Bally’s Corporation reported net revenue of US$2.45 billion in 2023. In other words, this represents an increase of 8.6% year over year.
Annual revenue from Casinos and Resorts was US$1.36 billion, an increase of 11% compared to the previous year. EBITDAR was $653.1 million and Bally reported a net loss of $172.6 million.
Bally to present proposal for a new casino in New York
Fourth quarter consolidated revenues were $611.7 million in the fourth quarter, an increase of 6.1% year over year.
The recorded amount of the Casinos and Resorts segment was US$236 million.
International Interactive’s revenue was $236 million, an increase of 2.1%, and North America Interactive’s revenue was $33.4 million.
George Papanier, President of Bally, said, “The opening of the Chicago Temporary Casino was an important milestone for 2023. Since opening, the team has been working to accelerate operations and bring us closer to our desired revenue rate.”
The main improvements were:
- Expanding to 24/7 operations
- Addition of VIP accommodations
- Increased parking
- Adding guest transportation options
Thus, according to Papanier, the operational team continues the process of improving all temporary casinos, while moving forward with financing for a permanent casino.
At the end of January, Bally announced the closure of Tropicana Las Vegas from April 2nd. But while this will end the history of this iconic property, the closure will allow preparations to be made to host Major League Baseball.
Therefore, the expectation now is that the owners will present a proposal to build a world-class casino and resort on Bally’s Golf Links course in the Bronx, New York.
