Bally's Corporation (BALY): PESTLE Analysis [Nov-2025 Updated]

You're looking at Bally's Corporation (BALY) and trying to map out the next few years. Honestly, the company is in a high-stakes transition-they're betting big on massive construction projects and a global digital pivot, which means high leverage but also huge upside potential if they execute. This PESTLE analysis gives you the clear, late-2025 view on the external forces shaping their path.

Political Factors: High-Stakes Regulatory Bids

The Political landscape for Bally's is a classic high-reward, high-risk scenario, tied directly to massive capital projects. The immediate focus is securing the New York City casino license for the $4 billion Bronx project; this is a political gauntlet with local community opposition already citing environmental and crime concerns near the Ferry Point Park site. Conversely, the $1.7 billion Chicago casino is politically supported, backed by Illinois tax revenue agreements, which de-risks that build defintely. Also, easing online advertising restrictions in markets like Spain is a quiet but meaningful boost to International Interactive revenue, showing that regulatory shifts cut both ways.

This is a political gauntlet.

Economic Factors: Leverage and Liquidity

The Economic picture is defined by heavy development spending. Here's the quick math: total capital expenditure (capex) is expected to be around $1.4 billion through 2026 for major projects, and this pushes consolidated leverage to about 12x in 2025. That's high. But, the significant liquidity boost from the Intralot S.A. transaction, providing €1.53 billion in cash, is the critical counter-move. At least $1 billion of those Intralot cash proceeds are earmarked for secured debt reduction, directly addressing that immediate balance sheet risk. The core business is still performing, with Casinos & Resorts revenue growing 12.1% year-over-year in Q3 2025, so the cash flow engine is running.

Sociological Factors: Digital Pivot and Responsible Gaming

Sociologically, the biggest trend is the consumer pivot to digital. This shift isn't theoretical; it drove a 21.5% Q2 2025 revenue growth in the North America Interactive segment, validating the Bally Bet platform. The company's omni-channel strategy is built to capture this, targeting over 11 million domestic and 20 million international loyalty customers. Still, with high-profile gaming expansion comes social scrutiny. Bally's is managing this with a strong focus on Responsible Gaming (RG), including a $1.05 million commitment to the International Center for Responsible Gaming (ICRG). Plus, their workforce development programs in Hospitality, IT, and Cybersecurity are a smart way to create local jobs and address labor needs, which is a key community relations factor.

This shift isn't theoretical.

Technological Factors: Global Platform Scaling

The Technological strategy is about rapid scale through smart integration and acquisition. The North America Interactive segment revenue grew 21.5% to $56.5 million in Q2 2025, proving the investment in the Bally Bet platform is working. The acquisition of a 58% majority stake in Intralot S.A. is a game-changer, providing global business-to-business (B2B) lottery technology and immediate digital reach. Also, the strategic partnership with Evolution Gaming will expand iGaming content in key states like Rhode Island, New Jersey, and Pennsylvania. The final piece is the company-wide rollout of an integrated Bally Rewards program to link physical casino play with online iGaming, which is the core of their omni-channel promise.

The investment in the Bally Bet platform is working.

Legal Factors: Multi-State Compliance and Approvals

Legal compliance is a complex, multi-state operational burden for Bally's. They hold online sports betting licenses in 13 North American jurisdictions, which means constant, complex multi-state compliance. The good news is that they secured regulatory approval for the permanent Chicago casino site plan in February 2025, clearing a major hurdle. To be fair, the Illinois Gaming Board oversight required a quick resolution of a vendor issue at the Chicago construction site in 2025, showing the constant scrutiny. Plus, there is ongoing legal and regulatory scrutiny in Australia following the strategic capital investment in Star Entertainment Group, so international legal risk is still a factor.

Multi-state compliance is a constant operational burden.

Environmental Factors: Policy vs. Local Opposition

The Environmental factor is a mix of formal corporate policy and local development friction. Bally's has a formal Environment and Climate Change Policy that commits to mitigating significant impacts like energy use and waste generation. They are also committed to measuring and monitoring Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions using the GHG Protocol Corporate Standard, which is the right standard to use. However, the Bronx casino proposal faces opposition focused on environmental issues, specifically potential increased stormwater runoff and concerns about the site's toxic history. On the flip side, the Chicago development includes a 2-acre public park and a 2,000-foot riverwalk extension, adding tangible green space to the urban environment, which is a key de-risker for community relations.

Bally's Corporation (BALY) - PESTLE Analysis: Political factors

Major regulatory risk with the New York City casino license bid for the $4 billion Bronx project

The pursuit of one of the three downstate New York casino licenses represents Bally's Corporation's single largest regulatory risk and opportunity in 2025. The company's proposed $4 billion casino-resort at Ferry Point Park in the Bronx has advanced, but it remains one of the most politically contentious bids.

The key regulatory hurdle was the land-use approval, which the New York City Council initially rejected in a 29-9 vote in July 2025. This was a clear political setback. However, Mayor Eric Adams intervened in August 2025, issuing a rare mayoral veto to revive the project, demonstrating significant high-level political support for the economic development it promises. The final decision rests with the New York Gaming Facility Location Board, which is expected to award the licenses by the end of 2025.

To mitigate political and community opposition, Bally's has substantially increased its financial commitments. Here's the quick math on the community package:

• Annual Community Benefit Fund Pledge: Increased from $12.5 million to at least $15 million annually.
• Public Safety Component: Boosted from $3 million to $5 million annually.
• Total Annual Support: $27.5 million in ongoing, annual support upon the facility's opening.

Political support secured for the $1.7 billion Chicago casino, backed by Illinois tax revenue agreements

Bally's $1.7 billion permanent Chicago casino project, located at the former Tribune Publishing plant, is politically secured by the city's sole casino license, but it faces new political and fiscal challenges. The city is banking on the casino to generate up to $200 million in annual gaming taxes to shore up police and fire pensions.

The current political fight centers on a request for a 12-year property tax reduction. Bally's is seeking to lower the tax assessment rate from the commercial standard of 25% to 10% for the first decade, arguing this incentive is crucial for the project's financial viability. This request has met political resistance in the City Council, delaying its path.

Plus, a new regulatory threat emerged in late 2025 with a City Council proposal to legalize Video Gaming Terminals (VGTs) in Chicago. Bally's government relations team publicly warned that VGT legalization could jeopardize the project's financial model, estimating a total yearly tax loss of $260 million from the casino, with the city losing roughly $70 million in tax revenue annually, and threatening a reduction of 750 to 1,050 jobs at the new resort.

Local community opposition in the Bronx citing environmental and crime concerns for the Ferry Point Park site

Despite the Community Advisory Council (CAC) voting 5-1 in September 2025 to advance the Bronx proposal, local community opposition remains a potent political headwind. This is a classic political battle pitting economic benefit against quality of life concerns.

The primary opposition, led by groups like Frogs Neck residents and local Council Member Kristy Marmorato, focuses on three core issues:

• Environmental: Concerns over the loss of public parkland, increased stormwater runoff, and the potential release of methane gas due to the site's toxic landfill history.
• Crime: Warnings that the casino will attract undesirable elements, leading to a rise in crime and instability in the surrounding neighborhoods.
• Traffic: Fears of massive traffic gridlock from the estimated 5 million additional cars Bally's hopes to draw annually.

The single dissenting vote on the CAC reflected the will of the immediate neighborhood, showing that local political support is defintely not unified, creating a persistent political risk that the Gaming Facility Location Board must weigh.

Easing of online advertising restrictions in markets like Spain boosting International Interactive revenue

Political shifts in European regulatory environments have provided a near-term revenue tailwind for Bally's International Interactive segment, which is primarily composed of the Gamesys business. The easing of online advertising restrictions in markets like Spain has been a key driver.

In Q2 2025, the International Interactive segment reported revenue of $206.1 million. While this was a 10.2% decrease year-over-year due to the 2024 divestiture of the Asia-facing business, the core European operations showed strong organic growth. Excluding the divested operations, the segment's revenue would have been up 10.0% year-over-year, with Spain contributing to this growth. The segment's adjusted EBITDAR also edged up 1.1% to $82.2 million in Q2 2025.

However, this entire segment is subject to a major political and regulatory shift, as Bally's agreed to sell the International Interactive business to Intralot SA for €2.7 billion (approximately $3.1 billion), a deal expected to close in Q4 2025. This divestiture will simplify Bally's regulatory exposure to international interactive markets, focusing the company almost entirely on the complex, highly localized US land-based and North American interactive regulatory landscape.

Bally's Corporation (BALY) - PESTLE Analysis: Economic factors

You're looking at Bally's Corporation (BALY) and seeing a company in a high-stakes, high-leverage transition. The economic picture is defined by aggressive development spending and a critical, debt-reducing transaction that has temporarily skewed the balance sheet. The key takeaway is that the strategic pivot to a global, integrated gaming model is funded, but it comes with a heavy near-term debt load.

High consolidated leverage expected at about 12x in 2025 due to development spending and recent mergers.

Bally's Corporation is operating with a very high debt-to-Adjusted EBITDA ratio, a direct consequence of its strategic M&A and large-scale construction projects. For the 2025 fiscal year, the consolidated S&P Global Ratings-adjusted leverage is expected to be about 12x.

Here's the quick math: This elevated leverage is not a sign of operational distress alone, but rather a reflection of the significant, non-recurring capital deployed for growth. The two primary drivers are the development of the Bally's Chicago casino and the financial structuring costs related to the merger with The Queen Casino & Entertainment and the Intralot S.A. transaction.

To be fair, this high leverage is anticipated to moderate as the new, high-EBITDAR properties like the permanent Chicago casino come online, but for 2025, it's a defintely a major financial risk to monitor.

Significant liquidity boost from the Intralot S.A. transaction, providing €1.53 billion in cash.

The strategic combination of Bally's International Interactive business with Intralot S.A. was a crucial move to inject immediate liquidity. Completed in October 2025, the transaction provided Bally's Corporation with €1.53 billion in cash proceeds. This cash, alongside €1.136 billion in newly issued Intralot shares, was part of the total €2.7 billion transaction. Bally's now holds a 58% majority equity interest in Intralot S.A., which it will fully consolidate in its financial reporting, establishing a new global entity in iGaming and lottery.

At least $1 billion of Intralot cash proceeds earmarked for secured debt reduction, addressing immediate balance sheet risk.

The first and most critical action following the Intralot transaction was the commitment to deleveraging the balance sheet. Bally's Corporation intends to allocate at least $1 billion of the after-tax cash proceeds specifically to repay secured debt and outstanding revolver balances. This action directly addresses the immediate risk posed by the high leverage ratio. Initial reports indicate that approximately $1.3 billion of the proceeds were used to pay down secured debt and revolver balances immediately after the transaction closed.

Casinos & Resorts revenue grew 12.1% year-over-year in Q3 2025, driven by the addition of four regional gaming properties.

The core land-based business is showing solid organic and acquisitive growth. The Casinos & Resorts segment revenue for Q3 2025 reached $396.1 million, a year-over-year increase of 12.1%. This growth was primarily fueled by the successful integration of four regional gaming properties acquired earlier in 2025 from The Queen Casino & Entertainment.

The regional portfolio's performance is a key economic stabilizer, offsetting some of the high-cost development spending. The acquired properties are located in diverse markets, including Vicksburg and Kansas City, which showed particularly strong results.

Total capital expenditure (capex) expected to be around $1.4 billion through 2026 for major development projects.

Bally's Corporation is in a heavy investment cycle, committing substantial capital to new development. The total capital expenditure for major development projects is expected to be around $1.4 billion through 2026. This figure is driven by several high-profile, multi-year projects:

• The flagship permanent Bally's Chicago casino resort, which has a total project cost of approximately $1.7 billion.
• Secured financing for the Bally's Chicago project is $940 million.
• Ongoing planning and development for the former Tropicana site redevelopment in Las Vegas.
• A proposed $4 billion plan for a new entertainment resort in the Bronx, New York, pending license approval.

What this estimate hides is the sheer scale of the long-term ambition; the total potential development spend, including the proposed Bronx project, runs into the billions, but the near-term cash commitment through 2026 is concentrated on Chicago and other core expansions.

Bally's Corporation (BALY) - PESTLE Analysis: Social factors

Omni-channel strategy targets over 11 million domestic and 20 million international loyalty customers

You need to see Bally's Corporation's customer base not just as a number, but as a deeply engaged ecosystem, an omni-channel strategy (integrating retail and online experiences) in action. The scale of their loyalty programs is a significant social factor, showing their reach into consumer leisure habits globally. This massive pool of players provides a crucial data advantage for personalized marketing and risk management.

As of late 2025, Bally's serves a total of over 31 million customers through its loyalty programs. This is a huge number, so the company must manage its social impact carefully. Honestly, that kind of scale is the foundation of their 'Bally's 2.0' transformation, allowing them to cross-market between physical casinos and digital platforms like Bally Bet and Bally Casino.

• Domestic Loyalty Customers: Over 11 million
• International Loyalty Customers: Over 20 million

Shifting consumer preference toward digital gaming drives the 21.5% Q2 2025 revenue growth in North America Interactive

The clear shift in consumer behavior toward digital entertainment is the primary tailwind for Bally's Interactive segment. People are increasingly comfortable with and prefer the accessibility of online sports betting (OSB) and iGaming (internet gaming), which is driving strong financial results for the company. This trend is defintely not slowing down.

The North America Interactive segment's revenue performance in the second quarter of 2025 highlights this trend. Revenue climbed 21.5% year-over-year to $56.5 million for Q2 2025, a significant jump that pushed the division back to profitability with an Adjusted EBITDAR of $2.5 million (up from a $2.2 million loss a year earlier). This growth is fueled by the expansion of iGaming in states like New Jersey, Pennsylvania, Rhode Island, and Ontario, plus the BallyBet sports offering being live in 13 North American jurisdictions. The quick math here shows how consumer digital adoption directly translates to financial recovery and growth.

Strong focus on Responsible Gaming (RG), including a $1.05 million commitment to the International Center for Responsible Gaming (ICRG)

The increasing social and regulatory scrutiny on problem gambling makes a strong Responsible Gaming (RG) framework a non-negotiable part of the business model. Bally's commitment here is not just compliance; it's a social license to operate, especially as their digital footprint expands. The company has made a major financial commitment to advance independent research on this critical social issue.

Bally's committed over $1.05 million to the International Center for Responsible Gaming (ICRG) to support multi-year scientific research. This funding is specifically directed at understanding the health risks of gambling among young adults and improving the effectiveness of RG tools. This is a smart, proactive move to get ahead of potential future regulation, and it shows a clear understanding of their societal obligations.

The ICRG commitment is allocated to specific research grants:

• University of Sydney, Australia: $402,500 grant for responsible-gambling programs to boost tool utilization.
• University of Washington: $172,500 grant for research on young adult sports wagering (ages 18-26).
• Additional funding of $450,000 is earmarked to revamp RG communications to be more engaging and less stigmatizing.

Workforce development programs in Hospitality, IT, and Cybersecurity aim to create local jobs and address labor needs

As Bally's expands its physical and digital presence-especially with projects like the permanent Chicago resort-the need for a skilled workforce in Hospitality, IT, and Cybersecurity is acute. Their social strategy includes direct investment in local labor pools to ensure a sustainable talent pipeline and to foster community goodwill.

A key example is the long-term workforce and economic development partnership with the Community College of Rhode Island (CCRI) Foundation, where Bally's pledged $5 million over five years. This landmark donation is designed to create scholarships and educational opportunities for Rhode Islanders seeking careers in the growing gaming and hospitality industries. For the company, this is a direct way to mitigate labor shortages in critical areas like gaming operations, hotel management, and food and beverage services.

Beyond this, their internal training, branded as 'Discover U,' is an online learning portal offering thousands of courses, which helps team members gain competencies in areas from technical skills to leadership. This focus on upskilling is essential for retaining talent and filling the complex roles required by a modern, technology-driven casino operator, including the high-demand areas of IT and Cybersecurity (Cybersecurity is a huge risk, so internal training is a must).

Bally's Corporation (BALY) - PESTLE Analysis: Technological factors

You're looking at Bally's Corporation's (BALY) tech strategy, and the takeaway is simple: the company is aggressively moving to an omni-channel (retail and online) model, leveraging its land-based brand to fuel digital growth. This isn't just about having an app; it's about deep integration and smart strategic partnerships that are already paying off in 2025.

North America Interactive Segment Revenue Grew 21.5% to $56.5 Million in Q2 2025, Validating the Bally Bet Platform Investment

The investment in the proprietary Bally Bet platform is defintely starting to show results. The North America Interactive segment, which houses the online sports betting and iGaming operations, posted a huge jump in revenue for the second quarter of 2025. Specifically, revenue climbed 21.5% year-over-year to $56.5 million for the quarter ended June 30, 2025. That's a clear sign the platform is gaining traction in key regulated markets like New Jersey, Pennsylvania, Rhode Island, and Ontario.

Here's the quick math on the operational improvement: the segment flipped from a $2.2 million loss in the prior year to a profitable Adjusted EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent) of $2.5 million in Q2 2025. That shift from loss to profit is crucial, showing that the technology spend is becoming productive rather than just a cost center. The Bally Bet sports offering is now live across 13 states, plus Ontario, as the company focuses on optimizing its cost structure and driving efficient customer acquisition.

Strategic Partnership with Evolution Gaming to Expand iGaming Content in Key States Like Rhode Island, New Jersey, and Pennsylvania

Bally's has been smart about not building everything in-house, choosing to partner with best-in-class content providers. The expanded partnership with Evolution Gaming is a perfect example of this. This deal, announced in July 2025, instantly broadened Bally Casino's content library and reach across the US.

The partnership focuses on two main areas:

• Launch of Evolution's entire portfolio of online slot titles in Rhode Island, including popular brands like NetEnt, Red Tiger, and Big Time Gaming. This marked Evolution's entry into the state, giving Bally's a competitive edge with premium content.
• Rollout of exclusive, Bally's-branded live dealer Blackjack tables in New Jersey and Pennsylvania. These dedicated tables are integrated directly into the Bally Bet Casino app, ensuring a cohesive and premium player experience.

This move is a fast way to get top-tier iGaming content to players. You can't underestimate the value of having a branded, high-quality live dealer experience for player loyalty.

Acquisition of a 58% Majority Stake in Intralot S.A. Provides Global B2B Lottery Technology and Digital Reach

The deal with Intralot S.A. is a game-changer for Bally's technology footprint, moving them from a regional operator with digital aspirations to a global technology player. In October 2025, the transaction finalized where Intralot acquired Bally's International Interactive business for an enterprise value of €2.7 billion (approximately $3.2 billion). But here's the twist: Bally's received cash and newly issued Intralot shares, resulting in Bally's Corporation becoming the majority shareholder with a 58% equity interest in Intralot.

This is a strategic masterstroke. Bally's now controls a global B2B (Business-to-Business) lottery and gaming technology firm, which has a massive scale and a complementary product offering across B2G (Business-to-Government), B2B, and B2C (Business-to-Consumer) channels. The combined entity is expected to generate approximately €1.1 billion in annual revenue. The cash component of the deal, which included €1.530 billion in cash, is being used to strengthen Bally's balance sheet, with at least $1.0 billion allocated to reducing secured debt. It's a classic move: monetize a mature asset to gain liquidity and a controlling stake in a high-growth, complementary tech platform.

Company-Wide Rollout of an Integrated Bally Rewards Program to Link Physical Casino Play with Online iGaming

The core of Bally's omni-channel strategy is the Bally Rewards loyalty program. The company has been rolling out a fully integrated system that links a player's activity at a physical casino with their play on the Bally Casino and Bally Bet online platforms. This is more than just a loyalty card; it's a unified data platform (often called a single-view-of-customer) that drives personalized marketing and rewards.

The program, with a qualifying period of January 1 to December 31, 2025, allows players to earn Bally Bucks based on play on both slots and table games in-person, as well as on online wagers. This integration is critical for migrating high-value retail customers to the higher-margin digital channel. Plus, the Bally Rewards app now offers features like a cashless experience at locations such as Bally's Tahoe, allowing players to use the app as a virtual TITO (Ticket-In, Ticket-Out) ticket. This is a huge step in modernizing the retail experience and making the transition between physical and digital seamless.

Bally's Corporation (BALY) - PESTLE Analysis: Legal factors

Holds online sports betting licenses in 13 North American jurisdictions, requiring complex multi-state compliance.

The regulatory landscape for Bally's Corporation's interactive division is a patchwork of state and provincial laws, creating significant compliance overhead. Bally's holds Online Sports Betting (OSB) licenses in 13 jurisdictions across North America as of mid-2025. This sprawling footprint means the company must navigate a maze of disparate rules covering everything from advertising standards and data privacy to responsible gaming protocols in each state.

This multi-jurisdictional compliance is a constant, high-stakes operational risk, but it is also the key to market access. The Bally Bet sportsbook is live in 11 states, with iGaming live in New Jersey, Pennsylvania, Rhode Island, and Ontario. Staying ahead of regulatory changes is defintely a full-time job for the legal team.

Here is a quick breakdown of the licensing scope:

• Total North American OSB Licenses: 13 jurisdictions.
• iGaming Live Markets: New Jersey, Pennsylvania, Rhode Island, and Ontario.
• Bally Bet Sportsbook Live Markets: 11 states.

Illinois Gaming Board oversight required quick resolution of a vendor issue at the Chicago casino construction site in 2025.

The development of the $1.7 billion permanent Chicago casino, a flagship project for Bally's, faced a direct legal and regulatory challenge in the second quarter of 2025. The Illinois Gaming Board (IGB) issued a stop-work order on May 1, 2025, citing the use of an unapproved vendor, D&P Construction, for waste removal services.

The issue was serious: the vendor had historical links to alleged organized crime, which is a major red flag under Illinois gaming law. The IGB's swift action demonstrated its zero-tolerance policy, forcing Bally's to halt construction for a two-week period. Bally's quickly resolved the disclosure failures, and the IGB lifted the order, allowing construction to resume on May 15, 2025. This incident underscores the intense scrutiny that major casino developments face from state regulators, even concerning subcontractors.

The temporary casino, which has been operating since September 2023, generated $3 million in city tax revenue in the early part of 2025, but this was behind the city's $16.5 million projection for the full fiscal year, which puts more pressure on the permanent site timeline. The IGB's oversight is not just about compliance; it's about maintaining the integrity of the entire Illinois gaming industry.

Regulatory approval secured for the permanent Chicago casino site plan in February 2025, clearing a major hurdle.

A critical legal and planning milestone was cleared in February 2025 when the Chicago Department of Planning and Development gave formal site plan approval for the permanent casino at the former Chicago Tribune printing plant site at 777 W. Chicago Ave. This approval was essential for the project to move from demolition to full construction.

The approved plan details the immense scale of the project, which is set to open in late 2026. This formal sign-off allows the project to move forward with the $940 million construction funding facility secured through a binding term sheet with Gaming and Leisure Properties, Inc. (GLPI).

The approved design features include:

Ongoing legal and regulatory scrutiny in Australia following the strategic capital investment in Star Entertainment Group.

Bally's strategic move into the Australian market through a capital investment in Star Entertainment Group (Star) has immediately placed the company under the intense regulatory spotlight of the New South Wales Independent Casino Commission (NICC). Bally's, in partnership with Bruce Mathieson's Investment Holdings, proposed a rescue package totaling AU$300 million (approximately US$196 million), with Bally's contributing AU$200 million (approximately US$130.5 million).

The investment, which was approved by Star shareholders, is structured through convertible notes that would give Bally's a 38% stake in Star, with the potential to gain control of about 56% upon full conversion. The key risk here is that the transaction still requires regulatory approval from the NICC, which has publicly stated it is far from satisfied with Star's past conduct and requires Bally's to provide clear evidence of its suitability to be associated with a casino license.

The NICC is delaying its decision until the Australian financial crime watchdog, AUSTRAC, confirms the amount Star will be fined for historical anti-money laundering (AML) failures. This means Bally's entry and its expected turnaround efforts are currently hostage to Star's pre-existing legal and compliance issues, creating an overhang of regulatory uncertainty and potential liability.

Bally's Corporation (BALY) - PESTLE Analysis: Environmental factors

Formal Environment and Climate Change Policy commits to mitigating significant impacts like energy use and waste generation.

As a casino-entertainment company, Bally's Corporation's main environmental impacts stem from its physical resorts, which are energy and water-intensive operations. The company has formalized its dedication to environmental stewardship through a Formal Environment and Climate Change Policy, confirming a commitment to understanding and mitigating its overall environmental footprint.

This policy outlines a clear strategy focused on compliance with all environmental regulations, striving to reduce energy consumption through efficiency improvements, and transitioning to lower-carbon or renewable energy sources where possible. For example, at Bally's Quad Cities in Rock Island, Illinois, they've implemented lighting upgrades that resulted in a 45% efficiency gain and installed water aerators that reduced water consumption by 30%. That's a solid, measurable step.

Commitment to measuring and monitoring Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions using the GHG Protocol Corporate Standard.

Bally's Corporation is committed to transparency in its climate impact, which is why it uses the global standard, the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard, to measure and monitor its emissions.

They have been diligently tracking their Scope 1 (direct) and Scope 2 (indirect from purchased energy) carbon emissions since 2021 and have since broadened their efforts to include the more complex Scope 3 (value chain) emissions. While the full 2024/2025 fiscal year data is pending, the most recent publicly available data from the 2023 SASB Disclosure gives us a clear view of their water management, which is a major factor for resort operations.

Here's the quick math on their water usage for the 2023 fiscal year:

The fact that 0% of their water withdrawal and consumption comes from areas designated with High or Extremely High Baseline Water Stress is defintely a positive operational risk signal.

Bronx casino proposal faces opposition over potential increased stormwater runoff and concerns about the site's toxic history.

The proposed Bally's Bronx casino, a $4 billion integrated resort at Ferry Point Park, has faced significant environmental pushback, which ultimately led to the New York City Council's rejection of the necessary rezoning application in July 2025.

The core environmental risk is tied to the site's history as a former landfill. The Draft Environmental Impact Statement (DEIS) confirmed the presence of hazardous materials, including:

• High methane concentrations found at two- to three-feet below the surface.
• The presence of SVOCs, PCBs, arsenic, and lead above risk-based criteria.

Local residents and environmental groups like Save the Sound raised concerns that construction, which would breach the landfill cap, could expose the public to these hazardous materials. Plus, the sheer size of the 3.1 million-square-foot complex raised alarms about inadequate mitigation for increased stormwater runoff, posing a threat to local waterways like Westchester Creek and the upper East River.

Chicago development includes a 2-acre public park and a 2,000-foot riverwalk extension, adding green space to the urban environment.

In contrast to the Bronx project's environmental challenges, Bally's Corporation's Chicago casino development at the former Tribune Publishing site is actively incorporating significant public green space and environmental amenities into its design. This is a clear example of local environmental mitigation and community benefit.

The permanent site plan, which received formal approval from the Chicago Department of Planning and Development in February 2025, includes two key public-facing environmental additions:

• A 2-acre public park, adding much-needed green space to the urban riverfront.
• An approximately 2,000-foot-long extension of the riverwalk, enhancing public access to the Chicago River.

This kind of investment in public space helps balance the environmental impact of a large commercial development and provides a tangible benefit to the city's ecosystem and residents. It's a smart way to manage the 'E' in ESG for a major urban project.