Bally’s to report high Q2 results

Bally’s to report high Q2 results

While official data will be released in August, the casino operator has anticipated results for the second quarter.

US.- Bally’s has forecast total consolidated revenue of $258m – $268m for the second quarter, a year-on-year increase of up to 823.3 per cent.

Adjusted EBITDA is expected to be $80m-$84m. Due to the impact of Covid-19 the same quarter in 2020 saw revenue of $28.9m and EBITDA a negative $10.7m.

Bally’s said it will release financial results for the second quarter prior to the market opening on Monday August 9.

Bally’s has also updated its financing plans for its Gamesys acquisition. It has organised bridging finance through Deutsche Bank in London, Goldman Sachs USA and Barclays Bank to refinance the debts of both itself and Gamesys through capital market transactions, which will probably include public or private bond offerings.

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