Full House Resorts, Inc.

Good day, and welcome to the Full House Resorts Third Quarter Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Louis Sanger, Chief Financial Officer of Full House Resorts. You may begin.

Thank you, and good afternoon, everyone. Welcome to our Third Quarter Earnings Call. 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 security laws. I would 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 risk 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 all said, I'm going to make one big point before I turn it over to Dan. This is a very, very big call for us because it is the last time you'll hear from us without Waukegan open. The next time we talk to you, Waukegan should be open. And Dan will give you some more color on that timeline and everything else. I'm going to reinforce that point right from the start with that. I'll turn it over to you, Dan.

I recognize what Kegan is probably, well, certainly the permanent one will be bigger than our whole company, and the temporary one might be bigger than our whole company. So it's pretty significant. The recent results show that the Rivers Casino, which is about a half an hour to our south, is doing about $600 million in revenue. The Pottawatomie Casino in Milwaukee, which is just over half an hour to our north, does about $400 million. And the Grand Vic, which is to our southwest, is doing about $120 million. So the existing casinos in our neck of the woods are doing $1.2 billion if we just take a small piece of that business and then we'll actually grow the market. There's 700,000 people in Lake County, and it's one of the wealthier counties in the country. We're the only casino in Lake County. We're kind of in the middle of it. So I think we'll grow the gambling by people who live there because it'll be much more convenient. We might nip a little bit away from our competitors, and then we could probably take a bite out of the video lottery terminals, which are doing about $100 million a year in Lake County. But I think the biggest piece of it is we'll grow the market.