BALLY’S CORPORATION (BALY) Q1 2026 Financial Results Summary
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Bally’s Corporation (BALY) Q1 2026 Financial Results Summary
Release Date: May 18, 2026.
Bally’s Corporation (NYSE: BALY) has released its financial results for the first quarter ended March 31, 2026. Below is a summary of the key financial metrics and highlights from the report:
Financial Highlights
- Consolidated Revenue:
- $755.7 million, an increase of 28.3% compared to $368.7 million in Q1 2025.
- Casinos & Resorts Revenue:
- $379.7 million, up 8.1% year-over-year, benefitting from the acquisition of The Queen properties and organic growth.
- Bally's Intralot B2C Revenue:
- $239.9 million, up 31.0% year-over-year, driven by strong performance in the UK and the integration of Intralot's B2C business.
- North America Interactive Revenue:
- $60.5 million, an increase of 35.9% year-over-year.
- Adjusted EBITDAR:
- Total Adjusted EBITDAR was not explicitly stated but segment-wise shows:
- Casinos & Resorts: $96.2 million, up 1.2% year-over-year.
- North America Interactive: -$7.1 million, an improvement compared to -$8.0 million the year prior.
- Total Adjusted EBITDAR was not explicitly stated but segment-wise shows:
Segment Performance
- Casinos & Resorts:
- Revenue from Casinos & Resorts was $379.7 million.
- Growth attributed to new acquisitions and strong local performance in properties such as Bally’s Baton Rouge and Marquette.
- Bally’s Intralot B2B:
- The segment was newly formed through acquisitions.
- Revenue stood at $73.96 million, comparable to historical measures but reflective of a new operational framework.
- Bally’s Intralot B2C:
- Continued strong performance in the UK with online revenue increasing by 10.5% year-over-year in constant currency.
- North America Interactive:
- Revenue rose due to improved growth across all gaming verticals.
Balance Sheet and Liquidity
- New Credit Facility:
- Bally’s entered into a new $1.1 billion credit facility set to mature in 2031, aimed at enhancing liquidity.
- Debt repayment:
- Proceeds from various transactions, including the sale-leaseback of its Lincoln Casino Resort, were used to repay a previously outstanding term loan of $1.47 billion due 2028.
Investment and Growth Initiatives
Bally’s is progressing with significant projects including:
- Bally’s Chicago:
- The only casino in Chicago, set to feature 3,400 slots and various entertainment venues.
- Bally’s Bronx:
- A $4.0 billion project, the largest private development in the Bronx, expected to open by 2030.
- Bally’s Las Vegas:
- Development on the former Tropicana site is underway, planned to include various entertainment and gaming facilities.
Shareholder Returns
- Dividends:
- The report does not specify any declared quarterly dividend.
- Share Repurchase:
- No information on share repurchase activities was provided in the report.
Conclusion
Bally’s Corporation reported strong financial results in Q1 2026, with significant increases in revenue across various segments. The company continues to progress with ambitious development projects while managing its financial structure effectively through strategic debt repayments and new credit arrangements. Investors are encouraged to stay informed as Bally’s executes on its growth trajectory amid a stable economic backdrop in its operating regions.
Note: The following tables contain amounts in thousands.
2025 CONDENSED COMBINED INCOME STATEMENT INFORMATION
| Bally’s | Successor Period | Predecessor Period | Queen Period | Combined | |
|---|---|---|---|---|---|
| Revenue: | Casinos & Resorts | $226,851 | $124,299 | $19,838 | $370,988 |
| Bally’s Intralot B2B | $4,883 | $3,720 | - | $8,603 | |
| Bally’s Intralot B2C | $107,867 | $75,265 | - | $183,132 | |
| North America Interactive | $27,557 | $16,941 | $2,038 | $46,536 | |
| Corporate & Other | $1,536 | $273 | - | $1,809 | |
| Total | $368,694 | $220,498 | $21,876 | $611,068 | |
| Adjusted EBITDAR | Casinos & Resorts | $71,540 | $23,554 | $5,475 | $100,569 |
| Bally’s Intralot B2B | $4,883 | $3,720 | - | $8,603 | |
| Bally’s Intralot B2C | $43,312 | $25,220 | - | $68,532 | |
| North America Interactive | -$2,345 | -$5,661 | $1,419 | -$6,587 | |
| Corporate & Other | -$9,703 | -$6,774 | -$1,311 | -$17,788 |
BALANCE SHEET DATA
| March 31, 2026 (Successor) | December 31, 2025 (Successor) | |
|---|---|---|
| 2026 Term Loans | 1,100,000 | - |
| Term Loan Facility(1) | - | 1,472,594 |
| Intralot British Term Loan | 527,472 | 538,720 |
| Intralot Greek Term Loan | 229,305 | 234,962 |
| Revolving Credit Facility | 303,750 | - |
| Intralot 6.00% Greek Retail Bond due 2029 | 149,048 | 152,726 |
| 5.625% Senior Notes due 2029 | 750,000 | 750,000 |
| 5.875% Senior Notes due 2031 | 735,000 | 735,000 |
| Intralot 6.75% Senior Secured Notes due 2031 | 687,916 | 704,886 |
| Intralot Floating Rate Senior Notes due 2031(2) | 343,958 | 352,443 |
| Intralot Supplemental Indenture | 2,377 | 2,436 |
| Less: Unamortized original issue discount | -53,976 | - |
| Less: Unamortized fair value adjustment(3) | -367,749 | -443,110 |
| Long-term debt, including current portion | 4,407,101 | 4,500,657 |
| Less: Current portion of Term Loan, and Intralot Greek Term Loan | -17,198 | -37,344 |
| Long-term debt, net of discount and deferred financing fees; excluding current portion | 4,389,903 | 4,463,313 |
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