Bally’s reported consolidated revenue of $618.5m for the first quarter of 2024, up 3.3% year on year. Casino & Resorts revenue rose 4.1% to $342.3m and North America Interactive revenue increased 70.2% to $41.5m, while International Interactive revenue fell 4.4% to $234.7m.
The results show contrasting revenue trends across Bally’s segments, including growth in North America Interactive and a decline internationally.
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EveryMatrix announced Jonas Groes will become co-CEO alongside Ebbe Groes in the new year. The year-end review also says Lara Falzon became Yolo Group’s B2B chief executive during the summer and Robeson Reeves took over at Intralot under its deal with Bally’s.
Intralot appointed Robeson Reeves as chief executive after completing its €2.7bn acquisition of Bally’s interactive assets, the company said. Bally’s became Intralot’s majority shareholder with a 58% stake; Nikolaos Nikolakopoulos became president, while Chrysostomos Sfatos was appointed chief operating officer.
Roundhill Sports Betting & iGaming ETF lost 2% last week, underperforming the S&P 500 for a second consecutive week, reportedly as concerns about the US economy weighed on consumer discretionary stocks. Robinhood shares rose 13.6% after its inclusion in the S&P 500 was announced, while Bally’s gained 7.4%; Century Casinos fell 8.3%.
Intralot CEO Nikolaos Nikolakopoulos said the combined group plans to launch one or two B2C products in a new market each year once its merger with Bally’s completes. Bally’s International Interactive CEO Robeson Reeves said the business’s UK customer-retention approach had adapted to online slots stake limits introduced in April. He cited a 14% UK market share for Bally’s iGaming brand.
Intralot agreed to acquire Bally’s International Interactive Division in a cash-and-shares transaction valued at €2.7 billion ($3.18 billion), according to the report. The transaction is expected to close in Q4 2025, subject to regulatory and shareholder approvals; Bally’s ownership of Intralot would rise to 33.34%.