In a rare public statement, Bally’s Corp. CEO Robeson Reeves called the company’s third-quarter results “solid.” Revenue increased across most divisions.
The company booked total revenue of $663.7 million, a 5.4 percent increase. Of that, casinos represented $396 million, up 12.1 percent, while North American online operations brought in another $49.9 million, growth of 13.1 percent.
In terms of terrestrial casinos, Bally’s properties in Vicksburg, Kansas City, and Baton Rouge were lauded as “particularly strong.” Those in Evansville, Dover, and Shreveport were said to be weathering the impact of new products in their markets.
Bally’s expected a fourth-quarter relocation of the venerable Belle of Baton Rouge casino. Improved financial performance for that property was forecast for 2026.
Growth in Rhode Island was credited in part for the improved digital returns, as was success in online sports betting. Even so, North American operations were cash flow-negative by $6 million, which was blamed on higher marketing costs, as well as other considerations.
International-online operations saw a decline from $230.9 million in 2024 to $215 million. Early in the fourth quarter, Bally’s consummated a merger with Intralot. The latter will assume Bally’s international-interactive business, while Bally’s will gain a majority stake in Intralot.
During the third quarter, United Kingdom online revenues rose but the 2024 discontinuation of the company’s Asian operations pulled the overall result down. Exclusive of Asia, Bally’s non-North American digital results were 11.7 percent better.
In a fourth-quarter preview, Robeson announced the inception of a company-wide cost-savings program. Corporate expenses and the casino division were targeted, with $15 million in economies predicted for the next 12 months.
While on the subject of United States casinos, Reeves said, “Construction remains in full swing,” on $1.7 billion Bally’s Chicago, which is being partially financed by Gaming & Leisure Properties Inc. Reeves hailed “GLPI’s decades of casino construction and development expertise.”
As Reeves reminded his audience, Bally’s has one of the three remaining applications for one of three casino licenses in the New York City area. Bally’s New York, at a cost of $4 billion ,would be even larger than its Chicago megaresort, with 3,500 slot machines to Chicago’s 3,400 and 250 table games to Chicago’s 170). It would, however, have one-tenth as many hotel rooms (500) and a smaller events center, 2,000 seats to Bally’s Chicago’s 3,000.
Reeves also restated Bally’s intent to redevelop the Tropicana site on the Las Vegas Strip. No new project specifics were disclosed.
Concluded Reeves, “We continue to demonstrate strategic and prudent use of our capital resources to drive growth and returns for our stakeholders. Combined with our operational expertise and long-term vision, we are eagerly and aggressively pursuing the many growth opportunities before us.”
Bally’s ended the quarter with long-term debt of $3.7 billion and $79 million. If it were to win a New York City casino license, it would owe the Trump Organization $115 million, payable within 10 days.
Neither a profit nor a loss was reported by Bally’s, which held no public earnings call.