Bally's Q4 2024 Earnings Report
Key Takeaways
Bally’s Corporation reported Q4 2024 revenue of $580.4 million, a 5.1% year-over-year decrease. The Casinos & Resorts segment declined by 5.2% to $324.4 million, while International Interactive revenue dropped 9.1% to $214.5 million. North America Interactive, however, grew by 24.4% to $41.5 million. The company continues to invest in the Chicago casino development while integrating recent acquisitions.
Q4 2024 revenue declined 5.1% year-over-year to $580.4 million.
Casinos & Resorts revenue fell by 5.2% to $324.4 million.
International Interactive revenue declined 9.1% to $214.5 million.
North America Interactive revenue increased by 24.4% to $41.5 million.
Bally's
Bally's
Bally's Revenue by Segment
Forward Guidance
Bally’s is focused on integrating recent acquisitions and executing growth strategies across its key business segments, with a particular emphasis on the development of the Chicago casino and expansion in North America Interactive.
Positive Outlook
- Completion of strategic transactions with Queen Casino & Entertainment.
- Growth in North America Interactive segment by 24.4%.
- Construction progress on the permanent Chicago casino.
- Continued strong performance in the U.K. Interactive market.
- Optimized cost structure and operational efficiency improvements.
Challenges Ahead
- Declining revenue in the Casinos & Resorts segment.
- Weakness in non-U.K. international markets impacting International Interactive revenue.
- Higher costs leading to lower EBITDAR margins.
- Challenges in Rhode Island visitation due to local bridge construction.
- Chicago Temporary Casino performance below expectations.