Bally’s raises full year revenue forecast to $2.25bn

Finance News

Bally’s has reported third quarter revenue of $578.2 million versus the previous estimate of $577.11 million. Bally’s expects full-year revenue of $2.25 billion.

Lee Fenton, Chief Executive Officer said, “In the third quarter, Casinos & Resorts benefited significantly from the first full quarter of integration of our regional casino properties.

We also welcomed Tropicana Las Vegas into the mix and will continue driving our omni-channel portfolio in the U.S. International Interactive returned to growth in the U.K., with record margins across the platform, offset by foreign exchange headwinds, while North America Interactive experienced continued growth with New Jersey iGaming and the launch of our new combined app housing both Sports and iGaming in Ontario.

We are evaluating our money losing businesses in North America Interactive and refocusing efforts where we have faster paths to profitability.”