Revenue up, income down at Bally’s

Revenue doubled for Bally’s Corporation in its second quarter results for the period ending June 30.

The gaming operator saw revenue up to $552.5m, up from a Covid-impacted $267.7m in the same period of 2021. Net income fell, however, to $59.5m from $68.9m, but EBITDA rose to $141.2m from $82.8m.

CEO Lee Fenton, commented: “Our second quarter results reflect continued strength in our casinos and resorts segment, record margins in our international interactive segment and continued growth in our North America interactive segment, particularly in BallyCasino.com in New Jersey, despite headwinds from signiticant FX volatility and challenges in Atlantic City.

“We are pleased with the company’s record cash flow from operations in the quarter and are focused on continued incremental cash flow generation initiatives.”