Bally's International Interactive Reports Strong Financial Growth

By Greg Peters • Monday, August 18 10:18 • Permanent Link

Bally's International Interactive, the digital division of Bally's Corporation, has reported its carve-out consolidated financial statements for the year ended December 31, 2024, and 2023. Here are the key financial highlights and changes from the previous period:

Net Gaming Revenue (NGR): BII reported NGR of €685.6 million for the year ended December 31, 2024, representing an 11.7% increase from the prior year, which stood at €613.6 million in 2023.
Net Income Before Taxes: The net income before taxes increased to €224.6 million for the year ended December 31, 2024, compared to €198.9 million for the year ended December 31, 2023.
Cash Flow and Liquidity: Net cash generated from operating activities was €304.7 million for the year ended December 31, 2024, a significant increase from €137.4 million in the previous year, indicating improved liquidity.
Cash and Cash Equivalents: BII maintained a strong liquidity position with €31.0 million in cash and cash equivalents at year-end, up from €27.4 million in 2023.
Intangible Assets: Intangible assets, net, increased to €100.6 million in 2024 from €86.1 million in 2023, reflecting continued investment in intangible assets.
Goodwill: The goodwill of BII increased to €1,100.7 million in 2024 from €1,051.9 million in 2023, indicating additional value associated with the business.
Total Assets: The total assets of BII stood at €1,340.9 million for the year ended December 31, 2024, compared to €1,559.3 million for the year ended December 31, 2023, indicating a decrease in total assets.
Total Liabilities: The total liabilities increased to €197.8 million in 2024 from €123.4 million in 2023, suggesting higher financial obligations.

These financial metrics illustrate the performance and financial position of Bally's International Interactive, reflecting notable changes and growth in key areas compared to the previous year. Following these announcements, the company's shares moved -0.85%, and are now trading at a price of $9.33. For the full picture, make sure to review Bally's Corp's 8-K report.

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