Full House trims American Place construction budget to $302m
Full House Resorts said its permanent American Place casino in Waukegan, Illinois, now has a construction budget of $302m, down from $325m. President Lewis Fanger projected annual cash flow of $50m from the temporary casino and twice that from the permanent property. CEO Dan Lee said the temporary casino has no fixed opening deadline for its replacement, but must close by August 2027 absent a legislative reprieve.
Investors can weigh Full House’s lower construction budget against projected cash flow and the temporary casino’s closure deadline.