Zona de Azar USA – Bally’s Corporation Announces Record-Breaking Revenue Amid Gamesys Acquisition

USA.- November 04, 2021 www.zonadeazar.com Bally’s Corporation has today announced the company’s financial results for the period ending September 30, 2021.

Q3 has seen the operator earn record revenue of $314.8m, a year-on-year increase of 170% or $198.2m.

While revenue was high, the group recorded a net loss of $14.7m, compared to a net income of $6.7m found in the last comparable period. Meanwhile, Bally’s retail casinos earned record numbers, bringing in revenue of $301m and a net income of $49.4m.

Adjusted EBITDA increased by $40m year-on-year, coming in at $78m.

These results come in the context of Bally’s acquisition of the UK-based gaming company Gamesys Group. Lee Fenton, CEO of Bally’s, highlighted the move when speaking on the company’s Q3 results.

He said: “On October 1, 2021, Bally’s completed its transformational acquisition of Gamesys Group – a strategic combination that further advances Bally’s global, data-driven, omni-channel strategy.

“As a result, our business is evolving from a regional casino operator into an industry leader in retail, sports, media and iGaming, which will see us harness a set of assets that provides a formidable platform for growth as a digital-first leader in global gaming entertainment.”

In regard to Gamesys, the newly acquired company saw record revenue in Q3, coming in at $278.6m. Other highlights include the entering of a credit agreement for senior secured credit facilities consisting of a $1.95bn senior secured first term loan.

Bally’s currently owns and manages 14 casinos across 10 states as well as a racetrack in Colorado. The organization is also licensed to operate online sports betting in 15 states.

Edited by: @_fonta  www.zonadeazar.com