Bally’s Corp recently released its latest Form 10-Q. As of June 30, 2026, the company said it owned and operated 20 casinos globally, including properties in the UK and 11 U.S. states, plus a golf course in New York and horse racetracks in Colorado and Wyoming. It also owns Bally Bet Sportsbook & Casino, licensed in 16 North American jurisdictions, and a majority stake in Bally’s Intralot S.A., which spans lottery and interactive gaming operations.
In Item 2, Bally’s said its business is organized into four reportable segments: Casinos & Resorts, Bally’s Intralot B2B, Bally’s Intralot B2C, and North America Interactive. The company said it is pursuing growth through casino expansion, interactive gaming, and lottery agreements, while also advancing projects in Chicago, The Bronx, and on the former Tropicana site in Las Vegas. Bally’s also said it continues integrating acquired assets and allocating capital toward strategic growth projects.
Bally’s flagged several specific risks in its management discussion, including unexpected costs tied to its Chicago and Bronx construction projects, integration issues from completed acquisitions, rapid growth pressures on retention and controls, and the effects of gaming digitalization on its casino business. It also pointed to regulatory restrictions, inflation, higher interest rates, supply-chain disruptions, and debt-related limitations on liquidity. The company said these factors could materially affect results.
For the quarter ended June 30, 2026, Bally’s reported total revenue of $792.2 million, up from $657.5 million a year earlier. It 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, narrower than the $228.4 million loss a year earlier. 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.
By segment, Casinos & Resorts generated $311.4 million of gaming revenue in the second quarter and $89.6 million of non-gaming revenue. Bally’s Intralot B2C brought in $242.9 million of gaming revenue and $625,000 of non-gaming revenue, while North America Interactive produced $53.8 million of gaming revenue and $12.3 million of non-gaming revenue. Bally’s Intralot B2B contributed $79.5 million of non-gaming revenue in the quarter.
Operating costs also rose. Total gaming expenses were $316.3 million in the quarter, up from $242.0 million a year earlier, while total non-gaming expenses were $84.1 million, up from $48.0 million. General and administrative expense totaled $335.0 million in the quarter, including $190.2 million in Casinos & Resorts, $44.1 million in Bally’s Intralot B2B, $87.1 million in Bally’s Intralot B2C, and $13.6 million in North America Interactive. Following these announcements, the company's shares moved 3.71%, 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.
