Bally’s bounces back with record earnings

Record revenue and earnings have been reported by Bally’s Corporation for its second quarter of 2021.

The company’s financial results showed revenue at $267.7m compared with $28.9m and income from operations at $80.5m compared with a loss of $20.9m. Adjusted EBITDA was $83.7m compared with a loss of $10.7m.

George Papanier, CEO, said: “We will continue to benefit from rebounding demand across our land-based portfolio. Improved consumer confidence, minimal capacity restrictions and our disciplined operating strategy all contributed to extremely strong numbers across the board in the quarter.”

Bally’s has 14 casinos in 10 US states, a horse racetrack in Colorado and access of sports betting in 14 states. It has Bally’s Interactive, a B2B2C sports betting platform. It operates 15,833 slots, 532 tables and 5,355 hotel rooms.