Bally’s moves back into the black

Home » Bally’s moves back into the black

International interactive revenues returned to growth for Bally’s Corporation and the first effects of the group’s purchase of The Tropicana in Las Vegas, began to be felt, said Lee Fenton, CEO.

Fenton was presenting the third quarter financials for the group, which he said had also benefited from the first full quarter of integration of Bally’s regional casinos.

“International interactive returned to growth in the UK, with record margins across the platform, offset by foreign exchange headwinds, while North America interactive experienced continued growth with New Jersey igaming and the launch of our new combined app housing both sports and igaming in Ontario.”

Revenue was $578.2m and net income $0.6m. Adjusted EBITDA was $151m. For the full year the company is forecasting revenue of $2.25bn and EBITDA of $540m. The group had posted a loss last year.

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Bally’s has 15 casinos in 10 US states, a horse racetrack in Colorado, plus online gambling assets. It operates 15,000 slots, 600 tables and has 5,300 hotel rooms.

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