Bally's Corp

Bally's Corp, through its majority-owned subsidiary Bally's Intralot S.A., has agreed to acquire Evoke PLC in a recommended all-share acquisition valued at approximately £243.1 million. Evoke shareholders will have the option to receive new Bally's Intralot shares or cash, with a cash alternative capped at £117.1 million. The transaction is financed through various debt facilities, including a €200 million bridge facility and a £889 million second lien term facility, alongside a £157 million senior facility. The acquisition is anticipated to close between the fourth quarter of 2026 and the first quarter of 2027, subject to shareholder and regulatory approvals.

Bally's Corporation reported a total revenue of $755.7 million for the three months ended March 31, 2026, a significant increase from $368.7 million in the prior year's comparable successor period. However, the company recorded a net loss attributable to Bally's Corporation of $161.9 million, a notable decline from the net income of $34.5 million in Q1 2025. This resulted in a basic loss per share of $2.69. Key financial activities included $685.0 million in proceeds from a sale-leaseback and a $500.0 million acquisition of gaming licenses.

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.

Bally's Corporation filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company confirmed its status as an accelerated filer and a smaller reporting company. It also reported that the aggregate market value of its voting common stock held by non-affiliates was approximately $68.9 million as of June 30, 2025. The filing indicates compliance with SEC reporting requirements and the effectiveness of internal controls over financial reporting.