Bally’s Corporation has reported its financial results for the fourth quarter and full year ended December 31st, 2024.
Company-wide annual revenue dropped by 5.1% year-on-year to $580.4m, with Casino & Resorts revenue down 5.2% to $324.4m.
UK online revenue rose by 11.3%, whilst overall international interactive revenue fell by 9.1% to $214.5m. However, significant growth was experienced in North American interactive revenue, up 24.4% to $41.5m.
Robeson Reeves, Bally’s CEO, said: “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.
“Following these milestones, in early 2025 Bally’s completed a series of transactions with The Queen Casino & Entertainment and Standard General which has further expanded our scale and positioned the company for compelling long-term growth.
“The ‘new’ Bally’s 2.0 is a dynamic global land-based and online casino operator with attractive growth pipelines in US gaming. We emerged from these transactions significantly stronger, with the financial and operating wherewithal to continue to drive growth across our expanded Casinos & Resorts segment, our International Interactive business and our North America Interactive segment.”
Bally’s International Interactive revenue continues to benefit from strength in its UK operations, offset by ongoing weakness in certain non-U.K. markets. While segment-level revenue declined, UK revenue grew healthily, driven by strong player retention and uplifts from revenue optimization initiatives.
The divestiture of the distribution operations of interactive business in Asia and other international markets deconsolidated these operations and changed the accounting presentation to purely licensing revenues. The strong underlying financial performance of this business is now focused primarily on regulated European markets.
George Papanier, Bally’s President, adds: “Fourth quarter revenue performance in our C&R segment reflects our ongoing work to unify our regional gaming portfolio, efforts which will accelerate now that the four Queen assets have been added to our business, as well as lingering pockets of relative weakness in certain portions of our geographic reach.
“Despite this, Bally’s many growth opportunities remain firmly intact. Collectively, these opportunities and our own ability to operate more efficiently and effectively across the portfolio have us optimistic for 2025 and beyond.”
Marcus Glover, CFO, concludes: “Bally’s 2.0 is very well positioned to deliver enhanced value for all of our stakeholders that are invested in the Company’s future, and we look forward to reporting on our successes in the coming quarters and years.”
