Colin Mansfield's questions to Bally's Corp (BALY) leadership • Q1 2024
Question
Colin Mansfield from CBRE Institutional Research requested details on the customer profile at the Chicago temporary casino and asked about the drivers of variability and signs of stabilization in the Asian interactive market.
Answer
President George Papanier described the Chicago customer as skewing younger and primarily driven by table games, with a strong draw from within a 5-mile radius. Regarding Asia, CEO Robeson Reeves explained the business has always been 'lumpy' with sentiment challenges. He noted that the recent launch of online Pachinko is a positive 'green shoot,' driving new sign-ups and providing comfort, despite the challenging Japanese yen to U.S. dollar exchange rate.