On other fronts, Reeves and CFO Marcus Glover hailed the resumption of smoking at Bally’s Shreveport, which they reported as redounding to the benefit of revenue at the Louisiana casino. He called early results in Pennsylvania “encouraging,” adding that igaming overall is “already generating positive returns.” “We continue to grow market share with tight control of costs,” said Reeves, noting the inception of online Bally’s Casino in the United Kingdom and the year-end goal of revamping BallyBet online in seven states domestically. Reeves pointed to “prudent financial approaches” to online sports betting, reiterating his view of it as a pathway to igaming, now the company’s focus. As for the resort currently there, Glover said that it was difficult to assess its competitive position “until we gain any more clarity on what the A’s are going to do.”īetween capex investments made in 2023 and the vast bulk of Bally’s Chicago megaresort costs falling into 2025-26, Bally’s leadership presented a sanguine outlook for the coming year. If approved by team owners, that would move the team to a purpose-built stadium where the Tropicana now stands.

Executives said they were in a holding pattern for-or “eagerly awaiting” as CEO Robeson Reeves put it-Major League Baseball’s impending vote on potential relocation of the Oakland Athletics to Las Vegas. Nothing was said about Atlantic City, but the Las Vegas underperformance was attributed to uncertainty about the Tropicana’s future, as well as the defection of customers and employees to rival casinos, due to that uncertainty. The Indiana casino was negatively impacted, according to Bally’s execs, by historical-horse-racing machines proliferating in Kentucky. Las Vegas, Atlantic City, and Evansville were all identified as soft spots in the company’s financial performance. We remain confident in our expectations” of $50 million a year in cash flow from the temporary, which will operate through September 2026.

Bally’s President George Papanier started by blaming Illinois regulators for “a three-month delay” in opening the temporary, before praising “trending volumes on a week-over-week basis.

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