Published on: May 20, 2026, 06:53h.

Updated on: May 20, 2026, 06:53h.

• Bally’s Q1 revenue surged by 28.3% driven by Intralot integration enhancements
• Bally’s finances face pressure from mounting debt and financing expenses
• Bally’s continues Evoke acquisition negotiations as part of global growth strategy

Bally’s Corp. (NYSE: BALY) has announced a notable rise in first-quarter revenue, fueled by its expanding global presence and the integration of Intralot’s lottery and online gaming platforms. Despite this growth, the company faced significant losses due to high financing costs and debt-related expenses.

The gaming company from Rhode Island recorded first-quarter 2026 revenue of $755.7 million, marking a 28.3% increase from the previous year, thanks to its casino properties, online gaming growth, and expanded Bally’s Intralot operations.

The land-based Casinos & Resorts segment generated $379.7 million in revenue during this period, bolstered by earnings from acquisitions like Queen and Intralot.

Bally’s online segments thrived as North America Interactive revenue saw a 35.9% increase, totaling $60.5 million.

Intralot Integration 

The acquisition of Intralot, finalized in late 2025, has significantly enhanced Bally’s presence in the lottery and B2B gaming technology sectors. Bally’s Intralot B2C revenue surged to $239.9 million, reflecting the integration of Intralot’s consumer-focused lottery operations and stable online gaming demands in Europe.

Additionally, Bally’s is making strides on its $4 billion Chicago casino resort project, which stands as one of its major long-term investments. This permanent establishment is expected to launch in 2027, positioning Bally’s as the sole casino operator within Chicago’s city limits.

In spite of this growth, Bally’s reported a net loss of $161.9 million for the quarter, compared to a smaller loss in the same period of the previous year.

This downturn was primarily attributed to financing and restructuring expenses, including a $63.4 million loss from debt extinguishment and a $104.3 million fair-value loss related to financial instruments, underscoring the complexities of Bally’s capital structure as it pursues an aggressive expansion plan.

The company noted stable regional gaming demand across the United States, ongoing growth in its European digital ventures, and improvements in the efficiency of its North American online operations.

“We have achieved robust first-quarter results across our enterprise and are making headway in expanding and diversifying our global reach, realizing operational synergies, and bolstering our financial standing,” stated Bally’s CEO Robeson Reeves.

“We believe that the economic climate in our operational regions remains steady, and we are confident in our ability to utilize our operational expertise and capital resources to advance our highly anticipated growth initiatives.”

Extended Negotiations with Evoke

Recently, Bally’s Intralot has decided to prolong its discussions for a takeover with UK-listed betting group Evoke, which owns William Hill and 888, until June 8. This potential deal, valued at approximately £225 million, could further widen Bally’s international online gaming reach and enhance its foothold in regulated sports betting markets across the UK and Europe.

Fitch, a ratings agency, recently noted Bally’s elevated leverage levels and execution challenges tied to its Chicago development and acquisition strategies, despite the company’s ongoing growth in EBITDA and diversification of revenue streams.