Bally’s Corp. has released preliminary financial results for the fourth quarter and full year ended Dec. 31, 2025, reporting higher revenue in the final quarter and steady performance across its major business segments.
CEO Robeson Reeves said the results capped “a highly successful and transformational year” for the company.
Strong Fourth‑Quarter Performance
Bally’s reported $746.2 million in companywide revenue for Q4, a 28.6% increase from the same period in 2024.
The casinos and resorts division generated $366.2 million, up 12.9% year‑over‑year, supported in part by the acquisition of The Queen Casino & Entertainment.
The Intralot B2C segment posted $236.5 million, a 13.9% increase driven by strong results in Spain and the United Kingdom. The unit was formed through the merger of Intralot and Bally’s International Interactive earlier in the year.
North America Interactive revenue reached $62.3 million, up 55.4% from the prior year.
For the full year, Bally’s reported $2.45 billion in total revenue. Casinos and resorts contributed $1.36 billion, while the Intralot B2C and B2B segments generated $902 million and $6.9 million, respectively. North America Interactive recorded $170.3 million.
Quarter Marked by Expansion and Licensing Wins
The company highlighted several milestones in Q4, including the opening of its new landside entertainment complex in Baton Rouge.
Bally’s also secured one of New York’s downstate casino licenses, clearing the way for a planned $4 billion resort at Ferry Point Park in the Bronx. The project envisions 3,500 slot machines, 210 table games and 500 hotel rooms.
In October, Bally’s combined its International Interactive business with Intralot to form Bally’s Intralot, in which it holds a 58% stake. The company said the new entity is positioned to become a global leader in iGaming and lottery.
Bally’s also said it will file for an extension on its annual Form 10‑K, noting that the preliminary results may differ from the final audited report.
CEO Highlights Growth Strategy
Reeves said he was encouraged by progress on Bally’s Chicago development and praised the company’s New York license award. He added that work continues on Bally’s Las Vegas, where the former Tropicana site is being redeveloped alongside the future home of MLB’s Las Vegas Athletics.
He also pointed to Bally’s acquisition of a controlling stake in Australia’s The Star Entertainment as a potential turning point for the struggling operator.
“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. “We continue to demonstrate strategic and prudent use of our capital resources and balance sheet to drive growth and returns for our stakeholders.”
