Bally's (US:BALY)2026-03-16 20:31Revenue Performance - Company-wide revenue reached $746.2 million, an increase of 28.6% year over year[4] - Casinos & Resorts revenue was $366.2 million, up 12.9% year over year, benefiting from the Queen transaction completed in February 2025[4] - Bally's Intralot B2C revenue grew to $236.5 million, a 13.9% increase year over year, driven by growth in the UK and Spain[4] - North America Interactive revenue surged to $62.3 million, reflecting a 55.4% year over year growth due to iGaming and sports wagering[4] - Total revenue for the year ended December 31, 2025, reached $2,678,563, a slight increase from $2,675,726 in 2024[27] - The North America Interactive segment reported revenue of $215,289 for the year ended December 31, 2025, an increase from $190,090 in 2024, representing an increase of approximately 13%[27] - The total revenue for the Casinos & Resorts segment for the year ended December 31, 2025, was $1,526,575, down from $1,568,588 in 2024, reflecting a decrease of about 3%[27] Segment Performance - Bally's completed the acquisition of Bally's International Interactive business for €2.7 billion, consolidating its financial results[4] - Bally's Intralot B2B segment generated $79.9 million in revenue, significantly up from $6.9 million in the previous year[5] - Bally's Intralot B2C revenue for the year ended December 31, 2025, was $828,261, down from $902,632 in 2024, indicating a decline of about 8%[27] - Bally's Intralot B2B revenue for the year ended December 31, 2025, was $101,074, a significant increase from $6,861 in 2024[27] - The North America Interactive segment recorded positive Segment Adjusted EBITDAR of $0.8 million, a turnaround from a negative $10.2 million in the prior year[16] - The Corporate & Other segment reported an Adjusted EBITDAR loss of $69,172 for the year ended December 31, 2025, compared to a loss of $76,715 in 2024, showing an improvement[27] Capital Expenditures and Investments - Bally's plans to develop a $4 billion casino resort in Ferry Point Park, The Bronx, featuring 3,500 slot machines and a 500-room hotel[4] - The company opened a new entertainment complex in Baton Rouge following a $160 million renovation[4] - Capital expenditures for the period from February 8, 2025, to December 31, 2025, amounted to $167.87 million, a significant increase from $16.42 million in the preceding period[39] - Cash paid for capitalized software reached $35.47 million in the current period, compared to $2.32 million previously[39] - Acquisition of gaming licenses totaled $3.00 million, up from $2.51 million in the previous year[39] Financial Position - Cash and cash equivalents increased significantly to $798,423 as of December 31, 2025, compared to $171,233 in 2024[36] - Long-term debt, including current portion, rose to $4,500,657 as of December 31, 2025, up from $3,318,773 in 2024[36] Risk Management - The company has entered into currency swaps to convert $500 million of its Term Loan Facility to €461.6 million at a fixed rate of approximately 6.69% per annum, due October 2028[39] - An additional currency swap was executed to convert $200 million of its floating rate Term Loan Facility to £159.2 million, with a tenor due October 2026[39] - The company has also engaged in $1.0 billion notional interest rate swap contracts to fix interest rates until 2028 as part of its risk management program[39] Future Outlook - Bally's anticipates continued growth in the North America Interactive segment, driven by increased user engagement and market expansion strategies[25]