Bally’s Corporation reports 4.7% revenue decline in Q1
Revenue in the first quarter of 2025 reached $589.2m.
US.- Bally’s Corporation has announced financial results for the quarter ended March 31. The company reported revenue of $589.2m, down 4.7 per cent compared to the same period last year primarily due to the divestiture of its Asia interactive business in late 2024.
The Casinos & Resorts division posted $351.2m in revenue, up 2.6 per cent from Q1 2024. Adjusted EBITDAR rose 6.3 per cent to $95.1m, boosted by the addition of four regional properties acquired through the Queen Casino & Entertainment merger.
In the North America Interactive segment, revenue climbed 12.5 per cent year-on-year to $44.5m on the back of the integration of Queen’s digital operations and the ongoing expansion of BallyBet and igaming offerings.
The company’s International Interactive segment reported $191.7m in revenue, down 18.3 per cent year-on-year due to the sale of the Asia-facing division. UK revenue increased 4.9 per cent. Adjusted EBITDAR for the segment totalled $77.1m, down 7.7 per cent. Excluding the impact of the Asia interactive business divestiture, International Interactive revenue grew 7.7 per cent year over year.
Bally’s reiterated that it is moving forward with its investment in Australia’s Star Entertainment Group. The company expects further growth in its North America and International Interactive operations, while continuing to optimise its newly expanded Casinos & Resorts portfolio. Construction of the permanent Chicago casino continues with support from Gaming and Leisure Properties.
