Bally’s reports 9.7% surge in revenue
Bally’s today reported financial results for the second quarter ended June 30, 2023.
Revenue for the second quarter was $606.2 million, an increase of 9.7% year-over-year. International Interactive revenue of $247.8 million, up 5.6% year-over-year.
Robeson Reeves, Bally’s Chief Executive Officer, said “Bally’s made significant strides this quarter, announcing new initiatives, achieving important project milestones, and building on our strong foundation for 2023 and beyond. Our core Casinos & Resorts segment produced record second-quarter revenues of $333.2 million, an 11.1% increase compared to the second quarter of 2022.
International Interactive also remained solid, with revenues increasing 5.6% year-over-year, led by our robust UK business, which grew revenues by 11.5% year-over-year.
North America Interactive iGaming is ramping up positively, driven primarily by New Jersey and our successful June launch in Pennsylvania.
Additionally, we are extremely pleased that the Rhode Island legislature legalized iGaming, naming Bally’s as the sole provider in the State with an anticipated launch in March 2024. In addition, we have made significant progress transitioning Bally Bet onto the Kambi and White Hat technology platforms, which is on track to rollout later this summer.