Bally's Q2 revenue slightly beats estimates on growth in Intralot B2C, North America Interactive
BALY•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 Corporation is $13.00, about 3.6% below its August 13 closing price of $13.49.
Segment performance
- INTRALOT B2C growth - Strong revenue growth in the UK and Spain, and the addition of Intralot's B2C business, supported segment gains.
- North America Interactive - Healthy wagering revenue growth across all verticals drove a 16.9% year-over-year revenue increase.
- Casinos & Resorts - Modest revenue growth was aided by landside moves in Baton Rouge and Marquette, and growth at the temporary Chicago facility.
Outlook and project timeline
- The company expects the permanent Chicago casino to open in early 2027.
- Bally's Bronx integrated casino project is expected to open by 2030.
- The company said UK online revenue momentum has continued into July, with about 13% year-over-year growth.
- In June, the company announced an agreement to acquire evoke plc, a global sports betting and gaming leader.
