Bally’s second-quarter revenue hits $621.7 million up 2.5%
Bally’s today reported financial results for the second quarter ended June 30, 2024.
Company-wide revenue was $621.7 million, an increase of 2.5% year-over-year. Casinos & Resorts revenue of $343.1 million, up 3.0% year-over-year. UK online revenues grew 9% while overall International Interactive revenue declined (7.4%) year-over-year to $229.4 million. North America Interactive revenue of $49.2 million, up 94.7% year-over-year
Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s delivered solid 2024 second quarter operating results during what remains an active period for our Company. Consolidated revenue grew 2.5% to $621.7 million, driven by 3.0% growth in Casinos & Resorts (“C&R”) revenue, 94.7% growth in North America Interactive revenue, and 9% UK revenue growth, a record performance.
This was offset by declines in Asia and other markets, resulting in a 7.4% overall decline in International Interactive revenue. Subsequent to the second quarter end, we entered into a binding term sheet for a $940 million strategic construction and financing arrangement with Gaming & Leisure Properties (“GLPI”) which includes funding to complete the construction of our flagship permanent casino in the heart of downtown Chicago. The arrangement also includes sale-leaseback transactions for our Kansas City and Shreveport properties for $395 million and reiterates our intentions for a sale-leaseback of our Lincoln property for $735 million.