US casino operator Bally’s Corporation has reported revenue up substantially in its fourth quarter, but still a net loss.
Revenue was $547.7m, up $429.6m on 2020 for the quarter, and was $1.3bn for the year, compared with $372.7m. The loss on income was $115.2m compared with a positive $20.2m for the quarter and for the year the loss was $71.7m compared with a loss of $5.4m.
CEO Lee Fenton commented that the group made significant progress on integration of its acquired assets, defining its strategic goals for this year and deploying capital strategically, including progress in growth prospects in several US cities.
The company now has three operating segments – casinos and resorts, North America interactive and international interactive. The casinos segment contains 13 casinos.
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