PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally’s Corporation (NYSE: BALY) announced today that it will release financial results for the fourth quarter 2023 after market close on Wednesday, February 21, 2024. Management will host a conference call on the same day at 4:30 p.m. EDT to discuss results. To access the conference call, please dial (800) 343-4136 (U.S. toll-free) and reference conference ID BALYQ423. An online audio webcast of the conference call will be available via the Investor Relations section of ...

Financial Performance - Total revenue for Q3 2023 was $632.5 million, an increase of 9.5% from $578.2 million in Q3 2022[246] - Income from operations decreased to $37.2 million in Q3 2023 from $53.7 million in Q3 2022[246] - Net loss for Q3 2023 was $61.8 million compared to a net income of $0.6 million in Q3 2022[246] - For the first nine months of 2023, total revenue reached $1,837.4 million, up from $1,679.0 million in the same period of 2022[246] - Total revenue for Q3 2023 increased by $54.2 million to $632.5 million, a 9.4% increase compared to Q3 2022[253] - Total revenue for the nine months ended September 30, 2023, rose by $158.4 million to $1.84 billion, a 9.4% increase compared to the same period last year[253] - Gaming revenue for Q3 2023 was $508.9 million, up $43.2 million or 9.3% from Q3 2022[253] - Non-gaming revenue for Q3 2023 was $123.6 million, an increase of $11.1 million or 9.8% compared to Q3 2022[249] - Net income for the nine months ended September 30, 2023, was $90.9 million, an increase of $28.9 million, or 46.6%, from $62.0 million in the same period last year[261] Operating Costs and Expenses - Gaming expenses for Q3 2023 increased by $31.9 million to $229.1 million, while for the nine months, they rose by $45.3 million to $665.7 million[254] - General and administrative expenses for Q3 2023 increased by $30.5 million to $230.6 million, and for the nine months, they rose by $152.3 million to $732.1 million[256] - Total operating costs and expenses for Q3 2023 were 94.1% of total revenue, compared to 90.7% in Q3 2022[250] - Total other expense increased by $3.2 million to $55.1 million for Q3 2023 and by $77.5 million to $176.0 million for the nine months ended September 30, 2023, primarily due to increased interest expense[259] Adjusted Performance Metrics - Consolidated Adjusted EBITDA for Q3 2023 was $141.6 million, a decrease of $9.3 million, or 6.2%, from $151.0 million in Q3 2022[261] - Adjusted EBITDAR for the Casinos & Resorts segment decreased by $0.6 million to $118.2 million for Q3 2023, while it increased by $30.9 million to $334.3 million for the nine months ended September 30, 2023[262] - Adjusted EBITDAR for the International Interactive segment increased by $9.2 million to $85.5 million for Q3 2023 and by $18.1 million to $250.4 million for the nine months ended September 30, 2023[262] Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2023, were $266.2 million, compared to $167.4 million in the same period last year[284] - The company is committed to invest approximately $100 million over five years to refurbish and upgrade Bally's Atlantic City facilities, with spending in 2023 estimated at $20 million[286] - The company is committed to investing $100 million in Rhode Island over the extended term of its master contracts, which includes expansions and new amenities[239] Debt and Financing Activities - The company has a senior secured term loan facility of $1.945 billion maturing in 2028 and a revolving credit facility of $620.0 million maturing in 2026[276] - As of September 30, 2023, the company had $2.03 billion of variable rate debt outstanding under its Term Loan and Revolving Credit Facilities[296] - During the nine months ended September 30, 2023, the company repurchased 1,774,845 common shares for an aggregate price of $30.5 million under its capital return program[273] - The company repurchased and retired $15.0 million of Senior Notes due 2031 at a weighted average price of 70.80% of the principal, recording a gain on extinguishment of debt of $4.0 million[274] Market and Operational Strategy - The company operates 16 land-based casinos across 10 states, with approximately 15,400 slot machines and 600 table games[230] - Bally's has a strategic focus on expanding its iGaming business, particularly in markets that are expected to regulate iGaming[231] - A new law in Rhode Island allows Bally's to be the exclusive provider of iGaming services for 20 years, starting March 1, 2024[232] - The company experienced incremental revenue from recent acquisitions, including Tropicana Las Vegas and Bally's Chicago, which commenced operations on September 9, 2023[253] - The company commenced operations at its Bally's Chicago temporary casino on September 9, 2023, which includes approximately 800 gaming positions[288] Currency and Foreign Transactions - Foreign currency transaction gains for Q3 2023 were $8.5 million, compared to $0.3 million in Q3 2022, indicating a significant increase[298] - For the nine months ended September 30, 2023, foreign currency transaction gains were $2.5 million, up from $2.2 million in the same period of 2022[298] - The majority of revenues are derived from the UK market, conducted in British Pound Sterling (GBP), making the company susceptible to GBP to US Dollar exchange rate fluctuations[298] - The company employs operational hedges, forward currency exchange rate contracts, and derivative financial instruments to mitigate currency exchange rate risks[298]

Bally's Corporation (NYSE:BALY) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Charlie Diao - Senior Vice President, Finance and Corporate Treasurer Robeson Reeves - Chief Executive Officer George Papanier - President Marcus Glover - Chief Financial Officer Soo Kim - Chairman of the Board Conference Call Participants Barry Jonas - Truist Securities Chad Beynon - Macquarie Dan Politzer - Wells Fargo Jordan Bender - JMP Securities Jonnathan Navarrete - TD Cowen Jeff Stantia ...

Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts and include statements about Bally’s Corporation’s (“Bally’s”) plans, objectives, expectations and intentions. Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking statements are based on Bally’s current expectations and assumptions. Although Bally’ ...

Bally's Corporation (NYSE:BALY) Q2 2023 Results Conference Call August 3, 2023 10:00 AM ET Company Participants Jeff Chalson - Vice President of Corporate Development and Strategy Robeson Reeves - Chief Executive Officer George Papanier - President Marcus Glover - Chief Financial Officer Jama Patel - Vice Chairman Conference Call Participants Barry Jonas - True Securities Jordan Bender - JMP Securities Dan Politzer - Wells Fargo Chad Beynon - Macquarie Jeff Stanial - Stifel David Katz - Jefferies Lance Vita ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38850 Bally's Corporation (Exact name of registrant as specified in its charter) Delaware 20-0904604 (State or other jurisdiction of incorporation or organization ...

Bally's Corporation (NYSE:BALY) Q1 2023 Earnings Call May 9, 2023 10:00 AM ET Company Participants Jeff Chalson - Vice President of Corporate Development and Strategy Robeson Reeves - Chief Executive Officer George Papanier - President Robert Lavan - Outgoing Chief Financial Officer Marcus Glover - Incoming Chief Financial Officer Jaymin B. Patel - Vice Chairman Conference Call Participants Barry Jonas - Truist Securities Jeffrey Stantial - Stifel Chad Beynon - Macquarie Daniel Politzer - Wells Fargo Lance ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38850 Bally's Corporation (Exact name of registrant as specified in its charter) Delaware 20-0904604 (State or other jurisdiction of incorporation or organizatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38850 | --- | --- | --- | --- | --- | |-----------------------------|-------|-------|-------------------------------|-------| | | | | | | | Exchange Act. | | | | | | ...

Bally's Corporation (NYSE:BALY) Q4 2022 Earnings Call Transcript Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Robeson Reeves - President, Interactive and Incoming Chief Executive Officer Robert Lavan - Chief Financial Officer George Papanier - President, Retail Conference Call Participants Zachary Silverberg - Wells Fargo Jeffrey Stantial - Stifel Barry Jonas - Truist Brandt Montour - Barclays David Katz - Jefferies Ricardo Chinchilla - Deutsche Bank Jordan Bender - JMP ...