Quarterly ResultMay 18, 2026, 04:32 PM
Bally's Q1 Revenue +28.3% to $755.7M; Repays $1.47B Debt
AI Summary
Bally's Corporation reported strong first-quarter 2026 financial results, with consolidated revenue increasing 28.3% year-over-year to $755.7 million. The company made significant progress on strategic growth projects, including Bally's Chicago and Bally's Bronx, which received its gaming license and involves a $4.0 billion investment. Bally's also strengthened its balance sheet by entering a new $1.1 billion credit facility and repaying its $1.47 billion term loan due 2028 using proceeds from the Intralot transaction and a sale-leaseback of its Lincoln Casino Resort.
Key Highlights
- Consolidated revenue increased 28.3% year-over-year to $755.7 million.
- Repaid $1.47 billion term loan due 2028 using new credit facility and asset sale proceeds.
- Secured Gaming Facility License for Bally’s Bronx, a $4.0 billion integrated resort project.
- Paid $500 million New York license fee for Bronx project and acquired 16 acres of parkland.
- Casinos & Resorts revenue rose 8.1% to $379.7 million, benefiting from Queen transaction.
- Bally's Intralot B2C revenue grew 31.0% to $239.9 million, with UK online revenue up 10.5%.
- North America Interactive revenue increased 35.9% to $60.5 million.
- Long-term debt, including current portion, decreased to $4.41 billion from $4.50 billion.
Price Impact
More from BALY