Earnings release
Page 1
Bally BALLY'S CORPORATION ANNOUNCES SECOND QUARTER 2021 RESULTS Record Revenues and Earnings as Strong Trends Continue Improved Consumer Confidence , Minimal Capacity Restrictions and Disciplined Operating Strategy Contribute to Historic Operating Levels PROVIDENCE , R.I. , - August 9 , 2021 - Bally's Corporation ( NYSE : BALY ) today reported financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial and Recent Highlights Revenue of $ 267.7 million Net income and diluted EPS of $ 68.9 million and $ 1.40 , respectively Adjusted EBITDA of $ 83.8 million Adjusted EBITDA margin of 31.3 % ● ● ● Completed acquisitions of three additional casinos and Bet . Works Launched global refinancing to fund acquisition of Gamesys and provide liquidity for continued growth George Papanier , President and Chief Executive Officer said , " We had record revenue and earnings performance in the quarter and remain confident that we will continue to benefit from rebounding demand across our land - based portfolio . Improved consumer confidence , minimal capacity restrictions and our disciplined operating strategy all contributed to extremely strong numbers across the board in the second quarter . " Papanier continued , " The closing of the Bet.Works acquisition was another significant step in our evolution to become a leading omni - channel provider . We continue to make progress on our transformative acquisition of Gamesys and look forward to closing that transaction during the fourth quarter . "