Bally’s Corp reported a 28.6% rise in fourth-quarter revenue, boosted by growth in its casino and online businesses as well as recent acquisitions, while the company continued to expand its development pipeline and international presence.
The U.S. casino operator posted preliminary revenue of $746.2 million for the three months ended December 31, compared with about $580 million a year earlier.
Revenue from its Casinos & Resorts segment rose 12.9% to $366.2 million, supported by the addition of Queen Casino properties earlier in the year and a newly renovated facility in Baton Rouge. Its Bally’s Intralot B2C segment generated $236.5 million in revenue, up 13.9%, while North America Interactive revenue climbed 55.4% to $62.3 million, driven by strong iGaming and sports betting growth.
“Our fourth quarter completed a successful and truly transformational year for Bally’s. In 2025, we reshaped and expanded our portfolio both domestically and internationally, online and in retail, while strengthening our balance sheet and positioning the company for near- and long-term growth,” Chief Executive Robeson Reeves said.
The company said its North America Interactive segment turned profitable on an adjusted basis, reporting EBITDAR of $0.8 million compared with a loss of $10.2 million a year earlier, reflecting gains from initiatives focused on customer experience, artificial intelligence, and automation.
For the period from Feb. 8 to Dec. 31, which the company refers to as the successor period, Bally’s generated about $2.436 billion in revenue, broadly in line with approximately $2.45 billion for the full year 2024, indicating stable year-on-year performance as its revenue mix shifts toward digital operations.
Bally’s continued to reshape its business through a major transaction with Greek lottery operator Intralot. The company sold its international interactive business to Intralot for 2.7 billion euros ($2.9 billion), creating Bally’s Intralot, in which it holds a 58% controlling stake.
“On the digital interactive side, we became the majority shareholder of Bally’s Intralot and created a global iGaming and lottery champion with enhanced scale, diversification, and a highly complementary product offering across B2C, B2G, and B2B channels,” Reeves said.
The company also strengthened its balance sheet, entering into a $1.1 billion credit facility due 2031 and repaying a $1.47 billion term loan due 2028. It ended the year with $108.2 million in cash and $4.5 billion in long-term debt, up from $3.3 billion in 2024. Bally’s did not disclose profit or loss for the quarter or full year.
On the development front, Bally’s is advancing several large-scale projects across the United States. In New York, it secured a license to build a $4 billion casino resort in the Bronx.
“In December, the New York State Gaming Commission issued a Gaming Facility License to develop Bally’s Bronx,” Reeves said. “Bally’s Bronx is a $4.0 billion integrated casino resort project, the largest private development in the borough’s history.”
Expected to open by 2030, it is anticipated to be a 16-acre attraction with 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center, and a cultural destination.
“We are both excited for and committed to the Bronx project, which is a tremendous opportunity for the local community, with over $765 million of community benefits and thousands of jobs,” he added.
The company is also progressing with its Chicago casino development and a major Las Vegas project on the former Tropicana site.
“We continue to move forward with our development of Bally’s Las Vegas on the former Tropicana site, sharing a 35-acre campus with Major League Baseball’s Las Vegas Athletics,” Reeves said. “With construction already underway to support the A’s 2028 season opening, Bally’s Las Vegas is set to redefine the retail, dining, and entertainment experience in the heart of the Strip.”
The company will delay filing its annual report and release final audited results at a later date, noting that the current figures are preliminary and subject to revision.
“In summary, our strategic initiatives of the past year have created a scaled, growing, global omni-channel provider of retail and online experiences,” Reeves said. “Combined with our operational expertise and long-term vision, we are aggressively pursuing and executing on the many growth opportunities before us.”
Original article: https://www.yogonet.com/international/news/2026/03/17/118114-ballys-quarterly-revenue-jumps-on-casino-online-growth-as-it-expands-global-footprint
