{City}, {State/Province} — November 10, 2025 — Leads & Copy — Bally’s Corporation (NYSE: BALY) reported its financial results for the third quarter, which ended September 30, 2025.
The company’s revenue reached $663.7 million, marking a 5.4% increase year-over-year. Casinos & Resorts revenue increased to $396.1 million, a 12.1% rise compared to the previous year.
U.K. online revenue saw an 8.0% increase, while International Interactive revenue totaled $215.1 million, a 6.9% decline year-over-year, which the company said was solely attributed to the divestiture of its Asia interactive business in 2024. Excluding the divestiture, International Interactive revenue grew 11.7% year-over-year. North America Interactive revenue also grew to $49.9 million, a 13.1% increase year-over-year.
Bally’s Chief Executive Officer Robeson Reeves commented on the company’s progress, citing solid third-quarter results and recent strategic initiatives. The company also noted that Intralot S.A. (ATSE: INLOT) has completed its acquisition of Bally’s International Interactive business for €2.7 billion, consisting of €1.530 billion cash and 873.7 million new Intralot shares issued to Bally’s. Bally’s now holds a 58% ownership interest in Intralot S.A. and used a portion of the cash proceeds to pay down $1.3 billion of secured debt and outstanding revolver balances.
The combination of Bally’s International Interactive and Intralot is projected to generate approximately €1.1 billion in annual revenue, with EBITDA margins exceeding 39%.
Domestically, Bally’s continues construction of its gaming and entertainment destination resort in Chicago, which will feature 3,400 slots, over 170 table games, a 500-room hotel tower, and a 3,000-seat theater. In September, Bally’s Bronx Community Advisory Committee approved the application for its proposed $4.0 billion casino, with approximately 3,500 slot machines and 250 table games. Bally’s also announced plans to develop Bally’s Las Vegas on the former Tropicana site.
Third quarter 2025 Casinos & Resorts revenue of $396.1 million rose 12.1% year over year, primarily reflecting the addition of four regional gaming properties from Queen earlier in 2025. Casinos & Resorts Segment Adjusted EBITDAR grew 7.4% year over year to $107.9 million reflecting the revenue increase in third quarter 2025.
U.K. online revenue rose 8.0% (4.2% in constant currency) versus the third quarter of 2024, driven by continued strong player monetization and additional revenue driving initiatives, such as the launch of a sports betting offering. In October, the company’s UK operations continued their growth momentum, fueled by strong player acquisition and retention as well as robust results in online sports betting.
Revenue for the North America Interactive segment of $49.9 million rose 13.1% year over year reflecting growth in Rhode Island. North America Interactive Segment Adjusted EBITDAR was a loss of $6.0 million in the third quarter compared to a loss of $6.0 million in the prior year period, with top line growth offset by higher marketing investment and an increase in certain other expenses.
Adjusted International Interactive revenue excludes revenues generated by the divested Asia interactive business in the three and nine months ended September 30, 2024 and licensing revenue recognized in the post-merger period from February 8, 2025 to September 30, 2025 and the pre-merger period from January 1, 2025 to February 7, 2025.
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Source: Bally’s Corporation
