Bally's Corporation (NYSE:BALY) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET
Company Participants
Charlie Diao - Senior Vice President, Finance and Corporate Treasurer
Robeson Reeves - Chief Executive Officer
George Papanier - President
Marcus Glover - Chief Financial Officer
Soo Kim - Chairman of the Board
Conference Call Participants
Barry Jonas - Truist Securities
Chad Beynon - Macquarie
Dan Politzer - Wells Fargo
Jordan Bender - JMP Securities
Jonnathan Navarrete - TD Cowen
Jeff Stantial - Stifel
Brandt Montour - Barclays
Ricardo Chinchilla - Deutsche Bank
Operator
Good day, and welcome to the Bally's Corporation's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]
I'd now like to turn the call over to Charlie Diao, Senior Vice President, Finance and Corporate Treasurer. Please go ahead, sir.
Charlie Diao
Good morning, and thank you for joining us on today's call.
The earnings release and presentation that accompany this call are available on our website in the Investor Relations section at www.ballys.com.
With me today are the Chairman of the Board, Soo Kim; our Chief Executive Officer, Robeson Reeves; Bally's President, George Papanier; Marcus Glover, our Chief Financial Officer; and Jaymin Patel, our Vice Chairman of the Board.
Before we begin, we would like to remind everyone that comments made by management today will contain forward-looking statements. These forward-looking statements include plans, expectations, estimates, and projections that involve significant risks and uncertainties. These risks are discussed in the company's earnings release and SEC filings. Actual results may differ materially from the results discussed in these forward-looking statements.
In addition, during today's call, management will refer to certain non-GAAP financial measures. Reconciliation to the most comparable GAAP financial measures are included in the schedules contained in our earnings release. We do not provide a reconciliation of forward-looking non-GAAP financial measures due to our inability to project non-recurrent expenses and one-time costs.
Today's call is also being broadcast live on our Investors' website and will be available for replay shortly after the completion of this call.
Let me hand the call over to Robeson.
Robeson Reeves
Thank you, Charlie, and hello, everyone.
We are pleased to present our third quarter results where we continue to grow market share with a tight control of costs. Our operations perform well in competitive and mature markets. We have solid operating performance across our three business segments with consolidated revenues rising by 9.4% and consolidated adjusted EBITDA increasing by 6.4% year-over-year. We also reached several significant project milestones, strengthening our foundation for 2024 and beyond.