Here are the 10-K annual reports from Bally's Corporation (BALY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BALY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BALY filings page.
Bally’s Corporation filed Amendment No. 1 to its Annual Report to add the auditor’s missing signature; all other disclosures continue to speak as of the original filing date.
For 2025, Bally’s reported total revenue of $2.44 billion for the Successor period from February 8 to December 31 and a net loss attributable to Bally’s of $650.1 million, reflecting heavy interest expense, impairment charges and merger-related costs. Basic and diluted loss per share for that period was $10.73.
The balance sheet expanded significantly after the Queen Merger and the Intralot acquisition, with total assets of $11.23 billion and total liabilities of $8.69 billion at December 31, 2025, including $4.50 billion of long-term and current debt. Non‑controlling interests of $1.55 billion mainly reflect minority ownership in Intralot and Bally’s Chicago.
The independent auditor concluded the financial statements present fairly in conformity with US GAAP but issued an adverse opinion on internal control over financial reporting because of a material weakness. Critical audit matters focused on goodwill impairment for the International Interactive reporting unit and complex purchase accounting for the Queen Merger and the Intralot business combination.
Bally’s Corporation describes how it is evolving into a global, diversified gaming, hospitality and technology company spanning casinos, interactive gaming and lottery operations. The company owns and operates 20 casinos as of February 28, 2026, plus a racetrack and golf course, and controls a majority stake in Bally’s Intralot S.A., active in 39 jurisdictions worldwide.
In 2025 Bally’s completed the merger with Standard General’s Queen Casino properties, a multi-stage combination with Intralot that created B2B and B2C lottery and interactive segments, and a A$200 million convertible investment for an interest in The Star Entertainment Group. It continued building a permanent Chicago casino, advanced plans for a Las Vegas project tied to a future Major League Baseball stadium, and secured a New York downstate casino license for a planned $4 billion Bronx resort.
The report highlights a technology stack anchored by the Vitruvian data and marketing platform, extensive responsible gaming initiatives, and a marketing strategy built around its Bally Rewards loyalty program. Key risks include heavy regulation, intense competition, economic sensitivity, material weaknesses in internal control over financial reporting, cybersecurity and data-privacy exposure, and rising UK gambling taxes. As of June 30, 2025, non‑affiliate common stock had an aggregate market value of approximately $68.9 million, with 48,535,459 common shares outstanding as of February 28, 2026.