Bally’s casino division up 15 per cent due to addition of the four Queen’s properties

  • UM News
  • Posted 6 months ago
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Bally’s casino division up 15 per cent due to addition of the four Queen’s properties

Bally’s Corp. generated company-wide revenue of $657.5m, an increase of 5.8 per cent year over year with casinos up 14.7 per cent year over year to $393.3m,  boosted by the addition of four regional gaming properties from Queen earlier in 2025.

Bally’s properties outpaced market growth in nine of 15 jurisdictions, led by strong performance in Quad Cities, Vicksburg and Baton Rouge, where investment in landside facilities continues to drive growth. Several properties continued to experience increased competition from new openings, notably Shreveport, Evansville and Dover. While the overall domestic regional gaming environment remained stable in the second quarter, Bally said it was mindful of the ‘economic challenges consumers face.’ 

UK online revenue grew 8.8 per cent, while International Interactive revenue of $206.1m declined 10.2 per cent year over year due to the divestiture of the Asia interactive business in 2024. North America Interactive revenue of $56.5m, up 21.5 per cent year over year.

Bally’s completed the merger with The Queen Casino & Entertainment on February 7, 2025. Total revenue for the post-merger three months ended June 30, 2025 of $657.5m increased 5.8 per cent, or $35.9m, from $621.7m in the pre-merger three months ended June 30, 2024.

Robeson Reeves, Bally’s Chief Executive Officer, commented, “Our second quarter results reflect milestone achievements and marked progress on our continued business transformation as the new Bally’s 2.0. Construction is in full swing at our permanent gaming and entertainment destination resort in Chicago. The resort will feature approximately 3,400 slots, 170-plus table games, a 500-room hotel tower, 3,000 seat theater, ten food and beverage venues and a river-side public park.

“In July, we announced a landmark agreement with Intralot S.A. to create a global gaming technology and services company in lottery and digital online gaming markets. Intralot S.A. will acquire Bally’s International Interactive business for €2.7bn, inclusive of €1.530bn cash and €1.136bn of newly issued Intralot shares (873,707,073 shares, at an implied value of €1.30 per share). Following the transaction, Bally’s will become the majority shareholder of Intralot, while the cash proceeds are expected to enhance Bally’s liquidity and significantly reduce our 2028 secured debt.

“Following the completion of the transaction, which is expected in the fourth quarter of 2025, Intralot is expected to be a leading digital gaming operator and technology provider for lottery products. The combined company’s technology capabilities and presence in some of the most attractive markets in Europe and North America, will allow Intralot to pursue new growth opportunities in gaming and lottery markets globally. This transaction is transformative for Bally’s as we unite our outstanding gaming and data technology with Intralot’s exceptional expertise in lottery. Together, we are creating a unique proposition that will pave the way for a new era of innovation and growth across the entire gaming spectrum.

“In April, Bally’s announced an AUD $200m strategic capital investment in Star Entertainment Group Limited, a leading Australian entertainment and gaming company, operating casino and resort properties in Sydney, Brisbane and the Gold Coast. In June, Star’s shareholders overwhelmingly approved the transaction. The opportunity to acquire a significant equity stake in Star is consistent with Bally’s historical and proven strategy to deploy capital and disciplined financial practices in underperforming operators to seek to create value for Bally’s shareholders.

“We continue to move forward with our proposed $4bn casino and resort in the Bronx and are excited about the project. If Bally’s prevails in securing a New York City gaming license, our casino resort has the potential to be the largest private investment in the borough of the Bronx’s history, driving job creation and wide-spread economic benefits to the area.

“In summary, Bally’s 2.0 is well underway to create a global omni-channel provider of retail and online experiences by expanding globally as a gaming and entertainment operator. Combined with ongoing initiatives to drive operational efficiencies and balance sheet improvements, we continue to demonstrate significant progress across these objectives.”

The post Bally’s casino division up 15 per cent due to addition of the four Queen’s properties appeared first on G3 Newswire.

 

​Bally’s Corp. generated company-wide revenue of $657.5m, an increase of 5.8 per cent year over year with casinos up 14.7 per cent year over year to $393.3m,  boosted by the addition of four regional gaming properties from Queen earlier in 2025. Bally’s properties outpaced market growth in nine of 15 jurisdictions, led by strong performance…
The post Bally’s casino division up 15 per cent due to addition of the four Queen’s properties appeared first on G3 Newswire. 

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