Bally's Q4 2019 Earnings Report
Key Takeaways
Twin River Worldwide Holdings, Inc. reported its Q4 2019 financial results, showing a 17.0% increase in revenue to $130.4 million. However, net income decreased by 39.7% to $13.4 million. Adjusted EBITDA increased by 8.7% to $40.2 million.
Revenue increased by 17.0% to $130.4 million.
Gross gaming revenue increased by 12.9% to $207.2 million.
Net income decreased by 39.7% to $13.4 million.
Adjusted EBITDA increased by 8.7% to $40.2 million.
Bally's
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Bally's Revenue by Geographic Location
Forward Guidance
The Company is reaffirming the guidance for 2020 it previously provided on February 10, 2010. The Company estimates Adjusted EBITDA for 2020 to be approximately $180 million, an increase of 8% over the same period in 2019. The Company anticipates that its annualized run-rate for Adjusted EBITDA coming out of 2020 will be approximately $190 million.