Impairment charge pushes Bally’s preliminary Q4 losses to $477m
| By Zak Thomas-Akoo
A significant impairment charge may cause Bally’s losses to rise more than 300% year-on-year to $476.8m (£394.3m/€446.2m) according to its preliminary Q4 results, even as revenue is set to remain stable at $576.7m during the quarter.
Bally’s released its preliminary fourth quarter and full year 2022 results today (13 February).
If the fourth quarter preliminary revenue is accurate, this will be a gain of 5.2% year-on-year.