Bally’s reported Q3 2026 revenue of $807.6 million, up 21.7% on the year, and filed another Rule 12b-25 extension for its 10-Q.
Bally’s reported Q3 2026 revenue of $807.6 million, up 21.7% year over year. The company will file a Rule 12b-25 extension for its 10-Q, again missing the SEC deadline after its Q2 going-concern warning. Intralot B2C revenue rose 22.8% to $257.5 million, but segment Adjusted EBITDAR fell 10.9% to $77.0 million.
- Bally’s Q3 Revenue Beats the Year Earlier
- Intralot B2C Grows as Evoke Deal Nears
- Segment Adjusted EBITDAR Misses the Line
- The Missing 10-Q and $560M of Financing
Bally’s preliminary Q3 2026 revenue came in at $807.6 million, up 21.7% year over year. The company said it will miss the SEC standard deadline for its quarterly report and file a Rule 12b-25 extension instead. That is the second straight quarter Bally’s has slipped past the filing date.
The preliminary release came out on Nov. 9. Bally’s told investors it expects to submit a late-filing notice and file its Form 10-Q inside the extension window. Rule 12b-25 grants five additional calendar days to companies that cannot file on time. Bally’s skipped its earnings conference call entirely.
Bally’s Q3 Revenue Beats the Year Earlier
Bally’s filed a late-filing notice for its Q2 report in August, saying it needed more time to review the financial statements. The Nov. 9 release carries no net income, earnings per share, cash flow or balance sheet figures. Bally’s also said the preliminary numbers could still change before the actual close.
Growth is coming from Intralot. Bally’s Intralot B2B revenue jumped to $76.6 million from $5.5 million a year earlier. B2C revenue rose 22.8% to $257.5 million, which the company attributed to UK growth and the addition of Intralot’s B2C business. Bally’s holds a 58% majority stake in the supplier.
North America Interactive revenue grew 25.6% to $62.7 million. Casinos & Resorts revenue rose 3.2% to $408.6 million, supported by activity at Baton Rouge and Marquette, the Q3 purchase of Sam’s Town Shreveport and the Chicago temporary casino. Chief executive Robeson Reeves said in the Arden Consult release that development projects remain on track and execution is improving results across every segment.
Intralot B2C Grows as Evoke Deal Nears
Bally’s Intralot is a business Bally’s controls through a 58% majority interest. It is also waiting on completion of the £243.1 million all-share takeover of Evoke, the owner of William Hill and 888. The deal is now expected to close in 2027, a year behind the original timetable.
Bally’s has used that deal to widen its gaming technology footprint beyond US land-based casinos. B2B revenue nearly multiplied year over year, and B2C growth has been driven by UK demand plus the newly added business. As a result, the group’s nine-month revenue reached $2.36 billion.
Segment Adjusted EBITDAR Misses the Line
Revenue growth did not carry through to profit. B2C Segment Adjusted EBITDAR fell 10.9% to $77.0 million from $86.4 million, pushing the segment’s margin down to 29.9% from 41.2%. Casinos & Resorts EBITDAR was flat at $107.8 million, barely ahead of $107.9 million a year earlier.
North America Interactive narrowed its loss to $3.2 million from $6.0 million, and corporate costs dropped to $14.1 million from $18.0 million. Adding the five segments gives a $179.6 million total, up 2.2% from $175.8 million. Bally’s does not publish a group Segment Adjusted EBITDAR figure. As a result, the Casinos & Resorts number sits above what an Adjusted EBITDA figure would show, because it excludes rent under triple-net lease terms where tenants cover taxes, insurance and maintenance.
The Missing 10-Q and $560M of Financing
Cash stood at $390.2 million on June 30, down from $798.4 million a year earlier, against $4.51 billion of long-term debt. In its Q2 10-Q, Bally’s said conditions raised substantial doubt about its ability to continue as a going concern. Revolving lenders had conditionally waived the net leverage covenant, subject to a minimum liquidity requirement.
Bally’s closed a WhiteHawk Capital Partners-led financing on Oct. 1, after months of funding strain. The company received $400 million in term loans, with a further $160 million available in delayed draws. Proceeds will fund Bronx pre-construction costs and general corporate purposes. The delayed 10-Q will show whether the growth is outrunning the debt burden and whether the going-concern warning still stands.
Frequently Asked Questions
What was Bally’s Q3 2026 revenue?
Preliminary Q3 2026 revenue was $807.6 million, up 21.7% year over year. The release was issued on Nov. 9 and contains no net income or balance sheet figures because the close process is not finished.
Why is Bally’s missing the 10-Q deadline?
Bally’s filed a late-filing notice in August for its Q2 report, citing more time needed to review its financial statements. It expects to submit a Rule 12b-25 extension and file the Q3 10-Q within that extra window, again missing the standard deadline.
How is Bally’s Intralot B2C performing?
B2C revenue grew 22.8% to $257.5 million, driven by UK demand and the new business. Segment Adjusted EBITDAR fell 10.9% to $77.0 million, cutting the margin to 29.9% from 41.2%. Growth is therefore not translating into segment profit.
What is happening with the Evoke deal?
Bally’s is pursuing a £243.1 million all-share takeover of Evoke, the owner of William Hill and 888. It holds an 58% majority interest in Intralot and expects Evoke to close in 2027, a year later than originally planned.
How much has Bally’s raised to fund the Bronx project?
Bally’s closed a WhiteHawk Capital Partners-led financing on Oct. 1, taking $400 million in term loans plus $160 million available in delayed draws. The funds cover Bronx pre-construction costs and general corporate purposes.
Does Bally’s still face a going-concern warning?
Yes. Cash was $390.2 million on June 30, down from $798.4 million at year-end, against $4.51 billion of long-term debt. The Q2 10-Q raised substantial doubt about Bally’s ability to continue as a going concern, and the delayed Q3 filing will test whether that warning persists.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
