Six per cent boost for Bally’s in Q4 results

In its most recent financial report released yesterday, Bally’s Corporation has reported $611.67m in revenue for the quarter ending December 31, 2023.

This figure was a six per cent increase on last year’s Q4 figure of $576.69m.

$342m came from casinos and resorts, a year-on-year growth of seven per cent, while $236m came from “international interactive”, a year-on-year growth of two per cent, and “North America Interactive” saw a huge growth of 27 per cent to $33m.

Total Adjusted EBITDAR came in at $161m, with total Adjusted EBITDA at $129.

Robeson Reeves, Bally’s CEO, commented: “Bally’s completed a successful 2023 with healthy results across all our business segments. Revenues in the fourth quarter grew 6.1% year-over-year to $611.7 million reflecting continued growth in our Casinos & Resorts, International Interactive and North America Interactive segments. For the full year, revenues grew 8.6% versus 2022.

“Our corporate and property-level teams delivered on an active year of building our growth pipeline. This included the opening of the Chicago Temporary Casino, the approved relocation of the ‘Las Vegas’ Athletics to our Tropicana site, the opening of our expanded and re-imagined Bally’s Kansas City casino, partnerships with leading technology vendors to support our successful relaunch of Bally Bet OSB in North America, our agreement to operate the concession at Bally’s Golf Links at Ferry Point in the Bronx, and the expansion of our flagship property in Rhode Island.

“Our development opportunities in Chicago, Las Vegas and New York include significant optionality and unique long-term growth prospects, and we expect to begin converting these development opportunities into value for Bally’s stakeholders, starting in 2024.”