Bally’s Corporation revenue rises in Q4
Revenue increased 28.6 per cent year-on-year.
US.- Bally’s Corporation has reported preliminary financial results for the fourth quarter ended December 31, 2025. Revenue totalled $746.2m, up 28.6 per cent year-on-year and up from $663.7m in Q3.
Revenue from the casinos and resorts segment was $366.2m, an increase of 12.9 per cent year-on-year, benefitting from the Queen Casino & Entertainment transaction completed in February 2025. The segment’s adjusted EBITDAR grew 5.6 per cent year-on-year to $85.3m.
North America Interactive revenue was $62.3m, up 55.4 per cent year-on-year, reflecting igaming and sports wagering revenue growth. Segment adjusted EBITDAR was $0.8m compared to negative -$10.2m in the prior year period.
In October, Intralot completed its acquisition of Bally’s International Interactive business for €2.7bn in cash and stock.
Robeson Reeves, Bally’s chief executive officer, commented: “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.
“Domestically, we have made substantial progress on Bally’s Chicago – the only casino in the city limits of Chicago and the largest in the state of Illinois. The permanent casino will feature approximately 3,400 slots, over 170 table games, a 500-room hotel tower, a 3,000-seat theatre, ten food and beverage venues and a river-side public park.
“In December, the New York State Gaming Commission issued a Gaming Facility License to develop Bally’s Bronx. Bally’s Bronx is a $4.0bn 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 centre 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 $765m of community benefits and thousands of jobs.
“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. This multi-phased project will feature an exciting mix of sports, casino, retail, dining, and immersive entertainment experiences with over 500,000 square feet of space and direct access to the ballpark. 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.
“In 2025, we expanded our retail holdings internationally with an investment in The Star Entertainment Group, Australia’s second largest gaming operator with three casinos that had come under distress. In the fourth quarter, following confirmation of suitability by Australian regulators, Bally’s converted its loan to Star into a 38% equity interest. With a proven track record of revitalising underperforming businesses, Bally’s is excited to lend its expertise to Star and contribute to its successful turnaround as a leading operator in the Asia-Pacific region.
“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.”
