Bali Corporation Announces First Quarter 2023 Results, Appoints New Senior Management

Bali reported financial results for the first quarter of 2023, with sales up 9% year-on-year to a total of $598.7 million. 릴게임

Adjusted EBITDA of $126.4 million is an increase of 10% over 2022 at adjusted EBITDAR of $157.6 million.6 million.

In particular, Bali posted a net profit of $178.3 million, up significantly from $1.9 million.

Bali CEO Robson Reeves said, “North American Interactive has seen significant results as its cost-cutting initiatives progress faster than expected.

“We continue to put iGaming first and are very successful in achieving our long-term goal of 6-8% in New Jersey, where our market share has exceeded 4%.

“Overall, our iGaming business is generating positive returns and we are very optimistic about the future of this business,” Reeves added

As part of its strategy to relaunch Bali, Bali has also partnered with Cambi and White Hat Gaming.

“What’s important is that the portfolio’s short-term capital expenditure cycle has peaked in the casino & resort sector as several growth projects have been completed or are nearing completion,” said George Papanier, president of Bali.

“This includes Rhode Island’s flagship Bali Twin River, which was completed in April, and Kansas City expansion, which will conclude in July.”

Papanier discussed how Chicago’s temporary casino is set to open in the summer amid construction ahead of schedule.

Bali also announced changes to senior management today.

Marcus Glover took over Bobby Laban’s role and was named the new vice president and chief financial officer.

Jaymin B. Patel will also join the company as vice chairman of the board and oversee the newly created operations integration committee.

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