{"id":75,"date":"2024-06-13T11:16:05","date_gmt":"2024-06-13T08:16:05","guid":{"rendered":"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/"},"modified":"2024-06-17T12:58:08","modified_gmt":"2024-06-17T09:58:08","slug":"ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships","status":"publish","type":"post","link":"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/","title":{"rendered":"Ballys Soars in Q2 2022 with Record Revenue and Strategic Partnerships"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Ba9od2dcsDk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ballys Corporation significantly exceeded its earnings projections for the second quarter of 2022, achieving a substantial $552.5 million in revenue compared to $226.7 million during the corresponding period the previous year.  This exceptional outcome propelled Bally&#8217;s to the forefront of the industry for the quarter.  For comparison, Caesars Entertainment reported an 11% rise in revenue, MGM Resorts attained 44%, Penn Entertainment lagged with 5%, and Boyd Gaming experienced a marginal 0.1% gain.<\/p>\n<p>Despite this, Bally&#8217;s net income reached $59.5 million, indicating a 10.8% profit margin.  This signifies a decrease from the prior year&#8217;s $68.9 million and 25.8% margin.<\/p>\n<p>Conversely, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) surged to $141.2 million, demonstrating a robust 25.6% margin. This surpassed the previous year&#8217;s results of $82.8 million and a 30.9% margin.<\/p>\n<p>Bally&#8217;s Chief Executive Officer, Lee Fenton, emphasized the company&#8217;s accomplishments, remarking, &#8220;Our Q2 results demonstrate sustained strength in our Casinos &#038; Resorts division, unprecedented margins in our International Interactive division, and ongoing advancements in our North America Interactive division, particularly with the June introduction of BallyCasino.com in New Jersey; all while navigating substantial foreign exchange fluctuations and our obstacles in Atlantic City.&#8221;<\/p>\n<p>Fenton further underscored their dedication to financial soundness, stating, &#8220;We are satisfied with our record operating cash flow this quarter and remain dedicated to advancing cash flow strategies moving forward.&#8221;<\/p>\n<p>In a strategic maneuver, Bally&#8217;s announced the successful conclusion of its modified &#8220;Dutch auction&#8221; tender offer in July.  The company repurchased an impressive 4.7 million shares of common stock at $22.00 per share, amounting to a considerable $1.033 billion. <\/p>\n<p>Ballys has partnered with the iconic New York Yankees! They just inked an agreement to be the team&#8217;s authorized sports wagering provider.  This is a major move for Bally&#8217;s, representing their initial collaboration with a New York sports franchise since their online sports betting platform debuted in the state in July 2022.  It&#8217;s worth noting they were the ninth provider to enter the market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ballys Corporation significantly exceeded its earnings projections for the second quarter of 2022, achieving a substantial $552.5 million in revenue compared to $226.7 million during the corresponding period the previous year. This exceptional outcome propelled Bally&#8217;s to the forefront of the industry for the quarter. For comparison, Caesars Entertainment reported an 11% rise in revenue, [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally<\/title>\n<meta name=\"description\" content=\"Bally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballys Soars in Q2 2022 with Record Revenue and Strategic Partnerships\" \/>\n<meta property=\"og:description\" content=\"Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Inner Casino Pro | Licensed Games &amp; Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T08:16:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:58:08+00:00\" \/>\n<meta name=\"author\" content=\"Jacob &quot;Jax&quot; Phillips\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jacob &quot;Jax&quot; Phillips\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/\",\"url\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-13T08:16:05+00:00\",\"dateModified\":\"2024-06-17T09:58:08+00:00\",\"author\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#\/schema\/person\/8a57caaf958e45196e9da690969a91cc\"},\"description\":\"Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/2024\/06\/13\/ballys-soars-in-q2-2022-with-record-revenue-and-strategic-partnerships\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/newcasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Soars in Q2 2022 with Record Revenue and Strategic Partnerships\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newcasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/newcasinonodepositbonuscodes.icu\/\",\"name\":\"Unleash Your Inner Casino Pro | Licensed Games &amp; Latest News\",\"description\":\"Indulge in the thrill of licensed online gambling through our up-to-date news, comprehensive reviews, and expert articles. 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