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Dec 31, 2019
Bally's Q4 2019 Earnings Report
Reported an increase in revenue and a decrease in net income compared to the same period last year.
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
Bally's
Bally's Revenue by Segment
Revenue by Segment
Casinos & Resorts Revenue
CapyFin.com 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.