Bally’s Corporation released its Q4 2024 earnings report, revealing a 5.1% year-over-year revenue drop to $580.4 million. The company continues to expand its footprint with new developments and acquisitions, positioning itself for long-term growth. Bally’s Q4 2024 earnings highlight shifting trends across its gaming segments.

  • Casinos & Resorts revenue fell 5.2% to $324.4 million, reflecting ongoing challenges in regional gaming markets. Weakness in locations like Rhode Island due to bridge construction impacted visitation, while Atlantic City’s performance was affected by a transition in marketing strategy.

  • International Interactive revenue declined 9.1% to $214.5 million, primarily due to market exits and divestitures. However, U.K. online revenue grew 11.3%, supported by strong player retention and revenue optimization efforts.

  • North America Interactive revenue surged 24.4% to $41.5 million, with strong growth in online gaming. The launch of the Monopoly Casino app in New Jersey and the Bally Bet sports betting platform in Tennessee contributed to the positive momentum.

  • Acquisitions bolster Bally’s portfolio, including the completion of deals with Standard General and The Queen Casino & Entertainment. Queen’s four properties added $57.6 million in Q4 revenue and $225.2 million for the full year.

  • Adjusted EBITDAR for the Casinos & Resorts segment dropped 14.6% to $80.9 million, attributed to increased costs and lower revenue flow-through. However, Kansas City operations showed strength following the opening of a new high-limit room.

  • International Interactive Adjusted EBITDAR decreased 12.4% to $81.6 million due to lower margins. However, excluding divested markets, revenue in regulated European markets grew 12.9%, demonstrating strong underlying performance.

  • North America Interactive segment posted a loss of $12.3 million in Adjusted EBITDAR, impacted by a transition to a unified platform. The company expects this to improve in Q1 2025 as platform stability increases.

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