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Bally’s reports 826% rise in Q2 revenue

Bally’s Corporation has reported revenue of $267.7m for the second quarter of 2021, an 826% increase from the prior year period.

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Revenue for the East segment increased from $122m to $132.4m year-on-year, with the West segment reporting an increase from $109.7m to $127.9m. It marks the largest single largest revenue quarter in the company’s history.

The company’s East segment includes venues such as Twin River Casino Hotel, Dover Downs, and Bally's Atlantic City, while West venues include Hard Rock Biloxi, Casino Vicksburg, and Bally's Kansas City.

Bally’s noted that the primary reason behind the increase was the reduction of Covid-19 restrictions, with all properties now operating at full capacity as of quarter end, compared to the closure of properties from mid-March to June last year.

Net income for Q2 2021 was $68.9m, with adjusted EBITDA of $83.8m.

“We had record revenue and earnings performance in the quarter and remain confident that we will continue to benefit from rebounding demand across our land-based portfolio,” said Bally's President and CEO George Papanier.

“Improved consumer confidence, minimal capacity restrictions and our disciplined operating strategy all contributed to extremely strong numbers across the board in the second quarter.”


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