Bally's Q3 2024 Earnings Report
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
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