<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019d8773-6110-7600-81aa-fb33f32d10b7,g:98845c89-4d59-476b-9d04-efc36306de0a-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSunaudited" xlink:type="simple" xlink:href="balc-20260331.xsd#CONDENSEDCONSOLIDATEDBALANCESHEETSunaudited"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSunaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019d8773-61dd-7369-8f4e-add9d77122a8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019d8773-61dd-7cdd-8a58-6c4a510bc90f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019d8773-61dd-7369-8f4e-add9d77122a8" xlink:to="loc_us-gaap_CommonStockValue_019d8773-61dd-7cdd-8a58-6c4a510bc90f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019d8773-61dd-7a74-ba03-5348964d06cd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019d8773-61dd-7369-8f4e-add9d77122a8" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019d8773-61dd-7a74-ba03-5348964d06cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019d8773-61dd-7158-a0fd-8f4fd906021d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019d8773-61dd-7369-8f4e-add9d77122a8" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019d8773-61dd-7158-a0fd-8f4fd906021d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityCurrent_019d8773-61dd-7f38-a0cf-b08aa80f2cce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLiabilityCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:to="loc_us-gaap_OperatingLeaseLiabilityCurrent_019d8773-61dd-7f38-a0cf-b08aa80f2cce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_019d8773-61dd-76ef-87a5-fe2cf9aef81d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:to="loc_us-gaap_AccountsPayableCurrent_019d8773-61dd-76ef-87a5-fe2cf9aef81d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-61dd-710f-8966-0400cd9b7359" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccruedLiabilitiesCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-61dd-710f-8966-0400cd9b7359" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtCurrent_019d8773-61dd-7f5b-863c-bfad47fa9683" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:to="loc_us-gaap_LongTermDebtCurrent_019d8773-61dd-7f5b-863c-bfad47fa9683" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_019d8773-61dd-7b34-825b-40234edf57ad" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherLiabilitiesCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7700-a9cc-2b6f72f120ad" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_019d8773-61dd-7b34-825b-40234edf57ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Cash_019d8773-61dd-7e60-9a84-7b4460b01774" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Cash"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:to="loc_us-gaap_Cash_019d8773-61dd-7e60-9a84-7b4460b01774" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019d8773-61dd-7ad7-8498-ae61978be387" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_019d8773-61dd-7ad7-8498-ae61978be387" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_019d8773-61dd-79fa-b1e1-dbbbac233974" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InventoryNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:to="loc_us-gaap_InventoryNet_019d8773-61dd-79fa-b1e1-dbbbac233974" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-61dd-7cb5-a310-d19c42a275c8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-61dd-7cb5-a310-d19c42a275c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivablesNetCurrent_019d8773-61dd-7319-99da-5f08652c56ba" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherReceivablesNetCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019d8773-61dd-7ebc-b97d-b1c177d0de91" xlink:to="loc_us-gaap_OtherReceivablesNetCurrent_019d8773-61dd-7319-99da-5f08652c56ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_019d8773-61dd-7b4d-8691-41bc5bb33d4e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_019d8773-61dd-7b4d-8691-41bc5bb33d4e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_019d8773-61dd-7efb-85d2-085bef99d8a7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseRightOfUseAsset"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_019d8773-61dd-7efb-85d2-085bef99d8a7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019d8773-61dd-765d-93ce-6643de643747" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_Goodwill_019d8773-61dd-765d-93ce-6643de643747" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019d8773-61dd-7f98-bcb4-306a2e072e76" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019d8773-61dd-7f98-bcb4-306a2e072e76" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_019d8773-61dd-7f00-a233-6b2fa7e158bc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_019d8773-61dd-7f00-a233-6b2fa7e158bc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019d8773-61dd-7a7b-872c-9a536b449518" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019d8773-61dd-77c7-9a6c-479679fb380a" xlink:to="loc_us-gaap_AssetsCurrent_019d8773-61dd-7a7b-872c-9a536b449518" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7ae6-b70a-5571b07176dc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:to="loc_us-gaap_LiabilitiesCurrent_019d8773-61dd-7ae6-b70a-5571b07176dc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019d8773-61dd-7656-bf7f-ad25890f3cef" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_019d8773-61dd-7656-bf7f-ad25890f3cef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubordinatedLongTermDebt_019d8773-61dd-73d8-9956-fb1b301e1b36" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubordinatedLongTermDebt"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:to="loc_us-gaap_SubordinatedLongTermDebt_019d8773-61dd-73d8-9956-fb1b301e1b36" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019d8773-61dd-7e59-9419-363a99fa7df5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019d8773-61dd-7e59-9419-363a99fa7df5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_019d8773-61dd-7d2d-8d71-9d0aee524771" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherLiabilitiesNoncurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019d8773-61dd-75b0-bb91-d5d3dff659ee" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_019d8773-61dd-7d2d-8d71-9d0aee524771" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d8773-61dd-7b84-a6d3-d876fff44580" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019d8773-61dd-7224-9e69-afbd90cd2e21" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d8773-61dd-7b84-a6d3-d876fff44580" xlink:to="loc_us-gaap_Liabilities_019d8773-61dd-7224-9e69-afbd90cd2e21" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019d8773-61dd-7678-86f9-86436aff05cb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d8773-61dd-7b84-a6d3-d876fff44580" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019d8773-61dd-7678-86f9-86436aff05cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019d8773-61dd-7e0e-8a72-f5363859f4a7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d8773-61dd-7b84-a6d3-d876fff44580" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019d8773-61dd-7e0e-8a72-f5363859f4a7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019d8773-61dd-71a4-b0ff-ffabceddf87d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d8773-61dd-7b84-a6d3-d876fff44580" xlink:to="loc_us-gaap_StockholdersEquity_019d8773-61dd-71a4-b0ff-ffabceddf87d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONSunaudited" xlink:type="simple" xlink:href="balc-20260331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONSunaudited"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONSunaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019d8773-629c-791c-a78c-416692a6bf03" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019d8773-629c-7eaa-adf1-b7f0b59fedf6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019d8773-629c-791c-a78c-416692a6bf03" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019d8773-629c-7eaa-adf1-b7f0b59fedf6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019d8773-629c-75c0-9135-915884cefe70" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpenses"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019d8773-629c-791c-a78c-416692a6bf03" xlink:to="loc_us-gaap_CostsAndExpenses_019d8773-629c-75c0-9135-915884cefe70" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019d8773-629c-7bf6-b0ad-0cb9f3c2ec39" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d8773-629c-7b25-917b-c74778397461" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019d8773-629c-7bf6-b0ad-0cb9f3c2ec39" xlink:to="loc_us-gaap_ProfitLoss_019d8773-629c-7b25-917b-c74778397461" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019d8773-629c-7a74-9094-efeefd0d06ea" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019d8773-629c-7bf6-b0ad-0cb9f3c2ec39" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019d8773-629c-7a74-9094-efeefd0d06ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019d8773-629c-77b2-a123-2bff09372ce3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization_019d8773-629c-74ca-bc6d-d6b394478dd8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019d8773-629c-77b2-a123-2bff09372ce3" xlink:to="loc_us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization_019d8773-629c-74ca-bc6d-d6b394478dd8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019d8773-629c-73b6-ab32-c0a847570484" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019d8773-629c-77b2-a123-2bff09372ce3" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019d8773-629c-73b6-ab32-c0a847570484" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeeExpense_019d8773-629c-7e22-90e5-19412ff99dd1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeeExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019d8773-629c-77b2-a123-2bff09372ce3" xlink:to="loc_us-gaap_ManagementFeeExpense_019d8773-629c-7e22-90e5-19412ff99dd1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019d8773-629c-76cc-8d5a-183922cc4d45" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019d8773-629c-77b2-a123-2bff09372ce3" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019d8773-629c-76cc-8d5a-183922cc4d45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019d8773-629c-7069-9643-28165f29ca01" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019d8773-629c-748a-844e-0c26eb0293d6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019d8773-629c-7069-9643-28165f29ca01" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019d8773-629c-748a-844e-0c26eb0293d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019d8773-629c-7dc6-8638-dc8ead01e85e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019d8773-629c-71ec-a194-cd2ecb3234b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019d8773-629c-7dc6-8638-dc8ead01e85e" xlink:to="loc_us-gaap_OperatingIncomeLoss_019d8773-629c-71ec-a194-cd2ecb3234b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019d8773-629c-7c57-b089-65ccefcbfbc5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019d8773-629c-7dc6-8638-dc8ead01e85e" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019d8773-629c-7c57-b089-65ccefcbfbc5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d8773-629c-7bf3-bc8c-3afece573a2b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019d8773-629c-7333-84e0-c136ea3e4780" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019d8773-629c-7bf3-bc8c-3afece573a2b" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019d8773-629c-7333-84e0-c136ea3e4780" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019d8773-629c-7c8f-8973-6671ac89386b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019d8773-629c-7bf3-bc8c-3afece573a2b" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019d8773-629c-7c8f-8973-6671ac89386b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSunaudited" xlink:type="simple" xlink:href="balc-20260331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSunaudited"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWSunaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d8773-629c-7bc1-9c37-58b342ec9dbc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_ProfitLoss_019d8773-629c-7bc1-9c37-58b342ec9dbc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019d8773-629c-7e63-ac40-bdd1c51b49c8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019d8773-629c-7e63-ac40-bdd1c51b49c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAssetAmortizationExpense_019d8773-629c-7cf8-b21a-cbbd151498e0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseRightOfUseAssetAmortizationExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAssetAmortizationExpense_019d8773-629c-7cf8-b21a-cbbd151498e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_019e2840-e5b4-76bd-9c8a-32169e211d7d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_019e2840-e5b4-76bd-9c8a-32169e211d7d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019d8773-629c-79fd-a635-825153116445" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019d8773-629c-79fd-a635-825153116445" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_019d8773-629c-7cc9-933d-2247b3eb3773" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_019d8773-629c-7cc9-933d-2247b3eb3773" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019d8773-629c-742c-ac4f-1aad28f3edc6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019d8773-629c-742c-ac4f-1aad28f3edc6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019d8773-629c-798c-ac27-e824f2de37c8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019d8773-629c-798c-ac27-e824f2de37c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_019d8773-629c-73e2-bdcb-8c18aedbeabc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOperatingLeaseLiability"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingLeaseLiability_019d8773-629c-73e2-bdcb-8c18aedbeabc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities_019d8773-629c-7655-8472-3ba8ccbb8a8e" xlink:href="balc-20260331.xsd#balc_IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_balc_IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities_019d8773-629c-7655-8472-3ba8ccbb8a8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_019d8773-629c-74fc-b46d-d540ce05e3f2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_019d8773-629c-74fc-b46d-d540ce05e3f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_019e03e1-74bd-71d5-8819-eec68effca98" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-75cc-9c83-fc0410938677" xlink:to="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_019e03e1-74bd-71d5-8819-eec68effca98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromContributionsFromParent_019d8773-629c-7de1-aa01-130b7b296f5c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromContributionsFromParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:to="loc_us-gaap_ProceedsFromContributionsFromParent_019d8773-629c-7de1-aa01-130b7b296f5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfRelatedPartyDebt_019d8773-629c-7015-9a8d-c1face049514" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RepaymentsOfRelatedPartyDebt"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:to="loc_us-gaap_RepaymentsOfRelatedPartyDebt_019d8773-629c-7015-9a8d-c1face049514" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfPrivatePlacement_019d8773-629c-7eea-b1d3-a8214aa72ac7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromIssuanceOfPrivatePlacement"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfPrivatePlacement_019d8773-629c-7eea-b1d3-a8214aa72ac7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfStockIssuanceCosts_019d8773-629c-7f98-94a4-af03972a2b4d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfStockIssuanceCosts"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:to="loc_us-gaap_PaymentsOfStockIssuanceCosts_019d8773-629c-7f98-94a4-af03972a2b4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_ProceedsFromIssuanceOfInitialPublicOfferingAndPrivatePlacement_019d8773-629c-7438-aedf-d7b2e3dea695" xlink:href="balc-20260331.xsd#balc_ProceedsFromIssuanceOfInitialPublicOfferingAndPrivatePlacement"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-713d-b93c-ac63aecd4fe2" xlink:to="loc_balc_ProceedsFromIssuanceOfInitialPublicOfferingAndPrivatePlacement_019d8773-629c-7438-aedf-d7b2e3dea695" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019d8773-629c-717c-8ada-cc8a76377f69" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-769a-b537-6c99375a1d52" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019d8773-629c-717c-8ada-cc8a76377f69" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d8773-629c-769a-b537-6c99375a1d52" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d8773-629c-72fe-b26c-02a0f5b2f013" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019d8773-629c-717c-8ada-cc8a76377f69" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d8773-629c-72fe-b26c-02a0f5b2f013" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-7397-8654-9b1d2a3350fb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019d8773-629c-717c-8ada-cc8a76377f69" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d8773-629c-7397-8654-9b1d2a3350fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d8773-629c-719d-aa2b-789420f21ac0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019d8773-629c-718b-91b2-b0c8c6d80af4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d8773-629c-719d-aa2b-789420f21ac0" xlink:to="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019d8773-629c-718b-91b2-b0c8c6d80af4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESScheduleofAccountsReceivableDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESScheduleofAccountsReceivableDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESScheduleofAccountsReceivableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019d8773-629c-7d8e-b79d-d71df6e14e05" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableGrossCurrent_019d8773-629c-7c68-9e00-c9456dd99778" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsReceivableGrossCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccountsReceivableNetCurrent_019d8773-629c-7d8e-b79d-d71df6e14e05" xlink:to="loc_us-gaap_AccountsReceivableGrossCurrent_019d8773-629c-7c68-9e00-c9456dd99778" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_019d8773-629c-7b1c-bd58-f57c9437b777" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccountsReceivableNetCurrent_019d8773-629c-7d8e-b79d-d71df6e14e05" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_019d8773-629c-7b1c-bd58-f57c9437b777" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/PREPAIDEXPENSESANDOTHERCURRENTASSETSDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#PREPAIDEXPENSESANDOTHERCURRENTASSETSDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/PREPAIDEXPENSESANDOTHERCURRENTASSETSDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_PrepaidMarketingCurrent_019d8773-629c-7266-ab8c-515d8a488a0b" xlink:href="balc-20260331.xsd#balc_PrepaidMarketingCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:to="loc_balc_PrepaidMarketingCurrent_019d8773-629c-7266-ab8c-515d8a488a0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_PrepaidAnnualHostCommunityImpactFeesCurrent_019d8773-629c-76df-9891-7cb793e80a27" xlink:href="balc-20260331.xsd#balc_PrepaidAnnualHostCommunityImpactFeesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:to="loc_balc_PrepaidAnnualHostCommunityImpactFeesCurrent_019d8773-629c-76df-9891-7cb793e80a27" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsCurrent_019d8773-629c-782a-94e5-0f02c68d2e13" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IntangibleAssetsCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:to="loc_us-gaap_IntangibleAssetsCurrent_019d8773-629c-782a-94e5-0f02c68d2e13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherPrepaidExpenseCurrent_019d8773-629c-780a-9466-bd409787b0ba" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherPrepaidExpenseCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:to="loc_us-gaap_OtherPrepaidExpenseCurrent_019d8773-629c-780a-9466-bd409787b0ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidInsurance_019d8773-629c-7aa7-a91e-f30768c5d133" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PrepaidInsurance"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019d8773-629c-7b1e-9190-e1da59599150" xlink:to="loc_us-gaap_PrepaidInsurance_019d8773-629c-7aa7-a91e-f30768c5d133" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/PROPERTYANDEQUIPMENTScheduleofPropertyPlantandEquipmentDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#PROPERTYANDEQUIPMENTScheduleofPropertyPlantandEquipmentDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/PROPERTYANDEQUIPMENTScheduleofPropertyPlantandEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019d8773-629c-7717-9862-08b13be36826" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_019d8773-629c-7f9c-8d3a-5a67ae1f58ab" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019d8773-629c-7717-9862-08b13be36826" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_019d8773-629c-7f9c-8d3a-5a67ae1f58ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019d8773-629c-71aa-9a76-572859a5accf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019d8773-629c-7717-9862-08b13be36826" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019d8773-629c-71aa-9a76-572859a5accf" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/GOODWILLANDINTANGIBLEASSETSScheduleofIndefiniteLivedIntangibleAssetsDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#GOODWILLANDINTANGIBLEASSETSScheduleofIndefiniteLivedIntangibleAssetsDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/GOODWILLANDINTANGIBLEASSETSScheduleofIndefiniteLivedIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-7b74-a7d5-78b0d7489a7c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019d8773-629c-7b63-97dc-69c7408a6e7c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-7b74-a7d5-78b0d7489a7c" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019d8773-629c-7b63-97dc-69c7408a6e7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019d8773-629c-7b3b-ba6e-baef6abf5f1f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-7b74-a7d5-78b0d7489a7c" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019d8773-629c-7b3b-ba6e-baef6abf5f1f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/GOODWILLANDINTANGIBLEASSETSScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#GOODWILLANDINTANGIBLEASSETSScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/GOODWILLANDINTANGIBLEASSETSScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019d8773-629c-79b7-a17c-be7985d39ff8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019d8773-629c-79b7-a17c-be7985d39ff8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019d8773-629c-7c2e-a442-bc123a54b889" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019d8773-629c-7c2e-a442-bc123a54b889" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019d8773-629c-7d64-b658-95c9d506ee0b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019d8773-629c-7d64-b658-95c9d506ee0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019d8773-629c-7498-a897-98b8991ff9c3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019d8773-629c-7498-a897-98b8991ff9c3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019d8773-629c-7740-9401-e58e0c6a8cfe" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019d8773-629c-7740-9401-e58e0c6a8cfe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour_019d8773-629c-7804-921c-92dec9e28622" xlink:href="balc-20260331.xsd#balc_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8773-629c-70d2-af7f-6bf16a09bccd" xlink:to="loc_balc_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour_019d8773-629c-7804-921c-92dec9e28622" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/ACCRUEDANDOTHERCURRENTLIABILITIESDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#ACCRUEDANDOTHERCURRENTLIABILITIESDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/ACCRUEDANDOTHERCURRENTLIABILITIESDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccruedLiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionPayableCurrent_019d8773-629c-7055-a2f2-502498b4cb48" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ConstructionPayableCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:to="loc_us-gaap_ConstructionPayableCurrent_019d8773-629c-7055-a2f2-502498b4cb48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_019d8773-629c-7c34-8ab4-20aec1c1212b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:to="loc_us-gaap_EmployeeRelatedLiabilitiesCurrent_019d8773-629c-7c34-8ab4-20aec1c1212b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_019d8773-629c-76b1-b667-bee819078217" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:to="loc_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent_019d8773-629c-76b1-b667-bee819078217" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrent_019d8773-629c-77e5-a301-e78090df6231" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:to="loc_us-gaap_OtherAccruedLiabilitiesCurrent_019d8773-629c-77e5-a301-e78090df6231" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_AccruedGamingLiabilitiesCurrent_019d8773-629c-7daf-8285-7cd0a53f3208" xlink:href="balc-20260331.xsd#balc_AccruedGamingLiabilitiesCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrent_019d8773-629c-77d6-a464-7bb67a1a10a6" xlink:to="loc_balc_AccruedGamingLiabilitiesCurrent_019d8773-629c-7daf-8285-7cd0a53f3208" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/LEASESQuantitativeInformationofOperatingLeasesDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#LEASESQuantitativeInformationofOperatingLeasesDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/LEASESQuantitativeInformationofOperatingLeasesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseExpense_019d8773-629d-73eb-ae46-2a2fa5945dcc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_019d8773-629d-7ae6-b7c3-721a829990e5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeaseExpense_019d8773-629d-73eb-ae46-2a2fa5945dcc" xlink:to="loc_us-gaap_OperatingLeaseCost_019d8773-629d-7ae6-b7c3-721a829990e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_VariableLeaseCostNet_019d8773-629d-748e-8104-d5eddea5bd16" xlink:href="balc-20260331.xsd#balc_VariableLeaseCostNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeaseExpense_019d8773-629d-73eb-ae46-2a2fa5945dcc" xlink:to="loc_balc_VariableLeaseCostNet_019d8773-629d-748e-8104-d5eddea5bd16" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseCost_019d8773-629d-79bb-a753-32120cf44b0e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeaseCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseCost_019d8773-629d-7485-b0df-0845d6a42e69" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LeaseCost_019d8773-629d-79bb-a753-32120cf44b0e" xlink:to="loc_us-gaap_OperatingLeaseCost_019d8773-629d-7485-b0df-0845d6a42e69" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_balc_VariableLeaseCostNet_019d8773-629d-77cc-9011-7abfa0c6e9a4" xlink:href="balc-20260331.xsd#balc_VariableLeaseCostNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LeaseCost_019d8773-629d-79bb-a753-32120cf44b0e" xlink:to="loc_balc_VariableLeaseCostNet_019d8773-629d-77cc-9011-7abfa0c6e9a4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermLeaseCost_019d8773-629d-7acb-9bdc-4f50d9f1c786" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShortTermLeaseCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LeaseCost_019d8773-629d-79bb-a753-32120cf44b0e" xlink:to="loc_us-gaap_ShortTermLeaseCost_019d8773-629d-7acb-9bdc-4f50d9f1c786" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/LEASESFutureMinimumRentalCommitmentsDetails" xlink:type="simple" xlink:href="balc-20260331.xsd#LEASESFutureMinimumRentalCommitmentsDetails"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/LEASESFutureMinimumRentalCommitmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7594-92f8-18f3fb771c6d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_019d8773-629d-7a15-9cad-28c01f5c7d48" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7594-92f8-18f3fb771c6d" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_019d8773-629d-7a15-9cad-28c01f5c7d48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_019d8773-629d-7825-aa93-ac8f4cba649c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7594-92f8-18f3fb771c6d" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_019d8773-629d-7825-aa93-ac8f4cba649c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://casinos.ballys.com/role/LEASESFutureMinimumRentalCommitmentsDetails_1" xlink:type="simple" xlink:href="balc-20260331.xsd#LEASESFutureMinimumRentalCommitmentsDetails_1"/>
  <link:calculationLink xlink:role="http://casinos.ballys.com/role/LEASESFutureMinimumRentalCommitmentsDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7b7b-b7ee-74a6c62e314b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_019d8773-629d-7715-b428-87c7013c7296" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7b7b-b7ee-74a6c62e314b" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_019d8773-629d-7715-b428-87c7013c7296" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_019d8773-629d-7b21-8a71-529899548494" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019d8773-629d-7b7b-b7ee-74a6c62e314b" xlink:to="loc_us-gaap_OperatingLeaseLiability_019d8773-629d-7b21-8a71-529899548494" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
