Bally’s today reported financial results for the third quarter ended September 30, 2024.

Third Quarter revenue was $630.0 million, a decrease of 0.4% year-over-year. Casinos & Resorts revenue of $353.4 million, down 1.6% year-over-year. UK online revenues grew 11.8% while overall International Interactive revenue declined 5.3%year-over-year to $230.9 million.

Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s delivered relatively healthy financial results in the 2024 third quarter, with consolidated revenue declining just 0.4% from the prior year to $630.0 million.

On a segment basis, Casinos & Resorts (“C&R”) revenue declined 1.6% year-over-year and North American Interactive revenue grew 54.5%, while International Interactive revenue declined 5.3%, including 11.8% revenue growth in our U.K. business. During the quarter, we secured a critical $940 million construction and financing arrangement with Gaming & Leisure Properties (“GLPI”) which positions the Company to move forward with the construction of our flagship permanent casino in the heart of downtown Chicago, America’s third largest city.

Early in the fourth quarter, we also completed the controlled demolition of the Tropicana hotel towers in Las Vegas, moving the A’s one step closer to the start of stadium construction and allowing Bally’s to plan for the broader redevelopment of the site.

Upon completion, the Chicago and Las Vegas development projects feature unique positioning in their respective markets and represent two attractive additions to our portfolio that we expect will drive positive shareholder returns.

“Our International Interactive business continues to benefit from healthy U.K. revenue, offset in part by lingering weakness in other non-U.K. markets, with a particular emphasis on the ongoing logistical challenges impacting business in Asia.

Segment-level revenue declined 5.3% to $230.9 million though U.K. revenue grew a healthy 11.8% (8.9% in constant currency). U.K. growth was driven by all-time high active customer levels and robust Average Revenue per User metrics along with growing traction for our online sports betting offerings which include a newly launched Bally’s-branded product that joins our initial JackpotJoy offering. Despite the segment revenue decline, adjusted EBITDAR margins improved 400 basis points year-over-year.