Business Context and Reporting Period
Company: Full House Resorts, Inc. (FLL)
Filing Type: Form 8-K (Current Report)
Date of Report: March 14, 2025
Reporting Period: Immediate effective date for the fiscal year ending December 31, 2025.
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The filing reports a material change in the Company's independent registered public accounting firm:
- Termination: Deloitte & Touche LLP was dismissed as the independent auditor effective March 14, 2025.
- Engagement: Ernst & Young LLP (EY) was engaged as the new independent auditor effective immediately for the fiscal year ending December 31, 2025.
- Audit History: Deloitte's reports for fiscal years 2023 and 2024 were unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: No disagreements or reportable events occurred between the Company and Deloitte during the two most recent fiscal years or through the date of dismissal.
Guidance, Outlook, and Risks
Management Commentary: The Audit Committee approved the change to ensure independent audit services for the upcoming fiscal year. The Company confirmed no prior consultations with EY regarding accounting principles or audit opinions prior to this engagement.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing beyond the standard disclosure of the auditor change.
Investor Verification Checklist
- Verify the reasons for the auditor change by reviewing the attached letter from Deloitte & Touche LLP (Exhibit 16.1).
- Confirm the transition timeline and scope of work between Deloitte and EY for the 2025 fiscal year.
- Review upcoming 10-K filings to ensure the new auditor's report aligns with the transition details provided here.
- Check for any subsequent filings that might elaborate on the rationale for replacing Deloitte.