Bally's Q4 2023 Earnings Report
Key Takeaways
Bally's Corporation announced its Q4 2023 financial results, with consolidated revenues reaching $611.7 million, a 6.1% increase year-over-year. The company saw growth in its Casinos & Resorts, International Interactive, and North America Interactive segments. Despite revenue growth, the company reported a net loss of $263.5 million for the quarter.
Consolidated revenues increased by 6.1% year-over-year to $611.7 million.
Casinos & Resorts revenues grew by 7.2% year-over-year to $342.3 million.
International Interactive revenues increased by 2.1% year-over-year to $236.0 million.
North America Interactive revenues increased by 26.9% year-over-year to $33.4 million.
Bally's
Bally's
Bally's Revenue by Segment
Forward Guidance
Bally's expects to generate full year 2024 revenues in a range of $2.5 billion to $2.7 billion and Adjusted EBITDAR in a range of $655 million to $695 million.
Positive Outlook
- Continued growth in the International Interactive business
- Launch of iGaming in Rhode Island in our North America Interactive segment
Challenges Ahead
- Impact of severe winter weather on January results in the Casinos & Resorts segment
- Impact the closure of the Tropicana Las Vegas will have on our 2024 year-over-year comparisons.