Home > Finance > Full year results > Bally’s confirms $425.5m net loss for 2022

Bally’s confirms $425.5m net loss for 2022

| By Robert Fletcher
Bally’s Corporation posted a net loss of $425.5m for its 2022 financial year, primarily due to impairment charges, although the operator was able to report a 70.7% increase in revenue.
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Earlier this month, Bally’s revealed in its preliminary results that it would likely post a large net loss for the 12 months to 31 December as a result of impairment charges, in particular a $390.7m charge related to its North America interactive business in the fourth quarter.

The final FY net loss was slightly higher than preliminary guidance, although incoming chief executive and current president of interactive, Robeson Reeves, was upbeat about the operator’s wider performance in 2022.

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