The company faces risks related to raw materials for construction, including price increases influenced by inflation, U.S. tariffs, trade policy changes, demand fluctuations, and higher labor and construction costs. Potential delays and cost increases may result from natural disasters, licensing issues, financing delays, contractor performance, and regulatory approvals. While the company carries insurance for certain construction liabilities, not all risks are covered. Construction costs may exceed initial budgets, potentially necessitating additional capital or project modifications. Delays in finalizing plans and specifications can lead to inefficiencies and increased expenses. Budgets are based on estimated costs for construction goods and services, some of which have not yet been fully designed.
Full House Resorts Inc's Comment on Supply Chain
The company faces risks related to raw materials for construction, including price increases influenced by inflation, U.S. tariffs, trade policy changes, demand fluctuations, and higher labor and construction costs. Potential delays and cost increases may result from natural disasters, licensing issues, financing delays, contractor performance, and regulatory approvals. While the company carries insurance for certain construction liabilities, not all risks are covered. Construction costs may exceed initial budgets, potentially necessitating additional capital or project modifications. Delays in finalizing plans and specifications can lead to inefficiencies and increased expenses. Budgets are based on estimated costs for construction goods and services, some of which have not yet been fully designed.
Sources:
Full House Resorts Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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