Bally's Corporation Reports 20% Revenue Growth to $792.2 Million in Q2 2026

Bally's Corporation reported a total revenue of $792.2 million for the second quarter of 2026, marking a 20% increase from $657.5 million in the same period of the previous year. The company's gaming revenue rose to $608.0 million, up from $557.6 million, while non-gaming revenue also saw significant growth, increasing from $99.9 million to $184.2 million. For the first half of 2026, total revenue reached $1.55 billion, a 24% increase compared to the combined revenue of $1.03 billion from the Predecessor and Successor periods in 2025. Despite the revenue growth, Bally's reported a net loss of $146.1 million for the quarter, an improvement from a net loss of $228.4 million in the prior year.

The financial performance reflects a strategic shift following the acquisition of Bally's Intralot, which contributed $92.8 million and $188.1 million to the Successor's revenue for the three and six months ended June 30, 2026, respectively. The company also completed a significant sale-leaseback transaction involving Bally's Twin River, generating $685 million in proceeds, which were primarily used to reduce debt. However, operating costs increased, with total operating expenses rising to $826.3 million for the quarter, up from $660.0 million a year earlier, driven by higher gaming and non-gaming expenses.

Bally's operational metrics indicate a growing customer base, with the company now operating 20 casinos globally, including properties in the UK and 11 states across the US. The company has also expanded its interactive gaming offerings, with Bally Bet Sportsbook & Casino licensed in 16 jurisdictions. As of June 30, 2026, Bally's had a total employee headcount of approximately 60,588, reflecting its ongoing expansion efforts. The company is actively pursuing new gaming licenses and has committed to significant capital expenditures for its projects in Chicago and New York.

Looking ahead, Bally's management has expressed concerns regarding liquidity and compliance with debt covenants, particularly following a conditional waiver of the consolidated net leverage ratio covenant for the Revolving Credit Facility. The company is exploring various financing alternatives, including asset monetization and potential equity sales, to enhance liquidity. Despite these challenges, Bally's remains focused on its growth strategy, emphasizing the importance of its interactive gaming segment and ongoing capital investments to drive future revenue growth.