Barry Jonas's questions to Bally's Corp (BALY) leadership • Q1 2024
Question
Barry Jonas from Truist Securities inquired about the sustainability of growth in the U.K. International Interactive segment, the potential of the Spanish market after ad restrictions were lifted, and the impact of Providence bridge construction on Rhode Island properties.
Answer
CEO Robeson Reeves stated that U.K. performance is solid and sustainable due to high customer retention and effective brand campaigns, with sports betting expected to add material growth. He also expressed positivity about Spain's ad decree reversal, anticipating optimized spending to drive growth and EBITDA. President George Papanier acknowledged the bridge's impact during peak periods but noted it wasn't material yet. Reeves added that the Rhode Island iGaming launch has been strong and can help offset negative impacts on the brick-and-mortar business.