Bally's Posts 2020 Loss

This story was published more than 3 years ago.

American gaming firm Bally's Corporation posted a net loss of $5.5 million in 2020 due largely to the forced closure of casinos related to the Covid-19 pandemic.

Revenues for the year came in at $372.8 million, down from $523.6 million the year prior. Gaming revenues were down 20.7% to $291.7 million, while racing revenues were down $13.1 million to $6.4 million.

Hotel revenues fell 36.7% to $24.7 million, with food and beverage revenue down 54.1% to $32.1 million. Other revenues totaled $17.8 million, down 47% from last year.

Commenting on the results Bally's CEO George Papanier said,"2020 was a truly remarkable year for Bally's. Amid the ongoing impact of the Covid-19 pandemic, we continued to systematically execute our strategic growth and development initiatives."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.