Bally's second-quarter earnings boosted by 5.8%, fueled by casino and resort sectors
Bally's Corporation Advances Major Casino and Resort Projects in New York and Chicago
Bally's Corporation is making significant strides in its casino and resort expansion, with active progress on two major projects in the Bronx, New York, and Chicago.
In the Bronx, New York, Bally's is pursuing a $4 billion casino and resort project at Ferry Point in Throggs Neck. The project, which includes a mixed-use development on the grounds of the existing Bally's Golf Links, is contingent on city approvals, including zoning changes due to part of the site being city-owned land. After the New York City Council initially voted 29-9 to reject Bally’s zoning application in July 2025, Mayor Eric Adams vetoed the council's rejection, effectively reviving the project in August 2025. The council did not override the veto, allowing Bally’s to continue advancing the casino plan pending a city gaming license.
For Chicago, Bally's is already in the construction phase of a major permanent gaming and entertainment resort. The Chicago resort, described as having approximately 3,400 slot machines, over 170 table games, a 500-room hotel tower, a 3,000-seat theater, ten food and beverage venues, and a river-side public park, appears further along, with active construction underway as of mid-2025, marking a significant milestone in Bally’s expansion.
Here's a summary of the key features and status of each project:
| Location | Status | Key Features | Timeline | |----------------|---------------------------|-----------------------------------------------------|-------------------------------------| | Bronx, NY | Zoning and city approvals ongoing; Mayor veto over council rejection | $4 billion casino resort; mixed-use development on Ferry Point; pending city gaming license | Initial rejection in July 2025; revived in August 2025 after mayoral veto; planning ongoing| | Chicago, IL | Construction underway | ~3,400 slots, 170+ table games, 500-room hotel, 3,000-seat theater, 10 F&B venues, riverside park | Construction in full swing as of Q2 2025 |
Bally’s is also expanding its gaming technology and services globally through a strategic partnership with Intralot S.A., expected to close in late 2025. This partnership will enhance Bally’s resources and financial position, likely supporting their large-scale projects.
In the United States, BallyBet sports offering is active in 13 states, including New Jersey and Ontario. Bally's iGaming operations are currently operational in New Jersey, Pennsylvania, Rhode Island, and Ontario. The company's International Interactive segment, excluding the sale, experienced a 10% increase compared to the prior year. Spain also showed revenue growth in the International Interactive segment due to the relaxation of marketing regulations.
Bally's has also made strategic moves such as a merger with Queen Casino and Entertainment, and a strategic capital investment of AU$200 million in Star Entertainment Group Limited, although these are not mentioned in the previously provided bullet points.
CEO Robeson Reeves stated that the Q2 results reflect "milestone achievements and marked progress on our continued business transformation as the new Bally's 2.0." With the progress in New York and Chicago, it seems Bally's is well on its way to achieving these milestones.
[1] New York City Council votes to reject Bally's casino proposal [2] Mayor Adams vetoes New York City Council's rejection of Bally's casino proposal [3] Bally's casino project in New York City moves forward after mayoral veto [4] Bally's casino project in New York City awaits city gaming license [5] Bally's casino and resort construction progressing in Chicago
[1] Despite the initial rejection of Bally's casino proposal by the New York City Council, the project is moving forward.
[2] The progress of Bally's casino and resort project in New York City is contingent on the city granting a gaming license, following Mayor Adams' veto of the council's rejection in August 2025.
