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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Business Combination Certain adjustments have been made to Queen’s historical carrying values to conform accounting policies with the Company,
with any such adjustments being recorded to equity. The preliminary purchase price of Queen is estimated based on the fair
value of all existing and outstanding shares of Queen that were exchanged for shares of Company common stock, with the net
effect of the transaction being charged to equity.
The preliminary purchase price of Queen and adjustment to equity resulting from the merger consists of the following:
(in thousands, except share and per share data)
Amount
Queen common stock outstanding on February 7, 2025
10,967,117
Per share ratio
2.45
Equivalent Bally’s common stock to be issued
26,909,895
Bally’s common stock issued to settle Queen’s outstanding warrant and restricted stock awards
3,542,201
Total Bally’s shares issued for Queen shares outstanding
30,452,096
Share price per Merger Agreement
$18.25
Total purchase price
$555,751
Less: Queen net assets assumed
217,027
Equity adjustment associated with the Queen merger
$338,724
Schedule of Accounts Receivable Accounts receivable, net consists of the following:
Successor
Predecessor
(in thousands)
December 31,
2025
December 31,
2024
Amounts due from GLPI(1)
$63,172
$—
Non-gaming receivables
93,698
27,803
Gaming receivables
24,392
20,700
Accounts due from Rhode Island and Delaware(2)
14,101
14,135
Accounts receivable
195,363
62,638
Less: Allowance for credit losses
(1,412)
(7,152)
Accounts receivable, net
$193,951
$55,486
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(1)Represents amounts due from GLPI related to the development of the Company’s future permanent casino resort in Chicago. Refer to Note 15 “Leases”
for further information.
(2)Represents the Company’s share of VLT and table games revenue for Bally’s Twin River and Bally’s Tiverton due from the State of Rhode Island and for
Bally’s Dover from the State of Delaware.
Schedule of Allowance for Doubtful Accounts Activity for the
allowance for credit losses is as follows (in thousands):
Allowance for credit losses as of December 31, 2023 (Predecessor)
$6,048
Charged to expense
1,990
Deductions
(886)
Allowance for credit losses as of December 31, 2024 (Predecessor)
7,152
Charged to expense
96
Deductions
(129)
Allowance for credit losses as of February 7, 2025 (Predecessor)
$7,119
Allowance for credit losses as of February 8, 2025 (Successor)
$—
Charged to expense
3,655
Deductions
(2,243)
Allowance for credit losses as of December 31, 2025 (Successor)
$1,412
Property and Equipment Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or
the related lease term, if any, as follows:
Years
Land improvements
10-20
Building and improvements
2-50
Equipment
2-10
Furniture and fixtures
2-10
As of December 31, 2025 (Successor) and 2024 (Predecessor), property and equipment, net was comprised of the following:
Successor
Predecessor
(in thousands)
December 31,
2025
December 31,
2024
Land and improvements
$98,527
$49,553
Building and improvements
712,236
370,086
Equipment
265,357
280,946
Furniture and fixtures
54,146
64,109
Construction in process(1)
27,621
149,906
Total property and equipment
1,157,887
914,600
Less: Accumulated depreciation
(94,148)
(283,898)
Property and equipment, net
$1,063,739
$630,702
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(1)Refer to Note 15 “Leases” for further information on the Company’s reclassification of its construction in process related to the construction of its
permanent casino resort in Chicago in connection with the signing of the Chicago MLA.