Aug. 26 at 4:51 PM
$FLL FLL outlook August 26, 2026
My basic outlook on the company and the stock remains the same as it has ever since they announced their big investment in Cripple Creek. That is, Chamonix will remain almost impossible to get a decent return from. Waukegan will be a good investment but not quite up to the expectations the company set. Dan anticipated 150 million EBITDA by Feb 2024 and 200 million by 2025. With 650 million in debt. They bought Bronco Billy’s for 30 million and it did around 6 million in EBITDA. As I said when they opened Chamonix, I thought they’d have to work really hard just to get back to 6 million in EBITDA in Cripple Creek. I think one of the things most investors don’t understand is how many less gaming positions they have in Cripple Creek now compared to before Chamonix. According to the CO gaming FLL had 876 devices 3/31/2019 and 569 devices 7/31/2026. Only 207 slots are at Chamonix. Despite spending 300million on Chamonix most slots are still at Bronco Billy’s
