Bally's Q1 revenue rises but slightly misses estimates

Bally's

18/05/2026 21:26

Overview

Global gaming operator's Q1 2026 revenue grew 28%, slightly missing analyst expectations

Company benefited from Queen Casino transaction and organic growth in Casinos & Resorts segment

Company completed $1.1 bln credit facility and Lincoln Casino Resort sale-leaseback, repaying $1.47 bln term loan

Outlook

Company says economic conditions in its operating areas remain stable

Bally's expects to continue progress on major projects in Chicago, New York, and Las Vegas

Company remains confident in its plan to mitigate higher UK gaming taxes

Result Drivers

QUEEN CASINO TRANSACTION - Casinos & Resorts revenue rose, driven by the Queen Casino & Entertainment acquisition in Feb 2025

UK AND INTRALOT B2C GROWTH - Bally’s Intralot B2C revenue grew, supported by strong UK performance and the addition of Intralot’s B2C business

WAGERING REVENUE - North America Interactive revenue increased, reflecting wagering revenue growth across all verticals

Company press release: ID:nBw5Mz9kya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$755.70 mln
$759.19 mln (4 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy."

Wall Street's median 12-month price target for Bally's Corp is $12.50, about 7.4% above its May 15 closing price of $11.64

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)