Bally’s Corporation reported a 5.8% increase in Q2 revenue, reaching $657.5 million. Growth in its Casinos & Resorts and U.K. Online divisions helped make up for the loss from selling its Asia interactive business last year. Casinos & Resorts revenue rose 14.7% to $393.3 million, boosted by four new regional properties acquired from The Queen
Bally’s Corporation reported a 5.8% increase in Q2 revenue, reaching $657.5 million.
Growth in its Casinos & Resorts and U.K. Online divisions helped make up for the loss from selling its Asia interactive business last year. Casinos & Resorts revenue rose 14.7% to $393.3 million, boosted by four new regional properties acquired from The Queen Casino & Entertainment in February. North America Interactive also improved, with revenue up 21.5% to $56.5 million and a swing to a $2.5 million adjusted EBITDAR profit from a $2.2 million loss a year ago.
International Interactive revenue dropped 10.2% to $206.1 million, mainly because of the exit from Asia. Without those operations, revenue was actually up 10%, driven by an 8.8% jump in U.K. online revenue and steady growth in Spain.
Chief Executive Robeson Reeves said:
“Our second quarter results reflect milestone achievements and marked progress on our continued business transformation as the new Bally’s 2.0.”
Bally’s also completed a AUD $200 million ($133 million) strategic investment in Star Entertainment Group, with the option to raise its stake to 38%. The move aligns with the company’s strategy of backing underperforming operators to raise shareholder value.