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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
巴利公司報告稱，2024年第一季度收入爲6.18億美元，同比增長3％。
賭場和度假村板塊的收入增長了4％，北美互動板塊的收入增長了70％。
由於在英國以外的業務，國際互動板塊的收入下降了4％。
本季度末的淨負債爲35.7億美元，現金餘額爲1.69億美元。
由於天氣狀況和通過集體談判獲得的工會增長，2月和3月的利潤率下降了100個點子，不包括某些細分市場。
與第一季度在羅德島的推出相關的額外勞動力成本進一步影響了利潤率。
Business Progress:
業務進展：
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.
該公司的戰略側重於優化核心運營和提供市場適應性。
Bally 在芝加哥的臨時設施提供關鍵的市場見解和客戶關係。
北河校區預計將於7月開放，永久賭場將於9月26日完工。
在拉斯維加斯，Tropicana設施已關閉，準備拆除，新體育場預計將在2025年下半年建成。
北美互動分部在羅德島推出了iGaming，在一個月內創造了120萬美元的遊戲總收入。
儘管紐約的許可和批准延遲，但該公司仍在努力擴大其在英國的業務，並預計西班牙最近放鬆的廣告將帶來好處。
已採取措施改善成本結構、市場覆蓋面和簡化運營，芝加哥臨時設施的數據庫增長勢頭強勁。
在線彈珠機的推出在亞洲吸引了大量新用戶。
More details: Ballys IR
更多詳情： Ballys IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。