Bally’s has released its results from the three months ending March 31, calling them “solid” with consolidated revenue of $755.7 million up 28.3% year on year.
The performance of the company during the period provided improvement both through organic growth as well as successful acquisitions. Land-based casinos and resorts generated $379.7 million in revenue for the company with an increase of 8.1% from the previous year. The increase in revenues was also partially due to Bally’s completed merger with The Queen Casino & Entertainment in February of 2025.
Bally’s reported particularly strong momentum from its properties in Baton Rouge and Marquette, which transitioned to land-based operations during late 2025 and early 2026 respectively.
According to Reeves, Bally’s continues to have positive momentum on its major development projects, including the company’s casino in Chicago, which he described as the only casino with in the city limits of Chicago and the state of Illinois’ largest casino.
CEO Robeson Reeves mentioned:
We also continue to move forward with our development of Bally’s Las Vegas on the former Tropicana site, sharing a 35-acre campus with Major League Baseball’s Las Vegas Athletics … Construction of the A’s stadium is well underway to support the team’s 2028 season opening, while we are in active discussions with potential partners for exciting entertainment and retail offerings. In the fourth quarter of 2025, following confirmation of suitability by Australian regulators, Bally’s converted its loan to The Star Entertainment Group Limited (“Star”) into a 38 per cent equity interest. Bally’s management team is lending valuable expertise and support to Star and we’re seeing both revenue and cost initiatives gain good traction. In early May, Star announced the full refinancing of its prior debt with a US$390m facility from WhiteHawk Capital Partners, substantially increasing the company’s liquidity and setting the stage for a continued recovery.
Looking ahead, Reeves also stated Bally’s has been focused on developing a scaled global omni-channel gaming business, while continuing to pursue more development opportunities across key markets.
