Bally’s Intralot has announced preliminary financial results for the nine-month period ended 30 September 2026. Group revenue amounted to €830.3m, while Adjusted EBITDA (AEBITDA) came to €273.6m, giving a margin of 33.0%.
Bally’s International Interactive contributed €579.2m to total revenue and €195.6m to AEBITDA, achieving a margin of 33.8%. Growth in the UK continued in the third quarter, with online revenue up 12.2% year on year on a constant-currency basis, accelerating from 11.6% in the second quarter despite lower marketing investment. NGR in the UK reached a new record, marking a third consecutive quarter of growth.
Meanwhile, online revenue in Spain reached a new record in the third quarter, rising 18.9% to €13.3m as the active player base expanded. The increase in the tax rate on online gaming in the UK had a negative impact of €34m on third-quarter AEBITDA, in line with the second quarter. However, about 55% of the impact was offset by revenue growth, more efficient management of marketing spend and cost containment.
Pro forma figures
On a pro forma basis, the combined entity’s performance over 12 months amounts to revenue of €1,101.7m and AEBITDA of €376.7m (a margin of 34.2%). Total liquidity rose to €472.4m on 30 September 2026, from €287.3m on 30 June 2026. Liquidity comprises cash and cash equivalents of €312.4m (including restricted deposits) and an undrawn credit facility of €160.0m.
Adjusted Net Debt remained stable at €1,629.9m (up from €1,618.9m at the end of June), with the pro forma net leverage ratio at 4.33x. In July 2026, the Group signed new sterling-denominated Senior Secured Term Facilities of £261.8m (about €306m) with institutional lenders to support acquisitions and refinance debt. It has already drawn the first tranche of £157.1m (€183.2m).
Finally, the proposed acquisition of evoke plc, announced in June 2026, is progressing smoothly. Shareholders of both companies have approved the transaction, and the key competition conditions have been met. Final approvals from gambling regulators and a court hearing in Gibraltar are expected by Q1 2027.
*See the detailed results in the right-hand column, “Accompanying Material”.