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Jun 30, 2024
Bally's Q2 2024 Earnings Report
Reported a solid second quarter with revenue growth driven by Casinos & Resorts and North America Interactive.
Key Takeaways
Bally's Corporation reported a 2.5% year-over-year increase in revenue to $621.7 million for Q2 2024. Growth was driven by Casinos & Resorts and North America Interactive, offset by a decline in International Interactive revenue. The company announced strategic transactions with GLPI, including funding for the Chicago project, and entered into a merger agreement with The Queen Casino & Entertainment Inc.
Company-wide revenue increased by 2.5% year-over-year to $621.7 million.
Casinos & Resorts revenue grew by 3.0% year-over-year to $343.1 million.
North America Interactive revenue increased significantly by 94.7% year-over-year to $49.2 million.
A merger agreement was entered into with The Queen Casino & Entertainment Inc.
Revenue by Segment
Forward Guidance
The Company’s annual guidance for revenues is a range of $2.5 billion to $2.7 billion and adjusted EBITDAR is a range of $655 million to $695 million. Bally’s currently expects to be at the lower end of the range for the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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