Bally’s Corporation has announced a noteworthy revenue of $663.7 million for Q3 ending September 30, 2025. This achievement coincides with the company’s ongoing development initiatives, such as the $1.7 billion resort in Chicago, a planned $4 billion casino in the Bronx, and the transformation of the former Tropicana site in Las Vegas.
The latest revenue figure marks a 5.4% rise compared to the previous year and exceeded analyst projections of $632.5 million.
Robeson Reeves, the Chief Executive Officer, stated that “construction is progressing at a rapid pace” at the Bally’s Chicago project, which is part-financed by Gaming & Leisure Properties Inc. Reeves emphasized the role of “GLPI’s extensive expertise in casino construction and development” in facilitating this progress.
Project Development and Licensing Strategies
Beyond Chicago, Bally’s is currently one of three companies vying for a casino license in the New York City region. The Bronx proposal includes 3,500 slot machines, 250 table games, 500 hotel rooms, and a 2,000-seat venue. In contrast, the Chicago establishment is expected to offer 3,400 slot machines, 170 table games, 500 rooms, and a 3,000-seat theater.
Reeves confirmed the intention to revamp the Tropicana location on the Las Vegas Strip into a state-of-the-art Bally’s Las Vegas facility, which will co-exist with the Las Vegas Athletics stadium on a shared 35-acre campus.
Business Segments Performance
The Casinos & Resorts segment led revenue generation in Q3, bringing in $396.1 million, a 12.1% increase from the same quarter last year. This boost was largely due to the integration of four regional properties acquired through the merger with Queen Casino & Entertainment earlier in 2025.
Strong performances were noted in properties located in Vicksburg, Kansas City, and Baton Rouge, while places like Evansville, Dover, and Shreveport faced heightened competition from new market entrants.
Revenue from North America Interactive reached $49.9 million, reflecting a 13.1% uptick year-over-year, partly due to strong operations in Rhode Island and a boom in online sports betting. However, this segment reported a cash flow deficit of $6 million, attributed to rising marketing and operational expenses.
International Interactive revenue decreased by 6.9% to $215.1 million due to the divestiture of Bally’s Asia business in 2024. Excluding this sale, the segment’s revenue would have seen an increase of 11.7%, with UK online operations witnessing an 8.0% rise.
Financial Transactions and Status
During this quarter, Bally’s completed a €2.7 billion agreement with Intralot S.A., transferring its international interactive division to the Greek gaming supplier, thereby taking a 58% stake in Intralot. Approximately $1.3 billion of the proceeds were allocated to reducing secured debt and outstanding credit lines.
The firm’s long-term debt now stands at $3.7 billion, with $79 million in cash available. Should its New York City casino license be sanctioned, Bally’s is expected to remit $115 million to the Trump Organization within ten days.
Bally’s has initiated a cost-reduction program aimed at generating over $15 million in annual savings through enhanced corporate and casino efficiencies.
“Our robust third-quarter results along with strategic measures reiterate our advancement towards a new Bally’s 2.0,” Reeves added. “We continue to exhibit the strategic and judicious deployment of our capital resources to foster growth and return value to our stakeholders.”