Bally's (US:BALY)2022-11-04 09:49Business Strategy & Key Initiatives - Bally's aims to create engaging experiences everywhere through a unified online and retail wallet and omni-channel rewards program[5] - The company focuses on acquiring, engaging, and retaining customers through media partnerships, free-to-play games, and exclusive content[19, 21] - Bally's is tying together physical and online experiences, establishing brand presence with flagship properties like Bally's Chicago, which is expected to have 4.5 million admissions annually after the permanent facility opens in June 2026[28, 30] - The company acquired Tropicana Las Vegas in September 2022 to establish a global presence in Las Vegas[33] Financial Performance & Outlook - Gamesys' revenue evolved from $89 million in FY2010A to $1.083 billion in FY2021A, representing a CAGR of 25.5%[46] - The company anticipates approximately $400 million in EBITDAR from Casinos & Resorts on ~$1.15+ billion in revenues for 2022[55] - Bally's projects a 2022 Adjusted EBITDA loss of approximately $75 million for North America Interactive[55] - The company's 2022 guidance includes $2.25 billion in sales and $540 million in Adjusted EBITDA[55] Debt and Capital Expenditures - As of September 30, 2022, Bally's had $166 million in cash and cash equivalents and a total net debt of $3.339 billion[52] - Total capital expenditures for 2022 are projected at $250 million, including $110 million for casino expansion, $60 million for casino maintenance, $60 million for interactive SDC, and $20 million for corporate integration[56] Environmental, Social, and Governance (ESG) - Bally's is focused on reducing its carbon footprint, with the Lincoln property in Rhode Island reducing its footprint by an average of 2,327 tons per year[61] - Gamesys achieved carbon neutral certification by the Carbon Trust[61] - Bally's is committed to diversity and inclusion across all levels of the organization[65]