Bally’s Corporation reports Q4 decline by 5.1%

Bally’s Corporation has announced financial results for 2024, highlighting a revenue decline in Q4 by 5.1% year-over-year to $580.4 million.

The Q4 decline was largely driven by a 5.2% drop in revenue from Casinos & Resorts ($324.4 million) and a 9.1% decline in International Interactive revenue ($214.5 million). Unlike them, Bally’s North America Interactive saw a revenue increase of 24.4%, reaching $41.5 million. Full-year revenue remained steady at $2.45 billion, showing only a slight increase from 2023.

The launch of Bally’s Monopoly Casino in New Jersey and Bally Bet’s expansion in Tennessee are expected to strengthen the company’s online presence.

Bally’s Chief Executive Officer Robeson Reeves said:

“The ‘new’ Bally’s 2.0 is a dynamic global land-based and online casino operator with attractive growth pipelines in U.S. gaming. We continue to gain strong customer support for our iGaming and sports product offerings, which we believe will result in positive long-term performance from this segment.”

Bally’s Chief Financial Officer Marcus Glover said:

“As we close out 2024 and begin 2025, our team is working diligently across multiple fronts to optimize our cost structure, enhance the efficiency of our operations, adopt certain best practices from Queen, and set the stage for significant long-term value creation.”

Bally’s remains confident and is positioned for a brighter 2025.