Bally’s Corporation has published its Q2 2022 financial results, with revenue amounting to $552.5m, a notable increase from the Q2 2021 total of $226.7m.
This result marks Bally’s as one the quarter’s best performers when compared to competitors: Caesars reported an 11% increase, MGM Resorts 44%, Penn Entertainment 5% and Boyd Gaming just 0.1%.
Bally’s net income stood at $59.5m, with a margin of 10.8%, representing a fall from the previous year’s $68.9m and a margin of 25.8%.
Adjusted EBITDA rose to $141.2m with a margin of 25.6%, from $82.8m with a margin of 30.9%.
Bally’s CEO Lee Fenton said: “Our second quarter results reflect continued strength in our Casinos and Resorts segment, record margins in our International Interactive segment and continued growth in our North America Interactive segment particularly in BallyCasino.com in New Jersey; despite headwinds from significant FX volatility and challenges in Atlantic City.