In today's episode of the Yet Another Value Podcast, Host, Andrew Walker, shares his thesis and presentation on the YAVB 2025 Idea of the Year: Full House Resorts $FLL, owns, leases, develops and operates gaming facilities throughout the country.

For more information and to subscribe to the Yet Another Value Substack, please visit: https://www.yetanothervalueblog.com/

Disclosure: long FLL

Chapters:

[0:00] Introduction + Episode sponsor: Daloopa

[1:35] Introduction to the Idea of the Year of 2025

[3:07] Quick overview of YAVB Idea of the Year: Full House Resorts $FLL and how to win at regional gaming case study

[18:11] Why $FLL interesting/unique opportunity to Andrew

[23:38] Why did $FLL invest in Chamonix

[25:52] $FLL portfolio casino: American Place

[28:22] Upside / what are we playing for

[30:39] Why does the $FLL opportunity exist

[36:06] The new markets already ramping: American Place and Chamonix

[40:53] Risks: Chamonix Ramp, American Place Lawsuit

[50:50] Unlocking Value in $FLL: sale leasebacks

[56:47] Unlocking Value in $FLL: M&A

[1:01:11] Synergies (if a strategic were to buy $FLL)

[1:02:57] Final thoughts

Today's sponsor: Daloopa

Hey there, fundamental analysts - Are you tired of the endless grind of updating financial models, scrubbing documents, and hard coding? Let’s talk about something that could transform your workflow—Daloopa.

Daloopa delivers perfect historicals for thousands of public companies. That means every KPI, operating data, financial metric, adjustment, and guidance—all at your fingertips. And here’s the best part: Daloopa updates your models in near real-time, which is especially important during earnings season, tailored to your modeling format and style.

Imagine never having to update your models again. With Daloopa, you can reclaim your time and focus on what really matters—analysis and research.

Want to learn more? Create a FREE account at Daloopa.com/YAV

Get the future of podcasts.