Bally’s sees profit soar during Q2 ahead of Gamesys deal

Bally’s Corporation recorded net profit of $68.9m for the second quarter of 2021, marking a significant increase when compared to the same period last year.


The figure is an increase of $92.5m from 2020, when the operator made a loss of $23.6m amid venue closures because of the novel coronavirus (Covid-19) pandemic.

Bally’s also enjoyed the single largest revenue quarter in company history, recording revenue figures of $267.7m – 826.3% higher than this time last year. $132.4m came from the East segment whilst the West segment generated $127.9m.

The easing of Covid-19 restrictions aided business, with all venues operating at full capacity by the quarter’s end. This is in contrast to 2020 when properties were closed between March and June.

Operating expenses for Bally’s reached $187.2m, rising 275.5% from last year. General and administrative costs were the largest expense, shooting up to $101.2m.

Read the full story on iGB North America.