Lewis Fanger

“We had a strong quarter of growth led by our two newest properties. American Place, and Chamonix, on a consolidated basis, revenues grew 5.6% in the second quarter, and adjusted EBITDA increased 19.5%.”

“We'll be quick with our prepared remarks today since I know there's another call that's about to start. We had a solid first quarter. Revenues were $74.4 million in the first quarter of 2026, which compares to $75.1 million in last year's first quarter.”

“It was a very good fourth quarter, but the comparisons versus last year aren't very straightforward, so we'll take you through those really quick. Revenues rose to $75.4 million, up from $73 million in the fourth quarter of 2024.”

“Revenues increased to $78 million from $75.7 million in the same quarter last year. It's important to note that last year's figures included $1.5 million from Stockman's, which was sold in April of this year, so revenue growth on a like-for-like basis was 5%.”

“I know it's a busy day for many of you today, so we'll keep our prepared remarks on the brief side, and then we'll head quickly into questions. We're actually sitting here at American Place today, so we'll start there.”