Full House Resorts, a prominent casino operator, has inaugurated the Temporary by American Place, a $100 million interim casino venue situated in Lake County, Illinois. This temporary establishment serves as a precursor to the grand opening of the anticipated $400 million American Place casino, scheduled for late 2025. The Temporary by American Place introduces a diverse range of gaming options to the region, signaling Full House Resorts’ commitment to enhancing the local entertainment landscape.
The Temporary Casino Experience:
Lake County now boasts its first casino, the Temporary by American Place, which has been strategically established to provide patrons with an exciting gaming environment until the larger American Place casino is ready. This interim venue is outfitted with approximately 1,000 slot machines and 50 table games, catering to a wide spectrum of gaming preferences. Alongside its gaming offerings, the venue also hosts a variety of food and beverage outlets, enhancing the overall entertainment experience for visitors.
Acknowledging Contributions and Collaboration:
Daniel Lee, Full House Resorts’ President and CEO, expressed gratitude towards the Illinois Gaming Board and its staff for their invaluable support during the construction and preparation phases of the Temporary by American Place. He also acknowledged the dedication of the company’s approximately 500 founding employees, who played a pivotal role in ensuring the successful launch of the temporary casino. Lee’s sentiments reflect the collaborative effort that has gone into making this milestone a reality.
Full House Resorts’ Financial Snapshot:
In the third quarter of 2022, Full House Resorts reported revenue amounting to $41.4 million, reflecting a 12 percent decrease compared to the previous year. The company’s adjusted EBITDA, a key performance indicator in the gaming industry, stood at $7.8 million. These financial figures provide insight into the company’s operational dynamics and its positioning in the market.
Advancing Online Gambling Legislation:
In a parallel development, Illinois State Senator Christina Castro has introduced SB 1656, a legislative proposal aimed at legalizing online casino gaming within the state. Castro’s persistent efforts to promote online casino legislation have led to the bill’s referral to the Senate Assignment Committee. The proposed legislation envisions allowing internet gaming operators to operate up to three branded skins, potentially fostering healthy competition and variety. Additionally, the bill’s language suggests a potential allowance for interstate poker, marked by the mention of “acceptance of out-of-state wagers.”
The introduction of the Temporary by American Place by Full House Resorts marks a significant step in the evolution of gaming and entertainment options in Lake County, Illinois. As the region eagerly awaits the arrival of the larger American Place casino, the interim venue provides a preview of the exciting offerings to come. Furthermore, Senator Christina Castro’s persistent pursuit of online casino legislation showcases the state’s openness to modernizing its gambling landscape. As these developments unfold, Full House Resorts and Illinois are poised to embrace a dynamic future in the realm of gaming and entertainment.