Bally’s Corporation has released preliminary financials for Q4 2025 showing significant revenue growth, capping off what CEO Robeson Reeves called a “highly successful and transformational year” for the gaming operator.

The company posted Q4 revenue of $746.2 million, up 28.6% year-on-year.

That’s proper growth, and it came from multiple segments firing at once.

Where the Money Came From

The casinos and resorts segment brought in $366.2 million in Q4, a 12.9% increase driven largely by the Queen Casino & Entertainment acquisition completed earlier in the year. Smart move there, buying revenue rather than waiting for organic growth.

The newly formed Bally’s Intralot B2C segment, created from merging Intralot with Bally’s International Interactive, generated $236.5 million, up 13.9% year-on-year. Strong performances in Spain and the UK drove those numbers.

North America Interactive was the standout performer, hitting $62.3 million, a 55.4% jump. That’s the sort of growth that gets boardrooms excited.

Full Year Results Show Scale

For the full year, Bally’s posted total revenue of $2.45 billion. The casino and resort segment led with $1.36 billion. Bally’s Intralot B2C and B2B segments contributed $902 million and $6.9 million respectively, while North America Interactive added $170.3 million.

The company opened its new landside entertainment complex in Baton Rouge during Q4, adding another property to the portfolio.

New York License Worth Billions

The big news was securing one of the downstate New York casino licenses, allowing Bally’s to develop a $4 billion resort at Ferry Point Park in The Bronx.

Plans call for 3,500 slot machines, 210 table games, and 500 hotel rooms. That’s not a casino, that’s a destination.

Combined with ongoing work on Bally’s Chicago and the redevelopment of the former Tropicana site in Las Vegas (now Bally’s Las Vegas, sharing space with MLB’s Las Vegas Athletics), the company has major projects underway in three of America’s most important gaming markets.

International Play

October saw Bally’s combine its International Interactive Business with Intralot to create Bally’s Intralot, with Bally’s holding a 58% stake. Reeves positioned it as a future global leader in iGaming and lottery.

The company also acquired a controlling stake in Australia’s The Star Entertainment, a troubled operator that could benefit from Bally’s operational expertise.

Worth knowing: Bally’s will file an extension for its annual 10-K report, and these preliminary results may differ from the final numbers. Not unusual, but something to watch.

Reeves wrapped it up by saying the strategic moves have created a “scaled, growing, global omni-channel provider” and promised aggressive pursuit of growth opportunities. With New York, Chicago, Las Vegas and Australia all in play, that’s not empty talk.