Bally’s Corporation has reported financial results for the first quarter ended March 31, 2025.

Total revenue for the post-merger period from February 8, 2025 to March 31, 2025 and the pre-merger period from January 1, 2025 to February 7, 2025 was $589.2 million decreased 4.7%, or $29.3 million, from $618.5 million in the three months ended March 31, 2024.

U.K. online revenue grew 4.9% while overall International Interactive revenue declined 18.3% year over
year to $191.7 million due to the divestiture of the Asia interactive business in 2024. Excluding the impact of the Asia interactive business divestiture, International Interactive revenue grew 7.7% year over year.

Robeson Reeves, Bally’s Chief Executive Officer, commented, “Early in the 2025 first quarter we completed a series of transactions with The Queen Casino & Entertainment (“Queen”) and Standard General which has further expandedour scale and positioned the Company for compelling long-term growth as we added four regional gaming propertieswith attractive growth opportunities. Following the completion of these transactions, Bally’s expanded its domesticgaming portfolio and is deploying a range of best operating practices from both our legacy properties and Queen’soperations.

These initiatives are focused on driving operating efficiencies, profitable top line growth and improving
operating margins while we simultaneously focus on growing our International Interactive business and optimizingthe results of our North America Interactive segment.

“There continued to be stability in the domestic regional gaming environment in the first quarter, but inclement weather and increased supply in a few of our regional markets offset the growth generated by the addition of the Queen assets. The team has overcome some traffic impacts in Rhode Island through marketing interventions, theChicago temporary facility continues to fine tune its operations and build its data base in anticipation of the openingof the permanent facility, and we expect improvements in Atlantic City based on recent leadership changes. Despitethe competitive landscape, during the first quarter, Bally’s legacy properties outpaced market growth in seven of twelve jurisdictions.