. For instance, as of April 1, 2025, Full House Resorts reported that 68% of its 1,933 full- and part-time property employees were female or ethnically diverse.

The move to formalize reporting is key. They have already commissioned a corporate responsibility report specifically for American Place, which is a good start.

• Develop clear, measurable resource reduction targets.
• Integrate ESG metrics into executive scorecards.
• Ensure supply chain procurement reflects ethical sourcing goals.

Local impact assessments required for new construction, like the Chamonix development

Every new development, like the Chamonix Casino Hotel in Cripple Creek, Colorado, faces intense local scrutiny regarding its environmental footprint, even after the initial build. While Chamonix is largely complete-with a final budget around $250 million reflecting earlier construction cost increases-future projects, such as the permanent American Place in Illinois which is seeking $325 million in financing, will face similar or stricter environmental reviews.

The focus will be on sustainable construction methods, waste management during the build, and long-term site integration. If onboarding takes 14+ days for necessary local permits due to environmental reviews, project timelines definitely slip.

Finance: draft 13-week cash view by Friday.