Bally’s Corp. has recently released its latest 10-Q report. The company describes itself as a gaming, hospitality, entertainment and technology business with 20 casinos globally, including 19 land-based properties in the U.S. and one in the UK, plus a golf course in New York and horse racetracks in Colorado and Wyoming. It also operates Bally Bet Sportsbook & Casino, holds a majority interest in Bally’s Intralot, and has development rights or projects in Las Vegas, The Bronx and Chicago.
In Item 2, Bally’s says its quarterly report includes forward-looking statements that are not guarantees and may change materially because of factors such as construction costs and delays at Bally’s Chicago and Bally’s New York, integration issues tied to acquisitions, rapid growth pressures, digital gaming competition, regulatory burdens, inflation, interest rates, supply-chain disruptions and debt restrictions. The company says its key operating measures are consolidated Adjusted EBITDA and segment Adjusted EBITDAR, which it uses to evaluate performance, compensation and debt service capacity. Bally’s also says its business is organized into four reportable segments: Casinos & Resorts, Bally’s Intralot B2B, Bally’s Intralot B2C and North America Interactive.
For the second quarter, Bally’s reported revenue of $792.2 million, up from $657.5 million a year earlier. The company posted an operating loss of $34.0 million, compared with a loss of $2.4 million in the prior-year quarter, and a net loss of $164.0 million versus $228.4 million. For the first six months of 2026, revenue was $1.548 billion, operating income was $57.6 million and net loss was $324.8 million.
Gaming revenue in the quarter totaled $608.0 million, including $311.4 million from Casinos & Resorts, $242.9 million from Bally’s Intralot B2C and $53.8 million from North America Interactive. Non-gaming revenue was $184.2 million, led by $89.6 million from Casinos & Resorts and $79.5 million from Bally’s Intralot B2B. On the expense side, gaming costs were $316.3 million, non-gaming costs were $84.1 million and general and administrative expense was $334.2 million, including $190.2 million at Casinos & Resorts and $44.1 million at Bally’s Intralot B2B.
Bally’s said it updated its segment reporting in the fourth quarter of 2025 after the Intralot transaction, and prior-period results were conformed to the new structure. Under that framework, Casinos & Resorts includes 19 land-based casino properties, two horse racetracks and one golf course in the U.S., while Bally’s Intralot B2C includes the company’s European interactive operations, Bally’s Intralot’s B2C lottery operations and Bally’s Newcastle in the UK. North America Interactive covers the company’s online iGaming and sportsbook business. As a result of these announcements, the company's shares have moved 3.71% on the market, and are now trading at a price of $13.99. If you want to know more, read the company's complete 10-Q report here.
