Bally's Corporation

Good day, and welcome to the Ballot Corporation's third quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. In order to ask a question during the session, please press the star key followed by the number one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star, then zero. I'd now like to turn the call over to Charlie Diaw. Senior Vice President, Finance, and Corporate Treasurer. Please go ahead, sir.

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.valleys.com. With me today, are the Chairman of the Board, Sue Kemp, our Chief Executive Officer, Robeson Reeves, Valley's President, George Papineer, Marcus Glover, our Chief Financial Officer, and Jamin 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. Reconciliations 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-recurring 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.

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. Notably, we achieved a successful soft launch of our Chicago Temporary Casino the Medina Temple on September 9th, culminating in a formal ribbon-cutting ceremony on October 3rd. Concurrently, we completed our Kansas City property transformation and redevelopment, also in September, within budget. We see both investments in our CNR segment paying off in 2024 in growth and profit contribution as these investments bear fruit. Our Bally's International Interactive division continues its impressive operating momentum in the UK, where we also successfully launched the Bally's branded iCasino app. We believe the Bally's brand will drive revenue and profit growth and build brand equity in the UK market. In North America Interactive, we rolled out the new BallyBet OSB app in four states and five retail locations on the Canby and White Hat platforms. By year end, our goal is for the rollout of our Ballybet app in at least seven states in North America. Turning now to our operating fundamentals, I'll first turn it to George to discuss our core casinos and resorts performance. Thank you, Robeson.