There was a record revenue in the third quarter of Bally’s, but a net loss, reported the company this week.
The revenue was $314.8m, up $198.2m or 169.9 per cent year over year. But it showed a net loss of $14.7m compared to a net income of $6.7m. Adjusted EBITDA was $78m, up $40m.
CEO Lee Fenton said that the recent acquisition of Gamesys was a major step in the company’s evolving from a regional casino operator into an industry major in retail, sports, media and igaming.
The quarter had been negatively impacted by a $6m loss related to natural disasters, including two hurricanes and wildfires in Nevada.