Bally’s Corporation just posted a stunning 28.6 percent jump in fourth-quarter revenue to $746.2 million. This marks the company’s strongest growth in years, powered by fresh casino buys and a hot online betting push. Casino fans and investors alike wonder what comes next for this gaming giant.
Bally’s saw gains across key areas in the quarter ended December 31, 2025. Casinos and Resorts brought in $366.2 million, up 12.9 percent from last year. This came from adding four Queen Casino properties and a shiny new setup in Baton Rouge.
The Bally’s Intralot B2C unit hit $236.5 million, a 13.9 percent rise. Strong play in the UK and Spain helped fuel this. Bally’s Intralot B2B added $79.9 million, a fresh line from lottery tech deals.
North America Interactive soared 55.4 percent to $62.3 million. Sports betting and iGaming led the charge.
| Segment | Q4 2025 Revenue | YoY Growth |
|---|---|---|
| Casinos & Resorts | $366.2M | +12.9% |
| Bally’s Intralot B2C | $236.5M | +13.9% |
| Bally’s Intralot B2B | $79.9M | New |
| North America Interactive | $62.3M | +55.4% |
| Total | $746.2M | +28.6% |
Casinos and Resorts Adjusted EBITDAR grew 5.6 percent to $85.3 million. The team credits smart upgrades and more visitors.
Acquisitions Reshape Bally’s Portfolio
2025 turned Bally’s into a global player. The big move was teaming up with Intralot. Bally’s now holds a 58 percent stake, blending lottery tech with casino ops in 39 countries.
Queen Casinos added four spots early in the year. This boosted U.S. reach in regional markets. Bally’s also grabbed a 38 percent stake in Australia’s Star Entertainment Group after a loan swap. Regulators greenlit it in Q4.
These deals helped full-year pro forma revenue top $2.68 billion, holding steady despite shifts. Cash stood at $798 million by year-end, with restricted cash at $108 million. Long-term debt hit $4.46 billion after new loans for projects.
The U.S. casino world grew too. Total revenue climbed as iGaming hit $26.8 billion nationwide, up 15 percent. Bally’s grabbed a slice with its mix of slots, tables, and apps.
Online Betting Flips to Profit
North America Interactive finally broke even. Adjusted EBITDAR reached $0.8 million, swinging from a $10.2 million loss a year ago. Customer tweaks, AI tools, and automation made the difference.
Bally Bet works in 14 states now. iGaming and sports betting pulled in fans amid a boom. Full-year revenue for this unit neared $196 million in the successor period.
Rivals like Caesars and MGM saw online gains too. But Bally’s focus on user experience set it apart. Players bet more, stayed longer.
One key win. Rhode Island online ops grew strong all year.
Major Projects Eye Bright Future
Bally’s builds big dreams. Chicago’s permanent casino tops the list. It promises 3,400 slots, 170 tables, a 500-room hotel, and a theater. A bill eyes a delay to late 2027, but work rolls on.
In the Bronx, a December license cleared the $4 billion resort. Set for 2030, it offers 3 million square feet, a hotel, event space, and community perks worth $765 million.
Las Vegas plans share space with the A’s new stadium. Over 500,000 square feet of fun heads to the Strip by 2028.
- Chicago: State’s largest casino, river park included.
- Bronx: Biggest private build in borough history.
- Vegas: Sports, dining, tied to MLB action.
Baton Rouge’s landside spot opened strong. These steps mix retail and online for steady wins.
Bally’s closed 2025 strong, proving bets on growth pay off. From regional slots to global lotteries, the company blends old-school thrills with digital smarts. Families near new resorts gain jobs; bettors get fresh apps. This turnaround sparks hope in a tough industry.
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