Bally’s Corporation has published its financial results for the third quarter. The company posted an all-time overall revenue high of $632.5m.
Company revenue in the third quarter grew by 9.4% year-over-year.
Casino and resorts revenue yielded similar results in Q3, with this quarter’s total reaching $359m. The total reflected a 9.3% year-over-year increase.
International interactive revenue grew by 7.2% when compared to results from this time last year. The company posted total international interactive revenue of $243.9m.
Company CEO Robeson Reeves commented further on this quarter’s results by saying, "Bally's continued to generate very solid operating results across all three of our business segments as revenues rose to $632.5m, a 9.4% year-over-year increase, while also achieving significant development and project milestones.”
He went on to discuss the Chicago Temporary Casino opening and other third-quarter projects.
Reeves said, “These [milestones] included the highly anticipated opening of our Chicago Temporary Casino as well as the completion of our reconceptualized Kansas City redevelopment.
“Additionally, we successfully rolled out our new Bally Bet OSB app, strengthening our solid foundation as we approach 2024.”
Company President George Papanier said the company is financially positioned well for the next quarter.
He commented, "Bally's portfolio of assets remains well-positioned, and has demonstrated significant year-over-year revenue growth. We continue to take share in our respective markets, which the monthly gaming data illustrates, as we outperformed peers in most states.
“While we are closely monitoring consumer spending, we haven't seen major shifts in customer behavior, with the exception of very specific instances.”
