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

*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

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