Bally’s reports a 10% increase in revenue in Q2

Bally’s reports a 10% increase in revenue in Q2

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Bally’s reports a 10% increase in revenue in Q2

The second quarter of the year has brought a near 10% revenue increase for Bally’s.

The company’s report mentioned a revenue of 606 million dollars in the period, up from last year’s 552 million dollar figure. This led to an EBITDA of 130 million dollars, which is slightly lower than Bally’s 137 million dollar EBITDA figure back in 2022.

The company’s operating segments, online gambling and retail establishments, both saw increases in their revenues, with the former increasing by around 6% to just under 273 million dollars while the latter increased by just over 11% to 333 million dollars. Additionally, the firm’s land-based revenue figure also set a new all-time high for the segment.

Further breaking down the performance of the online vertical, the majority of its revenue was generated through Bally’s international operations, which made a bit less than 248 million dollars in the period, up by 5.6% from last year. The operator’s North American online division, on the other hand, generated just 25 million dollars, however, it experienced a sizable jump of 40% from the prior year’s 18 million dollars.

Lastly, the report also mentioned one of Bally’s most noteworthy collaborations in the quarter, the contract with the Oakland A’s, through which the firm will be constructing a baseball pitch on the property of its Tropicana resort in Las Vegas.

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