Bally’s full year revenue tops $2.2bn

Finance News

Ballys today reported full year revenue of $576.7 million and $2.3 billion, respectively. Net loss of $487.5 million and $425.5 million, respectively, includes non-cash goodwill and asset impairment charges of $464.0 million. Adjusted EBITDA of $145.8 million and $548.5 million, respectively. Adjusted EBITDAR of $164.4 million and $601.8 million.

Robeson Reeves, current Bally’s President – Interactive, and incoming Chief Executive Officer, said, “As previously reported in our preliminary release of these financial results, we are pleased to have achieved record results in both our Casinos & Resorts and International Interactive segments. Our core businesses continue to generate fantastic cash flows.

UK revenue grew 12% organically in the fourth quarter as regulations continue to play through, while in December, Asia saw positive year-over-year organic growth, proving that our initiatives to maintain a competitive advantage in that market are effective. We remain committed to taking a deep dive approach in North America to ensure that investments we make in sports have a near-term path to profitability. In iCasino states, we’ve increased our market share in both New Jersey and Ontario as we integrate this business in a scalable way.”