Intralot has completed the acquisition of Bally’s digital gaming division for €2.7 billion, making Bally’s the majority owner of Intralot.
The agreement included €1.53...
Bally’s Q1 revenue declines to $589.2M after Asia exit
Bally’s Corporation has released its Q1 2025 financial results, reporting total revenue of $589.2 million, down 4.7% from the $618.5 million recorded in Q1 2024.
This decline was primarily due to the divestiture of its Asia interactive business in 2024, which had been a major revenue driver in previous periods.
However, the company’s Casinos & Resorts segment saw a 2.6% revenue boost, reaching $351.2 million, driven by the integration of four regional gaming properties acquired through deals with The Queen Casino & Entertainment and Standard General. Despite increased market competition, Bally’s legacy properties outperformed market growth in seven of 12 jurisdictions.
CEO Robeson Reeves noted :
“There continued to be stability in the domestic regional gaming environment in the first quarter, but inclement weather and increased supply in a few of our regional markets offset the growth generated by the addition of the Queen assets. Despite the competitive landscape, during the first quarter, Bally’s legacy properties outpaced market growth in seven of 12 jurisdictions.
On the international front, revenue fell 18.3% to $191.7 million, reflecting the impact of the Asia divestiture, though excluding this factor, the segment still grew 7.7% year-on-year.
Looking ahead, Bally’s remains focused on expanding its footprint, including a significant investment in Australia’s Star Entertainment Group and further development of its North American interactive operations.
Bally’s Corporation has won unanimous lender approval to amend its $620 million revolving credit facility (RCF).
The move is tied to the planned sale and leaseback of its...
