Bally’s Corporation has announced a remarkable 28.3% increase in its first-quarter earnings, largely fueled by the Queen Casino merger and growth in its interactive gaming ventures.

The casino giant reported consolidated revenue reaching $755.7 million for the quarter ending March 31, up from approximately $611.1 million in the previous year.

Revenue from the Bally’s Casinos & Resorts sector surged 8.1% to $379.7 million, benefiting from the incorporation of properties gained through the Queen Casino & Entertainment acquisition finalized in February 2025, along with organic growth across diverse locations.

The firm delivered robust results, particularly at Bally’s Baton Rouge, which opened its landside casino in December 2025, and at Marquette, which transitioned landside in February 2026.

Bally’s Intralot B2C revenue jumped 31% to $239.9 million, driven by impressive performance in the United Kingdom and the integration of Intralot’s B2C operation post-acquisition in late 2025.

North America’s Interactive revenue saw a significant year-on-year growth of 35.9%, totaling $60.5 million, attributed to increased wagering across all segments, although this division still recorded an adjusted operating loss.

Robeson Reeves, the Chief Executive Officer, characterized the quarterly results as “solid” and remarked that the company is making strides in expanding its international presence and enhancing its financial stability.

“Our strategic initiatives are establishing a scalable, progressive, global omni-channel platform for both retail and online experiences, and we are vigorously pursuing numerous growth opportunities,” Reeves stated.

In the recent quarter, Bally’s secured a new used credit line maturing in 2031 and completed the previously announced sale-leaseback of its Lincoln Casino Resort’s real estate assets to GLP Capital L.P.

The company utilized proceeds from the Intralot deal, along with funding from the new term loan and the Lincoln transaction, to completely pay off its former $1.47 billion term loan due by 2028.

Bally’s is progressing on several major development projects, including Bally’s Chicago, Bally’s Bronx in New York, and Bally’s Las Vegas, located on the former Tropicana site.

Bally’s Bronx entails a landmark $4 billion investment, following the acquisition of a Gaming Facility License from the New York State Gaming Commission. This venture is anticipated to launch by 2030 and will feature a casino, hotel, event center, and golf course.

Reeves also noted ongoing efforts on the Las Vegas development in conjunction with the forthcoming stadium for the Athletics, previously the Oakland Athletics, with stadium construction already underway in preparation for the team’s proposed 2028 season debut.

In Australia, Bally’s transformed its loan to The Star Entertainment Group into a 38% equity stake in late 2025 after securing regulatory approval. Reeves mentioned that Bally’s management is collaborating with Star on operational and cost-related initiatives stemming from a refinancing package revealed earlier this month.

Adjusted EBITDAR from the Casinos & Resorts segment reached $96.2 million for the quarter, while Bally’s Intralot B2C contributed $87.1 million. Both North America Interactive and Corporate & Other segments continued to face losses on an adjusted basis.