Bally’s Posts Strong Q4 as Digital Gaming Expands

Bally’s Corp reported stronger fourth-quarter revenue as casino and online gaming operations added momentum. Recent acquisitions, digital growth, and large development projects also stayed central to the company update.

Good to Know

• Bally’s reported preliminary fourth-quarter revenue of $746.2 million, up 28.6% from about $580 million a year earlier.
• North America Interactive revenue rose 55.4% to $62.3 million.
• Bally’s continued work on major projects in the Bronx, Chicago, and Las Vegas.

Digital Growth and Revenue Gains

Bally’s posted preliminary revenue of $746.2 million for the three months ended December 31, compared with about $580 million a year earlier. Casinos & Resorts revenue rose 12.9% to $366.2 million, helped by Queen Casino properties and a renovated Baton Rouge facility. Bally’s Intralot B2C revenue climbed 13.9% to $236.5 million.

North America Interactive delivered one of the strongest gains, with revenue up 55.4% to $62.3 million. Bally’s said iGaming and sports betting drove that increase. The segment also turned profitable on an adjusted basis, reporting EBITDAR of $0.8 million, compared with a loss of $10.2 million a year earlier. Bally’s linked that result to customer experience work, artificial intelligence, and automation.

“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.

Bally’s also kept reshaping its digital business through the Intralot transaction. The company sold its international interactive business to Greek lottery operator Intralot for 2.7 billion euros ($2.9 billion), creating Bally’s Intralot, where Bally’s 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.

For the successor period from Feb. 8 to Dec. 31, Bally’s generated about $2.436 billion in revenue, close to roughly $2.45 billion for full-year 2024. That points to stable performance as more revenue comes from digital gaming, online betting, and interactive channels.

Bronx and Las Vegas Projects Stay in Focus

Alongside revenue growth, Bally’s continued work on major U.S. developments. In New York, the company secured a license tied to Bally’s Bronx, a $4 billion integrated casino resort project.

“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.”

The Bronx project is expected to open by 2030 and include 3 million square feet of gaming space, a 500-room hotel, a 2,000-person event center, and a cultural destination. Bally’s said the project could deliver more than $765 million in community benefits and thousands of jobs.

“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.

Bally’s also said progress continues in Chicago and on the former Tropicana site in Las Vegas.

“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.”

On the finance side, Bally’s entered into a $1.1 billion credit facility due 2031 and repaid 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, and said audited results will come later because current figures remain preliminary.

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