Bally’s Corporation reports growth in 2023’s first quarter

Bally’s Corporation reports growth in 2023’s first quarter

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Bally’s Corporation reports growth in 2023’s first quarter

In its most recent financial analysis, Bally’s Corporation has detailed a number of increases in key areas.

The report started off with the company’s revenue statistics, which were up from the prior year’s 548 million dollars by just over 9% at a bit under 599 million dollars. The firm’s net income experienced an even greater increase, going from just 1.9 million dollars in 2022 to over 178 million dollars this year.

Bally’s also saw a 10% increase in its adjusted EBITDA, which went from 114 million dollars to 126 million dollars. The company’s EBITDA margin, on the other hand, went up by a smaller margin from 20.9% to 21.1%.

Breaking down the statistics by the firm’s operating segments, Bally’s land-based division generated the most revenue at just over 328 million dollars. The company’s international online operations followed next, generating 245 million dollars, while it’s North American interactive segment generated 24 million dollars.

Furthermore, several of the corporation’s highlights were mentioned in the analysis, such as its repurchase of a million of its shares at a combined 20 million dollars. The company also highlighted its recent collaboration with White Hat Gaming and Kambi, through which Bally’s will be enhancing its sports wagering operations.

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