Strong figures reported after casinos reopen

Bally’s Corporation has bounced back quickly from the impact of the pandemic, recording results higher than those of 2020’s first quarter.

The company said that in the three months ended March 31 revenue was $185m and EBITDA $50m, compared with $109.1m and $22.1m respectively.

Said CEO George Papanier: “We are very encouraged by the trends. Increased demand assisted by the relaxing of Covid-19 restrictions contributed to the outstanding performance. Based upon early indications it is continuing into April.”

The group owns and manages 12 casinos in eight states, a race track and 13 off-track betting licences in Colorado. It has 6,000 employees, runs 13,308 slots, 460 gaming tables and has 3,342 hotel rooms.