Bally reports substantial growth in quarterly income during Q2
Bally's Corp. Delivers Strong Q2 2025 Performance, Focuses on Global Expansion
Bally's Corp. has reported a robust financial performance for Q2 2025, with total revenue reaching $657.5 million, marking a 5.8% year-over-year increase. The company did not hold a quarterly earnings call for the third consecutive quarter.
The Casinos & Resorts division saw a significant revenue boost of 14.7%, amounting to $393.3 million. This growth was primarily driven by the February 2025 merger with The Queen Casino & Entertainment. In North America, online revenue surged by 21.5% to $56.5 million.
Bally's 2.0, the company's strategic initiative, aims to become a global omni-channel provider of retail and online experiences. Construction of Bally's Chicago is in full swing, and the company is advancing a $4 billion casino and resort project in the Bronx, demonstrating expansion in real estate and resort development.
In the international arena, the company saw a revenue decrease of 10.2% to $206.1 million, primarily due to the divestiture of Bally's Asia interactive business. However, Bally's has increased its investment in Intralot to 33.34%, and invested AUD 200 million in Star Entertainment Group Limited, a major Australian gaming company.
Early in Q3 2025, Bally's agreed to sell its International Interactive business to Intralot S.A. for €2.7 billion in cash and stock, after which Bally's is expected to become the majority shareholder of Intralot. This strategic move aims to bolster Bally's liquidity and reduce secured debt maturing in 2028.
Bally's Corp. operates in multiple jurisdictions including Europe, the United States, Australia, and the United Kingdom. The United Kingdom division experienced a revenue growth of 8.8%. Notably, Bally's Corp. did not report a profit or loss for the second quarter.
In other news, Zacks Equity Research predicted Bally's Corp. would sustain a loss of 23 cents per share. Bally's CEO, Robeson Reeves, discussed the progress of Bally's 2.0 business transformation, and the company is uniting its gaming and data technology with Intralot's lottery expertise to create a unique proposition.
Despite the net loss of $228.4 million for Q2 2025, impacted by a $185.4 million tax provision and significant goodwill/intangible assets from acquisitions, Bally's Corp. managed high interest expenses ($97.5 million) reflecting its capital structure adjustments following mergers and investments. The company also repurchased 22.8 million shares for about $416.2 million.
In a positive development, Bally's Corp. reversed a prior-year negative return on investment in online revenue, generating cash flow of $2.5 million instead of a $2.2 million EBITDA loss. The company's focus on operational efficiencies, global expansion, and improving the balance sheet continues to drive its growth.
Sports are an emerging area for Bally's Corp., as they aim to leverage the combining of their gaming and data technology with Intralot's lottery expertise to create a unique proposition. This new dynamic could potentially expand into the sports betting market as part of their global omni-channel strategy.
Despite the focus on expansion in various sectors, sports may still play a crucial role in Bally's 2.0 business transformation, contributing to its growth as a global provider of retail and online experiences.
