Bally's Corporation achieved a company-wide revenue of $663.7 million in Q3 2025, marking a 5.4% increase year over year. This growth was primarily driven by a strong performance in Casinos & Resorts, which saw a 12.1% revenue increase, and North America Interactive, up 13.1%. The company also completed the acquisition of its International Interactive business by Intralot S.A., making Bally's the majority shareholder of Intralot S.A.
Company-wide revenue increased by 5.4% year over year to $663.7 million.
Casinos & Resorts revenue grew by 12.1% to $396.1 million, largely due to the addition of four regional gaming properties.
North America Interactive revenue increased by 13.1% to $49.9 million, driven by growth in Rhode Island and online sports betting.
Bally's completed the acquisition of its International Interactive business by Intralot S.A., becoming the majority shareholder of Intralot S.A. and paying down approximately $1.3 billion of secured debt.
Bally's Corporation is focused on strategic growth initiatives, including the development of new resorts and the integration of its International Interactive business with Intralot S.A. The company anticipates significant cost savings and continued market share gains in key segments.
Positive Outlook
Anticipates over $15 million in annual savings from cost-savings programs focused on optimizing Corporate and Casinos & Resorts overhead.
Construction of the permanent gaming and entertainment destination resort in Chicago is progressing, featuring 3,400 slots, 170 table games, and a 500-room hotel tower.
Bally's Bronx Community Advisory Committee approved the proposed $4.0 billion casino, a 16-acre integrated resort with 3,500 slot machines and 250 table games.
Plans to develop Bally's Las Vegas on the former Tropicana site, creating a landmark experience with sports, casino, dining, and immersive entertainment.
Expects material improvement at Bally's Baton Rouge (former Belle of Baton Rouge) in 2026 following the landside conversion in Q4.
Challenges Ahead
International Interactive revenue declined 6.9% year over year due to the divestiture of the Asia interactive business in 2024.
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Historical Earnings Impact
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North America Interactive Segment Adjusted EBITDAR remained a loss of $6.0 million, offset by higher marketing investment and other expenses.
Several properties continue to experience the impact of new market entrants in the last twelve months, particularly Shreveport, Evansville, and Dover.
The company is one of three remaining applicants for up to three downstate New York state gaming licenses, with a decision anticipated by year's end, indicating ongoing competition.
The divestiture of the Asia interactive business impacted International Interactive revenue comparisons negatively.