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Mar 31, 2024
Bally's Q1 2024 Earnings Report
Bally's reported a solid start in 2024, driven by revenue growth in Casinos & Resorts and North America Interactive segments.
Key Takeaways
Bally's Corporation reported a 3.3% year-over-year increase in revenue to $618.5 million for Q1 2024. Growth was driven by Casinos & Resorts and North America Interactive, while International Interactive revenues declined. The company is focused on expense reduction and operational efficiency.
Company-wide revenue increased by 3.3% year-over-year to $618.5 million.
Casinos & Resorts revenue grew by 4.1% year-over-year to $342.3 million.
North America Interactive revenue increased significantly by 70.2% year-over-year to $41.5 million.
Successfully launched iGaming in Rhode Island as sole provider.
Revenue by Segment
Forward Guidance
The Company’s annual guidance remains unchanged with expectations for 2024 revenues in a range of $2.5 billion to $2.7 billion and Adjusted EBITDAR in a range of $655 million to $695 million.
Positive Outlook
- Continued ramp of the Chicago Temporary Casino
- Growth in the Company’s International Interactive business
- Revenue ramp from the introduction of iGaming operations in Rhode Island
Challenges Ahead
- Impact of the Tropicana Las Vegas closure
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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