Bally’s reports Q1 revenue growth as it raises funds for Gamesys acquisition

| By Nosa Omoigui
US operator Bally's Corporation has announced its revenue exceeded $185m during the first quarter of 2021, as it prepares to acquire UK-based online operator Gamesys. 
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Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the same period was in excess of $50m, and both figures represent a marked increase on the same period in 2020, when Bally’s reported $109.1 million in revenue and $22.1 million in Adjusted EBITDA.

These increases can be attributed to a relaxation of Covid-19 protocols which were in place for much of 2020, including the final weeks of Q1.

Read the full story at iGB North America.

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