Bally’s Intralot CEO Robeson Reeves addressed the discussions surrounding the potential acquisition of evoke during today’s conference call with analysts following the announcement of the group’s financial results for the first quarter of 2026.
“As we have announced, Bally’s Intralot is evaluating an emerging opportunity related to evoke, which we are actively pursuing, and we will be able to provide more details in the coming days,” stated Robeson Reeves.
It is recalled that the company recently announced that it had received a binding offer deadline regarding evoke, within which it is required to either announce its firm intention to submit an offer or announce that it does not intend to submit an offer.
This announcement must now be made no later than 5:00 p.m. (London time) on June 8, 2026.
Financial Results for the First Quarter of 2026
Subsequently, referring to the Group’s financial results, Robeson Reeves commented that the first-quarter performance marks a strong start to the new year.
It should be noted that according to the financial results for the three-month period ending March 31, 2026 , the Group’s revenue stood at €268.1 million as a result of the consolidation of Bally’s International Interactive (‘BII’). At the same time, adjusted EBITDA (AEBITDA) for the first quarter of 2026 stood at €100.2 million, with the margin at 37.4%.
The consolidation of BII added €183.9 million to the Group’s revenue and €72.7 million to AEBITDA (39.5% AEBITDA margin).
The pro-forma performance of the consolidated entity for the twelve-month period stands at revenue of €1,062.9 million and AEBITDA of €427.2 million, corresponding to a margin of 40.2%, in line with forecasts and estimates.
Total liquidity amounted to €417.3 million as of March 31, 2026, consisting of cash and cash equivalents of €257.3 million (excluding restricted deposits) and a €160 million revolving credit facility, which remains fully undrawn.
On the other hand, Adjusted Net Debt stood at €1,493.1 million at the end of the first quarter of 2026, with the Adjusted Net Leverage Ratio, on a pro-forma basis, at 3.50x.
Performance in the UK market
Regarding the UK market, Robeson Reeves noted that the Group’s online business continued its strong momentum, recording growth of 10.5% on a constant currency basis for the quarter, while preliminary April revenue increased further by 11.5%.
“As of April 1, 2026, the tax rate for the gaming sector in the United Kingdom doubled, from 21% to 40%; however, we entered this change from a position of strength rather than one of defense. Active players are increasing year-over-year, our brands remain particularly strong, our product is competitive, and our player base continues to expand,” he emphasized.