Bally’s Corporation executives recently held their second-quarter earnings call, during which they proudly touted the company’s significant online growth and the progress being made on their upcoming Chicago casino project.
According to the executives, Bally’s online gaming segment saw a remarkable 298% increase in revenue compared to the same period last year. This growth can be attributed to the company’s aggressive expansion into the digital space, as well as their strategic partnerships with leading online gaming providers.
“We are thrilled with the rapid growth of our online gaming business,” said George Papanier, President and CEO of Bally’s Corporation. “Our continued focus on innovation and customer experience has paid off, and we are excited about the future developments in this space.”
In addition to their online success, Bally’s executives also provided an update on the progress of their highly anticipated Chicago casino project. The company recently secured the necessary approvals and permits to move forward with the development, and construction is expected to begin in the coming months.
“We are making great strides in the development of our Chicago casino, and we are confident that it will be a major success for our company,” said Soo Kim, Chairman of Bally’s Corporation. “With its prime location and world-class amenities, we believe that this project will become a premier destination for gaming and entertainment in the region.”
Overall, Bally’s Corporation reported a strong second-quarter performance, with total revenue reaching $204 million, a 31% increase from the same period last year. The company’s stock price also saw a significant boost following the earnings call, further highlighting investor confidence in Bally’s growth prospects.
Looking ahead, Bally’s executives remain optimistic about the company’s future prospects, citing their strong financial position and diverse portfolio of gaming assets as key drivers of continued success. With a focus on online growth and exciting new projects on the horizon, Bally’s Corporation is well-positioned to continue its upward trajectory in the gaming industry.
