Bally's preliminary Q3 2026 revenue reaches $808M
Bally's expects to file an extension under Rule 12b-25 and file its Form 10-Q within that extension period.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Bally's Corporation reported preliminary third-quarter 2026 consolidated revenue of $807.6 million, up 21.7% year over year. Casinos & Resorts revenue was $408.6 million, up 3.2%; Bally’s Intralot B2C revenue was $257.5 million, up 22.8%; and North America Interactive revenue was $62.7 million, up 25.6%. Casinos & Resorts Segment Adjusted EBITDAR was $107.752 million, compared with $107.920 million a year earlier.
Bally’s Intralot B2C Segment Adjusted EBITDAR was $76.995 million, versus $86.381 million in third-quarter 2025. On October 1, 2026, Bally’s closed the previously announced financing for its Bronx project, receiving $400 million, with an additional $160 million available for future draws. The results are preliminary: the company had not finalized its quarter-end close, and adjustments may be required.
1 point · 0 major0 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointConsolidated revenue rose 21.7% to $807.6 million year over year.
Negative
- Moderate pointB2C Segment Adjusted EBITDAR fell to $76.995 million from $86.381 million.
Filing Explained
Bally’s expects to file an extension under Rule 12b-25 and its Form 10-Q within that extension period, leaving the third-quarter results preliminary until the quarterly report is filed.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Consolidated revenue: $807.6 million
Casinos & Resorts revenue: $408.6 million
Bally’s Intralot B2C revenue: $257.5 million
+4 more
7 metrics
Consolidated revenue
$807.6 million
Third quarter ended September 30, 2026; up 21.7% year over year
Casinos & Resorts revenue
$408.6 million
Third quarter ended September 30, 2026; up 3.2% year over year
Bally’s Intralot B2C revenue
$257.5 million
Third quarter ended September 30, 2026; up 22.8% year over year
North America Interactive revenue
$62.7 million
Third quarter ended September 30, 2026; up 25.6% year over year
Bally’s Intralot B2C Segment Adjusted EBITDAR
$76.995 million
Third quarter ended September 30, 2026, compared with $86.381 million in the three months ended September 30, 2025
Bronx project financing received
$400 million
Closed October 1, 2026
Additional financing available for future draws
$160 million
Bronx project financing
Key Terms
Segment Adjusted EBITDAR, triple net operating leases, non-GAAP financial measures, Rule 12b-25
4 terms
Segment Adjusted EBITDAR financial
"Segment Adjusted EBITDAR is earnings, or loss, for Bally’s reportable segments"
A segment adjusted EBITDAR is a profitability measure for a particular business unit that starts with operating profit and then adds back interest, taxes, depreciation, amortization and rent, plus one-time or non-recurring items specific to that segment. It isolates the segment’s underlying cash-generating performance by removing financing, accounting and unusual effects, helping investors compare and value different parts of a company — like judging store performance by sales and running costs while ignoring differing lease or loan arrangements.
triple net operating leases financial
"rent expense associated with triple net operating leases"
A triple net operating lease is a long-term rental agreement for real estate in which the tenant pays not only rent but also the property taxes, insurance and routine upkeep. Think of it like renting a house where the tenant also covers the bills and yard work; the owner gets steadier cash with fewer day-to-day costs but bears risks tied to tenant credit and long-term property value. Investors care because these leases create predictable income streams and shift many operating costs away from the property owner.
non-GAAP financial measures financial
"the non-GAAP financial measures for Segment Adjusted EBITDAR"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Rule 12b-25 regulatory
"expects to file an extension under Rule 12b-25"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
Earnings Snapshot
Consolidated revenue: $807.6 million
Third quarter ended September 30, 2026 (preliminary)
Consolidated revenue
$807.6 million
Up 21.7% year over year
Casinos & Resorts revenue
$408.6 million
Up 3.2% year over year
Bally’s Intralot B2C revenue
$257.5 million
Up 22.8% year over year
North America Interactive revenue
$62.7 million
Up 25.6% year over year
Casinos & Resorts Segment Adjusted EBITDAR
$107.752 million
Compared with $107.920 million in the three months ended September 30, 2025
Bally’s Intralot B2C Segment Adjusted EBITDAR
$76.995 million
Down from $86.381 million in the three months ended September 30, 2025
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did BALY report for the third quarter of 2026?
BALY's preliminary third-quarter 2026 consolidated revenue was $807.6 million, up 21.7% year over year. Casinos & Resorts revenue was $408.6 million, Bally’s Intralot B2C revenue was $257.5 million, and North America Interactive revenue was $62.7 million.
How much did Bally's receive for its Bronx project financing?
Bally's received $400 million when it closed the previously announced Bronx project financing on October 1, 2026; an additional $160 million is available for future draws.
When does BALY expect to file its third-quarter 2026 Form 10-Q?
Bally's expects to file an extension under Rule 12b-25 and expects to file its Quarterly Report on Form 10-Q within the extension period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 9, 2026
________________________
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of Principal Executive Offices and Zip Code) | ||||||||
________________________
(401 ) 475-8474
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 9, 2026, Bally's Corporation published a press release to report its preliminary financial results for the third quarter ended September 30, 2026. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and will not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press Release of Bally's Corporation dated November 9, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BALLY'S CORPORATION | ||||||||
| By: | /s/ Kim M. Barker | |||||||
| Name: | Kim M. Barker | |||||||
| Title: | Chief Legal Officer | |||||||
Date: November 9, 2026
Exhibit 99.1
BALLY’S CORPORATION REPORTS PRELIMINARY THIRD QUARTER 2026 RESULTS WITH CONSOLIDATED REVENUE RISING 21.7% to $807.6 MILLION
PROVIDENCE, R.I., - November 9, 2026 - Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) today announced preliminary financial results for the three and nine months ended September 30, 2026. The Company currently expects to file an extension under Rule 12b-25 of the Securities Exchange Act of 1934, as amended, and expects to file its Quarterly Report on Form 10-Q within the extension period.
Preliminary Third Quarter 2026 and Recent Highlights
•Consolidated revenue of $807.6 million increased 21.7% year-over-year
•Casinos & Resorts revenue of $408.6 million, up 3.2% year-over-year benefitting from landside move of Bally’s Baton Rouge and Bally’s Marquette and the inclusion of Sam’s Town Shreveport, which was acquired during the third quarter, as well as strong growth at Bally’s Chicago temporary facility
•Bally's Intralot B2C revenue of $257.5 million, up 22.8% year-over-year driven by strong revenue growth in the UK, as well as the addition of Intralot's B2C business
•North America Interactive revenue of $62.7 million, up 25.6% year-over-year, reflecting healthy wagering revenue growth across all verticals
•On October 1, 2026, closed on previously announced financing of Bally’s Bronx project, receiving $400 million with additional $160 million available for future draws
Robeson Reeves, Bally’s Chief Executive Officer, commented, “We delivered another solid quarter, with consolidated revenue up 21.7% year over year and strong Adjusted EBITDAR results across our segments. Revenue growth was led by Bally’s Intralot B2C, which rose over 22%, and North America Interactive, which increased over 25%, while Casinos & Resorts revenue rose low single digits reflecting strong regional gaming performance. Our development projects remain on track, our execution is improving results across every segment, and market conditions remain stable as we head into the fourth quarter and 2027."
Summary of Preliminary Financial Results
| Successor | Predecessor | |||||||||||||||||||||||||||||||
| (in thousands) | Three Months Ended September 30, 2026 | Three Months Ended September 30, 2025 | Nine Months Ended September 30, 2026 | Period from February 8, 2025 to September 30, 2025 | Period from January 1, 2025 to February 7, 2025 | |||||||||||||||||||||||||||
| Preliminary | Actual | Preliminary | Actual | Actual | ||||||||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||||||||
| Casinos & Resorts | $ | 408,563 | $ | 396,060 | $ | 1,189,308 | $ | 1,016,244 | $ | 124,299 | ||||||||||||||||||||||
| Bally’s Intralot B2B | 76,581 | 5,480 | 230,025 | 17,409 | 3,720 | |||||||||||||||||||||||||||
| Bally’s Intralot B2C | 257,451 | 209,605 | 740,870 | 516,492 | 75,265 | |||||||||||||||||||||||||||
| North America Interactive | 62,658 | 49,906 | 189,178 | 133,965 | 16,941 | |||||||||||||||||||||||||||
| Corporate & Other | 2,305 | 2,665 | 6,133 | 5,834 | 273 | |||||||||||||||||||||||||||
| Total | $ | 807,558 | $ | 663,716 | $ | 2,355,514 | $ | 1,689,944 | $ | 220,498 | ||||||||||||||||||||||
Adjusted EBITDAR(1) | ||||||||||||||||||||||||||||||||
| Casinos & Resorts | $ | 107,752 | $ | 107,920 | $ | 313,559 | $ | 285,427 | $ | 23,554 | ||||||||||||||||||||||
| Bally’s Intralot B2B | 12,194 | 5,480 | 49,241 | 17,409 | 3,720 | |||||||||||||||||||||||||||
| Bally’s Intralot B2C | 76,995 | 86,381 | 228,826 | 204,852 | 25,220 | |||||||||||||||||||||||||||
| North America Interactive | (3,177) | (5,990) | (7,320) | (5,851) | (5,661) | |||||||||||||||||||||||||||
| Corporate & Other | (14,133) | (17,953) | (38,229) | (45,162) | (6,774) | |||||||||||||||||||||||||||
(1) Segment Adjusted EBITDAR is Bally’s reportable segment GAAP measure and its primary measure for profit or loss for its reportable segments.
Although Bally’s final results for the third quarter and nine months ended September 30, 2026 are not yet available, the above presentation reflects our current expectations regarding revenues and Segment Adjusted EBITDAR for the three and nine months ended September 30, 2026 as compared to the prior year. The estimates set forth in this press release are based solely on currently available information, and Bally’s has not finalized its financial statement close process for the third quarter September 30, 2026. During the close process, Bally’s may identify items that would require it to make adjustments to the expected preliminary operating results described herein.
Reconciliation of GAAP Measures to Non-GAAP Measures
To supplement the financial information presented on a generally accepted accounting principles (“GAAP”) basis, Bally’s has included in this earnings release the non-GAAP financial measures for Segment Adjusted EBITDAR, which excludes certain items described below.
“Adjusted EBITDA” is earnings, or loss, for Bally’s, or where noted Bally’s reportable segments, before, in each case, interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition and other transaction related costs, share-based compensation, and certain other gains or losses as well as, when presented for Bally’s reportable segments, an adjustment related to the allocation of corporate costs among segments.
“Segment Adjusted EBITDAR” is earnings, or loss, for Bally’s reportable segments before interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition and other transaction related costs, share-based compensation, and certain other gains or losses as well as an adjustment related to the allocation of corporate costs among segments, plus rent expense associated with triple net operating leases for the real estate assets used in the operation of the Bally’s casinos. For the Bally's Intralot B2B, Bally's Intralot B2C, North America Interactive, and Other segments, Segment Adjusted EBITDAR is equivalent due to a lack of triple net operating lease for real estate assets used in those segments.
Management has historically used consolidated Segment Adjusted EBITDAR when evaluating operating performance because Bally’s believes that this metric is necessary to provide a full understanding of Bally’s core operating results and as a means to evaluate period-to-period performance. Management also believes that Segment Adjusted EBITDAR is a measure that is widely used for evaluating operating performance of companies in Bally’s industry and a principal basis for valuing such companies as well. Adjusted EBITDAR is used outside of our financial statements solely as a valuation metric. Management believes Adjusted EBITDAR is an additional metric traditionally used by analysts in valuing gaming companies subject to triple net leases since it eliminates the effects of variability in leasing methods and capital structures. Segment Adjusted EBITDAR should not be construed as alternatives to GAAP net income as an indicator of Bally’s performance. In addition, Segment Adjusted EBITDAR as used by Bally’s may not be defined in the same manner as other companies in Bally’s industry, and, as a result, may not be comparable to similarly titled non-GAAP financial measures of other companies.
About Bally’s Corporation
Bally’s (NYSE: BALY) is a fast-growing global entertainment brand with 21 casinos across 11 U.S. states and one casino in Newcastle, UK, along with a golf course in New York and horse racetracks in Colorado and forthcoming in Wyoming. Bally’s also owns Bally Bet, a first-in-class sports betting and iGaming platform licensed in 16 jurisdictions in North America. Bally’s holds a majority interest in Bally’s Intralot S.A. (ATSE: BYLOT), a leading lottery solutions supplier and gaming operator active in 39 jurisdictions worldwide. Bally’s casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally’s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas, has been awarded a license to build a full-scale casino and resort in The Bronx, New York, and an integrated destination resort in Chicago, Illinois. Bally’s is the first publicly traded gaming company to achieve Minority Business Enterprise (MBE) certification through the National Minority Supplier Development Council (NMSDC). Bally’s has over 12,000 employees across the world, recognized for their innovation, energy, and dedication to creating thrilling gaming experiences.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “plan” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by Bally’s in this press release, its reports filed with the Securities and Exchange Commission (“SEC”) and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for Bally’s to predict or identify all such events or how they may affect it. Bally’s has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include those included in Bally’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Bally’s with the SEC. These statements constitute Bally’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
| Investor Contact | Media Contact | |||||||
| Lauren Westerfield | Joseph Jaffoni, Christin Armacost | |||||||
| Global Vice President Public Relations | JCIR | |||||||
| 401-475-8564 | 212-835-8500 | |||||||
| ir@ballys.com | baly@jcir.com | |||||||