Bally’s has released preliminary unaudited financial results for the three months ending June 30.
Bally’s anticipates total consolidated revenue of $258 to $268 million for the three-month period ending June 30, 2021. And it expects an adjusted EBITDA of $80 to $84 million. In the second quarter of 2020, total consolidated revenue was $28.9 million, with adjusted EBITDA of negative $10.7 million.
Bally’s does not intend to issue additional common equity or draw on the previously disclosed Gaming and Leisure Properties, Inc. commitment to fund the Gamesys acquisition. It is as a result of ‘better-than-expected operating performance at its land-based retail casinos and interactive businesses.
Bally’s has stated that it is continuing to evaluate investment opportunities with potential strategic partners. But that such investment is not necessary to fund the Gamesys acquisition.
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