Bally's Corporation has published its financial report for 2022’s third quarter. The company reported significant fiscal and business growth for the period ending September 30.
Revenue during Q3 reached $578.2m, while Bally’s reported a net income of $600,000. Meanwhile, adjusted EBITDA totaled $151m for the third quarter.
Bally’s CEO Lee Fenton spoke about the company’s ongoing expansion throughout the US.
He commented: "In the third quarter, Casinos & Resorts benefited significantly from the first full quarter of integration of our regional casino properties.
“We also welcomed Tropicana Las Vegas into the mix and will continue driving our omni-channel portfolio in the US International Interactive returned to growth in the UK, with record margins across the platform, offset by foreign exchange headwinds, while North America Interactive experienced continued growth with New Jersey iGaming and the launch of our new combined app housing both sports and iGaming in Ontario.”
He went on to add that Bally’s continues to focus on maximizing profitability throughout North America.
He said in closing: “We are evaluating our money-losing businesses in North America Interactive and refocusing efforts where we have faster paths to profitability."
Bally's is a global casino and entertainment company that owns and manages 14 casinos in 10 US states. Its casino operations have a total of 5,300 hotel rooms, 500 tables games and more than 15,800 slot machines.
The company recently took another step forward with its flagship Bally's Chicago casino construction project by signing a multi-project labor agreement (PLA) with both the Chicago & Cook County Building & Construction Trades Council (CCBT) and the AFL-CIO Building and Construction Trades Department.
