Bally's Reports Q4 Revenue Dip, Mixed 2024 Results

Bally’s Corporation reported a challenging financial quarter ending December 31, 2024, with a 5.1% decline in revenue to $580.4 million, primarily driven by a decrease in its Casinos & Resorts and International Interactive segments. The Casinos & Resorts division saw a 5.2% drop in revenue, while the International Interactive segment experienced a 9.1% decline, despite growth in UK online operations. However, Bally's North America Interactive division provided a silver lining with a 24.4% increase in revenue, contributing to a full-year revenue of $2.45 billion, largely unchanged from 2023. Significant developments included the start of construction on a permanent casino in Chicago and the completion of a merger with Queen Casino & Entertainment, expected to enhance Bally’s growth prospects. CEO Robeson Reeves described 2024 as a transitional year, emphasizing the company's focus on optimizing operations and leveraging recent acquisitions. Despite current challenges, management remains optimistic about the long-term potential of their diversified gaming portfolio.