Bally’s Corporation on Thursday reported a fourth-quarter loss of $115.3 million, after reporting a profit in the same period a year earlier. EBITDA of $119.4 million, an increase of $98.4 million year over year. Revenue for the year was $1.3bn,

Bally’s estimates revenue for the year ending December 31, 2022 in the range of $2.4 billion to $2.5 billion and Adjusted EBITDA in the range of $560 million to $580 million. 

Lee Fenton, Chief Executive Officer said, “Our quarterly results represent the first full quarter of the consolidated Bally’s group including our Casinos & Resorts, International Interactive and North America Interactive segments.

During the quarter, we made significant progress on integration of our acquired assets, defining our strategic goals for 2022 and deploying capital strategically including progress in growth projects in Lincoln, Atlantic City and Kansas City. Additionally, we repurchased $87 million of our common shares during the quarter.