Bally’s slips to full-year loss as Covid-19 pushes revenue down 28.8%

Overall revenue for the 12 months through to December 31 stood at $372.8m (£266.8m/€309.7m), down from $523.6m in the previous year, when it still used the Twin River brand name.

Revenue was down across all business segments as the temporary closure of its casinos due to novel coronavirus (Covid-19) restrictions in states across the US.

Gaming remained by far the operator’s primary source of income, but revenue fell 20.7% year-on-year to $291.7m, while racing revenue more than halved from $13.1m to $6.4m.

Closures meant hotel revenue fell by 36.7% to $24.7m, while food and beverage revenue declined 54.1% to $32.1m and other revenue 47.0% to $17.8m.

Read the full story on iGB North America.

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