Bally’s second quarter revenue soars to $552.5m

Finance News

Bally’s today reported financial results for the second quarter ended June 30, 2022. Revenue was up more than double to $552.5 million. Net income was $59.5 million. Adjusted EBITDA of $141.2 million.

Lee Fenton, Chief Executive Officer said, “Our second quarter results reflect continued strength in our Casinos & Resorts segment, record margins in our International Interactive segment and continued growth in our North America Interactive segment particularly in in New Jersey, despite headwinds from significant FX volatility and challenges in Atlantic City.

We are pleased with the Company’s record cash flow from operations in the quarter and are focused on continued incremental cash flow generation initiatives.”