Bally's Corporation Announces Fourth Quarter and Full Year 2023 Results with Consolidated Revenues of $611.7 Million

Fourth Quarter 2023 Results and Operating Highlights:

• Consolidated revenues reached $611.7 million, marking a 6.1% increase year-over-year and an 8.6% increase for the full year.
• Casinos & Resorts revenues amounted to $342.3 million, showing a 7.2% increase year-over-year.
• International Interactive revenues totaled $236.0 million, reflecting a 2.1% increase year-over-year.
• North America Interactive revenues stood at $33.4 million, with a significant 26.9% increase year-over-year.
• The Chicago Temporary Casino commenced 24/7 operations on December 27th, achieving a record $10 million GGR in its first full month of 24/7 operations in January.
• Bally's repurchased 5.8 million shares of common stock for $68.6 million during the quarter.

Robeson Reeves, Bally’s Chief Executive Officer, stated, "Bally’s completed a successful 2023 with healthy results across all our business segments. Revenues in the fourth quarter grew 6.1% year-over-year to $611.7 million, reflecting continued growth in our Casinos & Resorts, International Interactive, and North America Interactive segments. For the full year, revenues grew 8.6% versus 2022."

"In the fourth quarter, Casinos & Resorts revenues rose 7.2% year-over-year, demonstrating solid quarterly Adjusted EBITDAR margins of 27.7%. International Interactive delivered another strong quarter, with revenues increasing 2.1% year-over-year to $236.0 million, and an all-time quarterly record Adjusted EBITDAR of $93.2 million. North America Interactive achieved fourth quarter revenues of $33.4 million, representing a 26.9% increase year-over-year."

"Our corporate and property-level teams delivered on an active year of building our growth pipeline, including the opening of the Chicago Temporary Casino and the approved relocation of the Las Vegas A’s to our Tropicana site."

George Papanier, Bally’s President, added, "The soft opening of the Chicago Temporary Casino on September 9th was a key 2023 milestone. Key improvements have included the expansion to 24/7 operations and increased VIP amenities."

"Looking ahead, Bally’s expects to generate full year 2024 revenues in a range of $2.5 billion to $2.7 billion and Adjusted EBITDAR in a range of $655 million to $695 million."