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Sep 30, 2024
Bally's Q3 2024 Earnings Report
Bally's delivered relatively healthy financial results with consolidated revenue declining just 0.4% year-over-year to $630.0 million.
Key Takeaways
Bally's Corporation reported a slight decrease in revenue year-over-year, with growth in North America Interactive offset by declines in Casinos & Resorts and International Interactive. The company secured funding for its Chicago project and completed the demolition of the Tropicana hotel towers. Cost optimization efforts are underway to improve profitability.
Company-wide revenue reached $630.0 million, a 0.4% decrease year-over-year.
Casinos & Resorts revenue totaled $353.4 million, down 1.6% year-over-year.
North America Interactive revenue grew 54.5% year-over-year to $45.7 million.
International Interactive revenue declined 5.3% year-over-year to $230.9 million, despite 11.8% growth in the UK online revenues.
Bally's
Bally's
Bally's Revenue by Segment
Revenue by Segment
Casinos & Resorts Revenue
CapyFin.comInternational Interactive Revenue
CapyFin.comNorth America Interactive Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
The entire team is working diligently to optimize our cost structure across the board and enhance the efficiency of our operations, particularly in the C&R segment and within International Interactive. While this work is in its early stages and will continue for the foreseeable future, we believe we will see tangible results in the near-term as we improve profitability and enhance our operating performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income