Earnings Call Summary | Ballys(BALY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Ballys(BALY.US) Q1 2024 Earnings Conference
The following is a summary of the Bally's Corporation (BALY) Q1 2024 Earnings Call Transcript:
以下是巴利公司（BALY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Bally's Corporation reported Q1 2024 revenues of $618 million, reflecting a 3% year-over-year increase.
Casinos and Resort segments saw a 4% revenue increase, with North America Interactive segment experiencing 70% growth.
Revenue from the International Interactive segment declined by 4% due to operations outside the UK.
Net debt at the end of the quarter was reported at $3.57 billion with a cash balance of $169 million.
Margins experienced a 100 basis points drop in February and March, excluding certain segments, due to weather conditions and union increases obtained through collective bargaining.
Additional labor costs associated with the Rhode Island launch in Q1 further impacted margins.
巴利公司报告称，2024年第一季度收入为6.18亿美元，同比增长3％。
赌场和度假村板块的收入增长了4％，北美互动板块的收入增长了70％。
由于在英国以外的业务，国际互动板块的收入下降了4％。
本季度末的净负债为35.7亿美元，现金余额为1.69亿美元。
由于天气状况和通过集体谈判获得的工会增长，2月和3月的利润率下降了100个基点，不包括某些细分市场。
与第一季度在罗德岛的推出相关的额外劳动力成本进一步影响了利润率。
Business Progress:
业务进展：
The company's strategy focuses on optimizing core operations and offering market adaptability.
Bally's temporary Chicago facility provides key market insights and customer relationships.
Access to the River North campus is expected in July with the permanent casino to be completed by September 26.
In Las Vegas, the Tropicana facility was closed in preparation for demolition, with a new stadium expected to be constructed in the latter half of 2025.
North America Interactive Segment launched iGaming in Rhode Island, generating $1.2 million in gross gaming revenue within one month.
Despite licensing and approval delays in New York, the firm is working to expand its presence in the UK and expects benefits from recent advertising relaxation in Spain.
Measures have been taken to improve cost structure, market reach, and simplify operations, with robust database growth seen at the temporary Chicago facility.
The introduction of online Pachinko has garnered a significant volume of new signups in Asia.
该公司的战略侧重于优化核心运营和提供市场适应性。
Bally 在芝加哥的临时设施提供关键的市场见解和客户关系。
北河校区预计将于7月开放，永久赌场将于9月26日完工。
在拉斯维加斯，Tropicana设施已关闭，准备拆除，新体育场预计将在2025年下半年建成。
北美互动分部在罗德岛推出了iGaming，在一个月内创造了120万美元的游戏总收入。
尽管纽约的许可和批准延迟，但该公司仍在努力扩大其在英国的业务，并预计西班牙最近放松的广告将带来好处。
已采取措施改善成本结构、市场覆盖面和简化运营，芝加哥临时设施的数据库增长势头强劲。
在线弹珠机的推出在亚洲吸引了大量新用户。
More details: Ballys IR
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