Revenue up but so are losses at Bally’s

Home » Revenue up but so are losses at Bally’s

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.

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