Full House Resorts, Inc. (NASDAQ:FLL) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET

Company Participants

Lewis Fanger - Chief Financial Officer

Dan Lee - Chief Executive Officer

Conference Call Participants

Jordan Bender - JMP Securities

Ryan Sigdahl - Craig-Hallum Capital Group

Chad Beynon - Macquarie

Edward Engel - ROTH MKM

John DeCree - CBRE

Operator

Greetings, and welcome to the Full House Resorts Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Lewis Fanger, CFO of Full House Resorts. Please go ahead.

Lewis Fanger

Thank you, and good afternoon, everyone. Welcome to our second quarter earnings call. Before we begin, we did post some slides on the website. So if you go to investors.fullhouseresorts.com you'll see that bronze banner. And if you hover over company info, you can go to the presentation section and find some of the slides that we'll discuss today, including a bunch of current photos of some work going on at Chamonix. As always, before we begin, we remind you that today's conference call may contain forward-looking statements that we're making under the Safe Harbor provision of federal securities laws.

I'd also like to remind you that the Company's actual results could differ materially from the anticipated results in these forward-looking statements. Please see today's press release under the caption Forward-Looking Statements for the discussion of risks that may affect our results. Also, we may make reference to non-GAAP measures such as adjusted EBITDA. For a reconciliation of those measures, please see our website as well as the various press releases that we issue. And lastly, we're broadcasting this conference call at fullhouseresorts.com, where you can find today's earnings release as well as all of our SEC filings.

And with that said, ready to go, Dan.

Dan Lee

All right. It's kind of a complicated quarter, so I'm going to figure out where to start. But we're busy these days and the business kind of falls into four categories. One is still ramping up the temporary. This was its first full quarter of operations, and it did well and it is getting better. The table games is starting to be a bigger factor, and we're still hiring more dealers. We now rank third in the state and table games as of the July numbers that came out yesterday. Our steakhouse should arrive in late September. It's disappointingly late. It's basically a large diner. It's coming in seven trucks, and they're trying to line up the permits to bring these oversized trucks from Florida to Illinois. And it's got to be assembled and opened. So it probably doesn't get open until sometime in the fourth quarter.