Bally’s Corporation reported financial results for the fourth quarter and full year ended December 31, 2024. The report showed revenue of $580.4 million for the fourth quarter, down 5.1% year over year. North America Interactive segment revenue reached $41.5 million, up 24.4% year over year.
The Casino & Resorts segment posted revenue of $324.4 million, down 5%. International Interactive revenue declined 9% year over year to $214.5 million, despite an 11% jump in the UK market.
For the full year 2024, total revenue reached $2.45 billion, with casino revenue reaching $1.36 billion, both flat compared to 2023. The International Interactive segment decreased 6.5% to US$909.5 million, while the North American Interactive segment increased 58% to US$177.8 million.
Robson Reeves, CEO of Bally, commented:
Fiscal 2024 was a year of transformation and transition for Bally, as we financed and began construction of our permanent casino resort in Chicago and completed the controlled demolition of Tropicana in Las Vegas, paving the way for the Major League Baseball’s A’s franchise to relocate to that site. Following these milestones, Bally’s completed a series of transactions in early 2025 with The Queen Casino & Entertainment and Standard General, further expanding our scale and positioning the company for compelling long-term growth.
He added:
The ‘new’ Bally’s 2.0 is a dynamic global land-based and online casino operator with compelling growth prospects in the US gaming industry. Reflecting the strategic transactions already completed, the four additional Queen casinos are poised to continue their rapid growth as they benefit from inclusion in a broader domestic gaming portfolio, and Bally’s benefits from the expansion and diversification of our geographic profile. We emerged from these transactions significantly stronger, with the financial and operational muscle to continue growing in our expanded casino and resorts (“C&R”) segment, our international interactive business, and our North American interactive segment.
George Papanier, president of Bally, added:
The fourth quarter revenue results in our C&R segment reflect our ongoing work to consolidate our regional gaming portfolio, an effort that will accelerate now that the four Queen assets have been added to our business, as well as continued pockets of relative weakness in certain parts of our geographic footprint, as previously noted. Despite this, Bally’s many growth opportunities remain firmly intact. We received final approval from the City of Chicago for our reimagined permanent Bally’s Chicago Casino Master Plan in December, and we recently completed demolition and began construction on the permanent site. Work continues on the former Tropicana site, with the A’s making good progress toward beginning construction on their stadium later this year, while Bally’s is moving forward with a more comprehensive resort master plan for the remainder of our highly valuable site.
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