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Bally's Corporation Announces Fourth Quarter And Full Year 2020 Results


Bally s Corporation Announces Fourth Quarter And Full Year 2020 Results
COMPANY ESTABLISHES FOUNDATION OF ITS INTERACTIVE DIVISION
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PROVIDENCE, R.I., March 4, 2021 /PRNewswire/  Bally s Corporation (NYSE: BALY) (the Company or Bally s ), today reported financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 and Recent Highlights
Net income increased 51.4% year-over-year to $20.2 million, driven primarily by bargain purchase gains, as well as margin improvements and increased operational efficiencies
Adjusted EBITDA decreased 47.6% to $21.1 million year-over-year, impacted by COVID-19 related regional capacity and health limitations
Despite the difficulties in the quarter, the Company generated cash from operating activities of $17.8 million in the fourth quarter of 2020 compared to $21.4 million for the same period 2019 ....

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