Bally's Q2 Revenue Up 20.5% to $792M, Segment Profitability Improves
BALY sits 46% above its 52-week low of $8.79.
Summary
Bally's reported Q2 2026 revenue of $792.2M, up 20.5% year-over-year, with strong growth in its interactive segments and stable casino performance. The company also highlighted progress on its development pipeline and effective cost management against the UK gaming tax headwind.
Key Events · Earnings and Guidance · BALY
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Q2 Revenue Beats Consensus
Consolidated revenue of $792.2M increased 20.5% year-over-year, slightly above the $788.5M consensus, driven by 22.3% growth in Bally's Intralot B2C and 16.9% growth in North America Interactive.
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Segment Profitability Improves
North America Interactive Segment Adjusted EBITDAR turned positive at $3.0M, a $0.5M improvement over prior year, while Casinos & Resorts EBITDAR grew 3.4% to $109.6M.
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UK Gaming Tax Impact Mitigated
The UK gaming tax increase from 21% to 40% had a gross negative impact of approximately $39M on B2C segment EBITDAR, but the company offset close to 65% through top-line growth and cost control.
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Development Pipeline Progress
Bally's Chicago permanent casino targets opening in early 2027, the $4.0B Bronx integrated casino project is expected to open by 2030, and the Las Vegas Athletics stadium is slated for completion before the 2028 season.
Analysis · BALY · Real Estate & Construction
Bally's delivered solid Q2 results with 20.5% revenue growth, driven by strong performance in its Bally's Intralot B2C and North America Interactive segments. The company also provided updates on major development projects including the Chicago casino and Bronx integrated resort, while managing the impact of the UK gaming tax increase. The detailed financials show improving segment profitability, particularly in North America Interactive which turned positive at the segment level.
At the time of this filing, BALY was trading at $12.85 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $684.8M. The 52-week trading range was $8.79 to $20.74. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.