M&A
confidence high
sentiment negative
materiality 0.60
Bally's files Queen Casino audited results: 2024 net loss $12.1M on $225M revenue
Bally's Corp
- Queen Casino 2024 revenue $225.2M (+13.7% YoY), gaming revenue $212.5M.
- Net loss of $12.1M in 2024 vs net income of $102.5M in 2023, driven by $13.1M loss on marketable equity securities.
- Total assets of $643.7M, liabilities $427.0M, equity $216.8M as of Dec 31, 2024.
- Marcum LLP issued unqualified audit opinion on Queen's 2024 and 2023 consolidated financial statements.
- Bally's also filed unaudited pro forma combined financials for the year ended Dec 31, 2024 (Exhibit 99.2).