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Jun 30, 2021

Bally's Q2 2021 Earnings Report

Reported record revenues and earnings due to improved consumer confidence, minimal capacity restrictions, and disciplined operating strategy.

Key Takeaways

Bally's Corporation reported record revenue of $267.7 million and net income of $68.9 million for the second quarter ended June 30, 2021. The company's performance was driven by improved consumer confidence, minimal capacity restrictions, and a disciplined operating strategy.

Revenue of $267.7 million

Net income and diluted EPS of $68.9 million and $1.40, respectively

Adjusted EBITDA of $83.8 million

Completed acquisitions of three additional casinos and Bet.Works

Total Revenue
$268M
Previous year: $28.9M
+825.6%
EPS
$0.48
Previous year: -$0.79
-160.8%
Adjusted EBITDA
$83.8M
Gross Profit
$178M
Previous year: $14.3M
+1141.1%
Cash and Equivalents
$196M
Previous year: $331M
-40.9%
Free Cash Flow
-$12.1M
Previous year: -$36.1M
-66.5%
Total Assets
$3.76B
Previous year: $1.2B
+213.1%

Bally's

Bally's

Bally's Revenue by Segment

Forward Guidance

Company remains confident that it will continue to benefit from rebounding demand across our land-based portfolio and continues to make progress on our transformative acquisition of Gamesys and look forward to closing that transaction during the fourth quarter.