Bally's Corp SEC 10-Q Report
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Bally's Corporation, a prominent player in the gaming and hospitality industry, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both the challenges and strategic initiatives undertaken during the period.
Financial Highlights
- Total Revenue: $657.5 million, reflecting a combination of gaming and non-gaming activities.
- (Loss) Income from Operations: $(2.4) million, indicating a slight operational loss for the period.
- Net Loss: $(228.4) million, primarily driven by high operating costs and interest expenses.
- Basic Loss Per Share: $(3.76), reflecting the net loss distributed over the weighted average common shares outstanding.
- Diluted Loss Per Share: $(3.76), consistent with the basic loss per share due to the net loss situation.
Business Highlights
- Revenue Segments: Bally's Corporation reported revenue from four principal sources: gaming, hotel, food and beverage, and retail, entertainment, and other. The gaming segment includes retail gaming, online gaming, sports betting, and racing. Non-gaming revenue is derived from hotel stays, food and beverage sales, and other retail and entertainment services.
- Geographical Performance: The company's operations are divided into three reportable segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment includes properties across the United States, while the International Interactive segment covers European gaming operations and licensing revenue. The North America Interactive segment focuses on sports betting and iGaming in North America.
- New Product Launches: Bally's Corporation launched new casino properties in 2025, including The Queen Baton Rouge, The Belle of Baton Rouge, Casino Queen Marquette, and DraftKings at Casino Queen, expanding its footprint in Louisiana and Illinois.
- New Production Launches: The company opened Bally's Chicago Casino, a temporary facility, as it constructs a permanent casino resort in Chicago, Illinois. This expansion is part of Bally's strategic growth initiatives to enhance its presence in key markets.
- Future Outlook: Bally's Corporation aims to expand its geographic footprint and enhance its development pipeline through strategic acquisitions and new property launches. The merger with Queen Casino & Entertainment, Inc. is expected to align with the company's broader strategic initiatives, providing additional growth opportunities in the gaming and hospitality sectors.
SEC Filing: Bally's Corp [ BALY ] - 10-Q - Aug. 11, 2025