Bally's Posts 2020 Loss

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.


Post new comment

There are currently no comments on this page. Be the first!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.