Bally’s posts fourth quarter revenue of $580.4 million
Bally’s has reported financial results for the fourth quarter and full year ended December 31, 2024.
Company-wide revenue was $580.4 million, a decrease of 5.1% year over year. Casinos & Resorts revenue of $324.4 million, down 5.2% year over year.
U.K. online revenue grew 11.3% while overall International Interactive revenue declined 9.1% year over year to $214.5 million North America Interactive revenue of $41.5 million, up 24.4% year over year.
Robeson Reeves, Bally’s Chief Executive Officer, commented, “Fiscal 2024 was a transformational and transitional year for Bally’s as we funded and began development of our permanent Chicago casino resort and completed the controlled demolition of the Tropicana in Las Vegas paving the way for Major League Baseball’s A’s franchise to move to the site.
“Underlying results for the North America Interactive segment demonstrated favorable performance across the board, with revenue up 24.4% and an Adjusted EBITDAR loss of $12.3 million. That said, segment performance was negatively impacted during the quarter by the transition to a new unified platform, an impact we expect will reverse itself in the first quarter.
Rhode Island continued to ramp as it captured some of the play lost at our brick-and-mortar properties due to the previously mentioned bridge construction issues. During the quarter we launched the Monopoly Casino app in New Jersey to very healthy customer response and launched our Bally Bet online sports betting platform in Tennessee. We continue to gain strong customer support for our iGaming and sports product offerings which we believe will result in positive long-term performance from this segment.”