Home » NEWS » Silver Slipper Casino parent company annouces $2.3 million quarterly loss

Silver Slipper Casino parent company annouces $2.3 million quarterly loss

Casino_rouletter_wheel RGBThis morning, Full House Resorts (NASDAQ: FLL), owner of Silver Slipper Casino in Hancock County, announced results for the quarter and year ending Dec. 31, 2013.

Net loss attributable to the Las Vegas-based company for the quarter was $2.3 million, or $0.13 per common share, compared to $0.8 million, or $0.04 per common share, in the prior-year period.

At its Silver Slipper, fourth quarter revenue was $11.6 million compared to $12.9 million in the prior-year quarter primarily due to “overall market weakness,” the company said.

“We were disappointed with our fourth quarter results, as increased competition and adverse weather conditions led to lower-than-expected performance,” said Andre Hilliou, Full House chairman and CEO. “On the positive side…construction continues on the hotel at our Silver Slipper property in Mississippi. We remain focused on building Full House as a locals-oriented regional casino company and continue to evaluate opportunities to achieve this end in a measured and conservative manner.”

Operating expenses for the fourth quarter were $32.4 million, down from $38.6 million in the prior-year period. The decrease included $1.1 million of cost reductions at the Silver Slipper, purchased in 2012.

For 2013, Full House had total revenue of $144.7 million, compared to $128.8 million in the prior year, primarily due to additional $38.8 million in revenue from the Silver Slipper.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Frank Brown

Leave a Reply

Your email address will not be published. Required fields are marked *