Bally’s revises full-year projections downwards after H1 results

| By Daniel O'Boyle
Bally’s revised both its revenue and earnings projections downwards following its Q2 results, in which the acquisition of Gamesys among other businesses helped boost revenue beyond $500m.

The operator had previously projected revenue of between $2.4bn and $2.5bn, with adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) expected to be between $560m and $580m.

However, it has now downgraded the revenue figure to between $2.2bn and $2.4bn, while EBITDA projections are now between $535m and $550m.

This, it said, was due to results so far this year, as well as foreign exchange movements and lower expectations in Atlantic City.

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