Bally’s Corporation has become a member of the not-for-profit body, the International Betting Integrity Association.
The IBIA is run by operators for operators to protect regulated sports betting markets from match-fixing. Bally’s CEO Robeson Reeves said that the new partnership “aligns with our commitment to provide a safe and secure betting environment for our customers.”
Meanwhile, Bally’s also announced quarterly results for the period ending June 30, 2004, which Robeson described as “solid.” Consolidated, company-wide revenue grew 2.5 per cent year-on-year to US$621.7m, with an Adjusted EBITDAR of $161.8m
“Bally’s delivered solid 2024 second quarter operating results during what remains an active period for our company,” said Reeves. “Consolidated revenue grew 2.5 per cent to $621.7 million, driven by three per cent growth in Casinos & Resorts revenue, 94.7 per cent growth in North America Interactive revenue, and nine per cent UK revenue growth, a record performance.
“This was offset by declines in Asia and other markets, resulting in a 7.4 per cent overall decline in International Interactive revenue. Subsequent to the second quarter end, we entered into a binding term sheet for a $940m strategic construction and financing arrangement with Gaming & Leisure Properties which includes funding to complete the construction of our flagship permanent casino in the heart of downtown Chicago.
“The arrangement also includes sale-leaseback transactions for our Kansas City and Shreveport properties for $395m and reiterates our intentions for a sale-leaseback of our Lincoln property for $735m.”
