{"id":154798,"date":"2020-11-09T08:45:09","date_gmt":"2020-11-09T16:45:09","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=154798"},"modified":"2020-11-09T09:21:49","modified_gmt":"2020-11-09T17:21:49","slug":"full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/","title":{"rendered":"Full House Cup of Coffee Stock Price Has Double-Digit Potential, Says Analyst"},"content":{"rendered":"

With a market value of just $78.60 million, Full House Resorts (NASDAQ:FLL) is one of the smallest publicly traded gaming companies in the US. But that diminutive stature may belie exciting upside potential with the stock, according to one analyst.<\/p>\n

\"Waukegan
An aerial view of a proposed casino site in Waukegan, Ill. where Full House Resorts is hoping to win a license. (Image: Chicago Sun-Times)<\/figcaption><\/figure>\n

Even with a jaw dropping 40 percent gain over the past week, Full House stock trades at $3.45 at this writing. But Roth Capital analyst David Bain outlines a scenario where the shares could eventually flirt with $12, or more than triple current levels. The analyst says if the operator is successful in winning a license to develop a gaming property in Waukegan, Ill., that alone would be worth $4.81 a share.<\/p>\n

Previously, reviews had FLL’s Waukegan proposal positioned as the highest-ranked, overall,\u201d writes the analyst in a Monday note to clients. \u201cThe only category where FLL did not receive the highest possible ranking was ‘financial data,’ essentially known\/secured capital for its proposed development.\u201d<\/p><\/blockquote>\n

Bain points out Full House now has a commitment letter from a multi-billion-dollar investment firm to fund the Prairie State venture. The Nevada-based company’s roster is currently small<\/a>, consisting of just five venues, one each in Colorado, Indiana, Mississippi and two in the Silver State. That underscores the importance of winning an Illinois permit, because the state is one of the largest gaming markets in the country.<\/p>\n

Land of Lincoln Catalyst<\/h2>\n

Should it emerge victorious in its quest for a Prairie State license, Full House would not only add another venue, but bolster its exposure to fast-growing sports wagering markets. That’s something the operator already has via its Colorado and Indiana properties<\/a>.<\/p>\n

\n

Bain says the company procuring a letter of commitment from an investor is the \u201cthird leg\u201d in the process, and positions Full House as more likely to be chosen than not. The analyst says the Illinois Gaming Board (IGB) is meeting with investment bankers to help with the licensing decision, a process that could take six months. But he adds it’s possible the Waukegan license will be awarded in the first quarter of 2021.<\/p>\n<\/div>\n

In addition to Full House, IGB is considering bids from North Point Casino<\/a> and Rivers Casino Waukegan.<\/p>\n

Path to Double Digits<\/h2>\n

Bain’s price target on Full House stock is $7, or more than double where it currently trades. That forecast is arrived at by estimating the name trades at 5.6x 2021 earnings before interest, taxes, depreciation and amortization (EBITDA). The analyst projects the operator’s online sports betting revenue stream, which requires almost no spending on the company’s behalf, will check in at 15x.<\/p>\n

The base case scenario of a Waukegan development contributing $4.81 to Full House stock is not included in the $7 target, says Bain. The shares haven’t traded above $4 in three years<\/strong>.<\/p>\n

The name received a jolt last week from voters in Colorado.<\/a> That’s where the company runs Bronco Billy’s in Cripple Creek, and voters there decided to remove the $100 per hand bet limit on table games and add new offerings, such as baccarat.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a market value of just $78.60 million, Full House Resorts (NASDAQ:FLL) is one of the smallest publicly traded gaming companies in the US. But that diminutive stature may belie exciting upside potential with the stock, according to one analyst. Even with a jaw dropping 40 percent gain over the past week, Full House stock […]<\/p>\n","protected":false},"author":46,"featured_media":154799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nFull House Stock Could Soar if it's Chosen to Run Waukegan Casino<\/title>\n<meta name=\"description\" content=\"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Full House Stock Could Soar if it's Chosen to Run Waukegan Casino\" \/>\n<meta property=\"og:description\" content=\"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-09T16:45:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-09T17:21:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/\",\"url\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/\",\"name\":\"Full House Stock Could Soar if it's Chosen to Run Waukegan Casino\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg\",\"datePublished\":\"2020-11-09T16:45:09+00:00\",\"dateModified\":\"2020-11-09T17:21:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg\",\"width\":1200,\"height\":800,\"caption\":\"An aerial view of a proposed casino site in Waukegan, Ill. where Full House Resorts is hoping to win a license. (Image: Chicago Sun-Times)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Full House Cup of Coffee Stock Price Has Double-Digit Potential, Says Analyst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Full House Stock Could Soar if it's Chosen to Run Waukegan Casino","description":"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Full House Stock Could Soar if it's Chosen to Run Waukegan Casino","og_description":"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.","og_url":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-11-09T16:45:09+00:00","article_modified_time":"2020-11-09T17:21:49+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/","url":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/","name":"Full House Stock Could Soar if it's Chosen to Run Waukegan Casino","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg","datePublished":"2020-11-09T16:45:09+00:00","dateModified":"2020-11-09T17:21:49+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Full House stock has epic upside potential if the company is chosen to operator a casino in Waukegan, Ill.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/11\/waukegan.jpg","width":1200,"height":800,"caption":"An aerial view of a proposed casino site in Waukegan, Ill. where Full House Resorts is hoping to win a license. (Image: Chicago Sun-Times)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/full-house-stock-could-soar-if-its-chosen-to-run-waukegan-casino\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Full House Cup of Coffee Stock Price Has Double-Digit Potential, Says Analyst"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/154798"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=154798"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/154798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/154799"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=154798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=154798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=154798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}