Bally’s Corporation Announces Strong 2023 Performance and Optimistic 2024 Outlook
Bally’s Corporation has released its financial outcomes for the fourth quarter and the entirety of 2023, showcasing significant growth and operational milestones.

The fourth quarter witnessed consolidated revenues of $611.7 million, marking a 6.1% increase from the previous year, with the annual revenue climbing to $2.449 billion, an 8.6% rise from 2022. This growth is attributed to the robust performance across Bally’s Casinos & Resorts, International Interactive, and North America Interactive segments.
Casinos & Resorts and Interactive Segments Flourish
The Casinos & Resorts sector saw a 7.2% year-over-year revenue increase to $342.3 million in the fourth quarter, driven by strategic operations and market share expansion.
The International Interactive segment also reported a revenue rise to $236 million, benefitting from optimization and cost-streamlining measures. Meanwhile, the North America Interactive segment experienced a remarkable 26.9% revenue surge to $33.4 million, reflecting the potential for future growth in digital gaming.
Strategic Developments and Future Plans
Bally’s strategic initiatives, including the commencement of 24/7 operations at the Chicago Temporary Casino and the anticipated development of the Permanent Casino, signal the company’s commitment to enhancing its portfolio and guest experience.
The impending closure of Tropicana Las Vegas in preparation for the new era of development underscores Bally’s focus on long-term growth prospects.
Financial Health and Share Repurchase Program
Bally’s financial health remains solid, with the company repurchasing 5.8 million shares for $68.6 million in the fourth quarter, demonstrating confidence in its growth trajectory.
The 2024 guidance projects revenues between $2.5 billion and $2.7 billion, with Adjusted EBITDAR expected in the range of $655 million to $695 million, reflecting optimism for continued growth and operational efficiency.
Our Comment on the Article: Navigating Future Success
Bally’s Corporation’s strong performance in 2023 and strategic positioning for 2024 highlight the company’s resilience and adaptability in a dynamic gaming landscape. The focus on operational efficiency, market expansion, and innovative developments, such as the Chicago casino projects, positions Bally’s for sustainable growth.
As Bally’s continues to navigate the challenges and opportunities ahead, its commitment to delivering value to stakeholders and enhancing the guest experience remains paramount. The company’s strategic foresight and disciplined execution underscore its potential to lead in the evolving gaming and entertainment industry.
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