Ground has been broken on Bally’s Corporation’s permanent Chicago casino, the company confirmed as it released its financial report for the three- and 12-month periods ending December 31, 2024.
Company-wide revenue for the quarter reached US$580.4m, a decrease of 5.1 per cent year-on-year from $611.7m. Of that, $324.4m was revenue solely from casinos and resorts, down from $342.3m.
However, the annual figure still met that of the previous year, at $2.45bn, with a casino and resorts revenue of $1.36bn, also matching that of the previous year.
“Fiscal 2024 was a transformational and transitional year for Bally’s as we funded and began development of our permanent Chicago casino resort and completed the controlled demolition of the Tropicana in Las Vegas paving the way for Major League Baseball’s A’s franchise to move to the site,” said Robeson Reeves, Bally’s CEO.
“Following these milestones, in early 2025 Bally’s completed a series of transactions with The Queen Casino & Entertainment (Queen) and Standard General which has further expanded our scale and positioned the Company for compelling long-term growth.
“The ‘new’ Bally’s 2.0 is a dynamic global land-based and online casino operator with attractive growth pipelines in U.S. gaming. Reflecting the now completed strategic transactions, the four complementary Queen casinos are poised to continue their rapid growth as they benefit from inclusion in a broader domestic gaming portfolio, with Bally’s benefiting from the expansion and diversification of our geographic profile.
“We emerged from these transactions significantly stronger, with the financial and operating wherewithal to continue to drive growth across our expanded Casinos & Resorts segment, our International Interactive business and our North America Interactive segment."
