TLDR Bally’s reported Q1 2026 net revenue of $755.72 million, up 28.3% year-over-year, powered by the Intralot acquisition and digital expansion in the UK and Spain. The company posted a net loss of $161.91 million, more than triple the prior year’s loss, largely due to a $63.4 million debt extinguishment charge and $145.8 million in non-operating hits. Bally’s opened a new $1.1 billion credit facility and completed a $700 million sale-leaseback to push major debt maturities from 2028 to 2031. The $1.7 billion Chicago casino hit a construction milestone with its steel topping out, and Bally’s secured a gaming license for its $4.0 billion Bronx project in New York. Intralot B2C revenue jumped 31% year-over-year to $239.9 million, though the legacy Intralot operation is still running at a net loss of $31.7 million.
Bally’s posted first quarter 2026 results that showed strong revenue growth alongside a widening net loss. The company reported net revenue of $755.72 million, a 28.3% increase compared to the $611.07 million it brought in during Q1 2025.
The revenue gains were driven largely by the Intralot acquisition, which Bally’s completed about seven months ago. Bally’s holds a 58% controlling interest in Intralot, which added global lottery networks and B2B technology channels to its business.
Intralot Powers Top-Line Growth While Bottom Line Struggles
Intralot’s B2C revenue climbed 31% year-over-year to $239.9 million. Strong player volumes in the UK outpaced local competitors. Online casino operations in the UK and Spain have become the company’s highest-volume digital hubs.
Top brands driving growth include Jackpotjoy in the UK and Botemania in Spain. These digital casinos are at the center of the revenue surge.
However, the legacy Intralot framework is operating at a net loss of $31.7 million. Bally’s also reported a $7.5 million negative adjustment when converting