Bally's Q2 2024 Earnings Report
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.
Bally's
Bally's
Bally's 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.