Bally’s Corporation ( (BALY) ) has released its Q4 earnings. Here is a breakdown of the information Bally’s Corporation presented to its investors.
Bally’s Corporation is a global casino-entertainment company with a diverse portfolio of 19 casinos across the United States, a golf course, a horse racetrack, and a significant presence in the online gaming sector through its Bally Bet and Bally Casino platforms. The company is known for its strategic acquisitions and developments, including the recent expansion into the UK market with the acquisition of Aspers Casino in Newcastle.
In its latest earnings report, Bally’s Corporation announced a decline in company-wide revenue for the fourth quarter of 2024, totaling $580.4 million, a 5.1% decrease from the previous year. Despite this, the company saw growth in its North America Interactive segment, with a 24.4% increase in revenue. The company also highlighted the completion of significant transactions with Standard General and The Queen Casino & Entertainment, which are expected to bolster its growth trajectory.
Key financial metrics revealed a mixed performance across different segments. The Casinos & Resorts segment experienced a revenue decline of 5.2%, while the International Interactive segment saw a 9.1% decrease in revenue. However, the UK online operations within the International Interactive segment grew by 11.3%. The North America Interactive segment showed promising growth, driven by new platform launches and increased customer engagement.
Looking ahead, Bally’s management remains optimistic about the company’s growth prospects. The ongoing construction of a permanent casino in Chicago and the strategic integration of Queen’s properties are expected to provide a solid foundation for future expansion. The company is focused on optimizing its operations and leveraging its recent acquisitions to enhance long-term value for stakeholders.