The preliminary results took a look at both the fourth quarter and the full year. In terms of four-quarter performance, the company posted revenue of $576.7 million, but net loss amounted to $476.8 million, the company said in the update shared with media late on Monday.
Fourth Quarter Sees “Unacceptable” Interactive Division Performance
Adjusted EBITDA stood at $145.8 million while adjusted EBITDAR was posted as $164.4 million. Bally’s President – Interactive and the company’s incoming chief executive officer – Robeson Reeves – commented on the results and what they meant for the business. Reeves focused on the company’s strengths at first, arguing that Bally�…
Read moreOn 30 August 2023, reputable real-estate investment company Gaming and Leisure Properties, Inc. (GLPI) acquired the land designated for the Hard Rock Casino development project in Rockford, Illinois from 815 Entertainment, the Illinois-based operator of the Hard Rock-branded casino. The acquisition reportedly worth $100.0 million is complemented with a ground lease agreement between GLPI and 815 Entertainment for a period of 99 years.
Comprehensive Acquisition Deal
As reported by GLPI, the ground lease agreement includes an initial $8.0 million annual rent with an option to adjust the annual rate up to 2.0% upon expiry of the first year of the lease to remain fixed over the entire term of the agreement. In addition, the ground …
Read moreScientific Games and Groupe FDJ, which operates La Française des Jeux, France’s national lottery, released a revolutionary lottery feature. This enhancement, named iDecide, will provide the card players with the possibility to carry on with the game through a digital game, which potentially can increase their prizes.
This concept is revolutionary in the global lottery industry. The release time of iDecide is well-prepared – its launching comes a few days before the World Lottery Summit, which will be held in Vancouver. Groupe FDJ and Scientific Games will host the demonstrations…
Read moreAn indie studio called Crusader Games has decided to make a Game Boy-like version of Halo: Combat Evolved. However, instead of calling it Halo Combat Evolved, the studio decided to have fun with it and call it Halo: Combat Devolved.
The game was made using software called GB Studio. The official website describes the software as “a quick and easy to use drag and drop retro game creator for your favorite handheld video game system.” Halo: Combat Devolved can be played on a Game Boy Color, Analogue, or straight from your web browser.
You’ll need to visit their website to play this unofficial version of Halo. A message from the developers can be found on their website, reading, “As a longtime fan of Halo: Combat Evolved, I’m creating a faithful demake for th…
Read moreIt just became way less of a hassle to launch 2K games from your Steam library. The publisher has officially removed its launcher from every game that used it on Steam (and the Epic Games Store). The removal went through on November 18, but a follow-up update to ensure the Launcher was fully removed dropped on November 25.
Many games, including Bioshock Remastered, Marvel’s Midnight Suns, and The Quarry, will now launch directly through Steam. Other games used the launcher for additional functionality. Those games will now launch a small submenu before opening the game itself.
For example, XCOM 2 and XCOM: Chimera Squad used the 2K launcher for mod management. Now, launching the game will open a small menu which will let you open the mod launcher or the selected game directl…
Read moreThe NCAA’s Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) has initiated discussions on potential changes to sports betting policies, particularly regarding student-athletes. Meeting recently in Indianapolis, the committee examined the possibility of deregulating sports betting, which could, in theory, allow student-athletes to place bets on professional sports, a significant shift from current restrictions.
Central to the committee’s discussions was the realization that current prohibitions on gambling by student-athletes have been largely ineffective in preventing unwanted gambling behaviors. This acknowledgment marks a key moment for the NCAA, which has traditionally maintained a firm stance against any form of gambling by …
Read moreFor players who crave luxury and want to experience the high life, Pragmatic Play has prepared a brand-new, lavish, online slot game, Towering Fortunes.
The luxury is now available to everyone:
Prepare to try new yachts, drive fast cars, and fly in private planes in this extravagant 5×3 reel slot. The action is pretty simple but very exciting. The symbols are visible in the forms of planes, yachts, or luxurious cars.