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Bally's Corporation Announces Preliminary Fourth Quarter and Full Year 2025 Results

  • Bally's Corporation reported preliminary fourth quarter 2025 total revenue of $746.2 million, a 28.6% year-over-year increase.
  • Casinos & Resorts revenue rose 12.9% to $366.2 million, driven by the February 2025 acquisition of The Queen Casino & Entertainment properties.
  • Bally's Intralot B2C revenue grew 13.9% to $236.5 million, supported by expansion in the UK, Spain, & the consolidation of Intralot's B2C business.
  • North America Interactive revenue surged 55.4% to $62.3 million, reflecting strong growth in iGaming & sports wagering.
  • The company completed its acquisition of Bally's International Interactive business from Intralot in October 2025 for €2.7 billion, creating Bally's Intralot S.A. where Bally's holds a 58% controlling interest.
  • Bally's repaid its $1.47 billion term loan due 2028 using proceeds from the Intralot transaction, a new $1.1 billion credit facility, & the sale-leaseback of the Lincoln Casino Resort real estate.
  • Bally's Baton Rouge opened a new $160 million landside entertainment complex in December 2025, replacing its former riverboat operation.
  • The New York State Gaming Commission awarded Bally's a license in December 2025 to construct a $4 billion casino resort in Ferry Point Park, The Bronx.
  • Bally's converted its loan to Australia's Star Entertainment Group into a 38% equity interest in the fourth quarter 2025 following regulatory approval.
  • CEO Robeson Reeves highlighted progress on major development projects including Bally's Chicago, Bally's Las Vegas on the former Tropicana site, & the Bally's Bronx project.
  • The company filed an extension for its 2025 Form 10-K, noting that preliminary results are subject to revision pending the completion of its internal review & audit.
  • Segment Adjusted EBITDAR for Casinos & Resorts increased 5.6% to $85.3 million in the fourth quarter, while North America Interactive reported positive Segment Adjusted EBITDAR of $0.8 million.
  • Cash & cash equivalents at year-end 2025 totaled $798.4 million, a significant increase from $171.2 million in the prior year.