Bally’s Corporation (NYSE: BALY) reported first-quarter revenue of $755.7 million, a 28.3 percent increase from the prior year, as the company pushes forward with several large-scale development projects.
"We delivered solid first quarter results across the enterprise and continue to make progress on growing and diversifying our global footprint," Robeson Reeves, Bally’s Chief Executive Officer, said in a statement.
The growth was driven by a 31 percent jump in its Bally's Intralot B2C segment to $239.9 million and a 35.9 percent increase in North America Interactive revenue to $60.5 million. The core Casinos & Resorts segment saw revenue climb 8.1 percent to $379.7 million, benefitting from the February 2025 acquisition of The Queen Casino & Entertainment. The company did not disclose earnings per share or consensus estimates in the release.
The results come as Bally's undertakes significant capital projects, including a $4.0 billion integrated resort in The Bronx and a permanent casino in Chicago, which are central to its strategy of diversifying from regional casinos into major metropolitan markets.
The company's Casinos & Resorts segment adjusted EBITDAR grew 1.2 percent to $96.2 million. Growth was strong at its recently renovated properties in Baton Rouge and Marquette, which helped offset increased competition in other markets.
The North America Interactive segment recorded a negative Segment Adjusted EBITDAR of $7.1 million, a $0.9 million improvement from the prior year, which the company attributed to revenue growth and cost management initiatives.
Bally's highlighted substantial progress on its domestic growth projects. In Chicago, the company completed the structural steel for its permanent casino, which will feature 3,400 slots and a 500-room hotel.
In New York, after receiving its gaming license, Bally's finalized land acquisitions for Bally's Bronx, a $4.0 billion project expected to open by 2030. The company also noted active discussions for its multi-phased development on the Las Vegas Tropicana site, which will share a campus with the new stadium for Major League Baseball's Las Vegas Athletics.
The report provides the first clear view of Bally's financial position after a busy quarter of restructuring, including a new $1.1 billion credit facility and the sale-leaseback of its Lincoln Casino Resort. These moves were used to repay a previous term loan.
Investors will be watching for further updates on the construction timelines and financing for the company's ambitious slate of projects. The next major catalyst will be the company's second-quarter earnings report, expected in August 2026.
This article is for informational purposes only and does not constitute investment advice.
