Bally's
Runs casino resorts, online betting, iGaming, and lottery-technology platforms.
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Profile
Operates casino resorts, online betting and iGaming brands, and lottery-technology platforms through Casinos & Resorts, Bally's Intralot, and North America Interactive. The footprint is concentrated in the United States, with additional exposure through the United Kingdom, European interactive gaming, and global lottery markets.
Casinos & Resorts anchors the business through regional casino properties, a Colorado horse racetrack, a New York golf course, and temporary Chicago casino operations tied to a permanent resort project.
Bally's Intralot B2B and Bally's Intralot B2C add lottery technology, gaming services, European interactive gaming, and consumer lottery operations. North America Interactive runs Bally Bet Sportsbook & Casino and related online betting and iGaming products in licensed jurisdictions.
The footprint is concentrated in the United States, with international exposure through the United Kingdom, European interactive brands, and Intralot-linked lottery markets. Execution depends on gaming licenses, development projects in Chicago, Las Vegas, and New York, integration of recent Queen and Intralot transactions, and discretionary leisure spending.
Company facts
Categories
Key statistics
Year to date −43.1% · Average volume (30d) 95.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Macquarie | Reiterate | Neutral | $11 | ||
| Aug 19, 2026 | Truist Financial | Target | $18 | $10 | ||
| Aug 19, 2026 | Barclays | Reiterate | Underweight | $8 | $7 | |
| May 26, 2026 | Stifel Nicolaus | Target | $20 | $13 | ||
| May 20, 2026 | Barclays | Target | $11 | $8 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | −$1.08 | −$2.41 | −123.1% | $789.9M | $792.2M | +0.3% | −26.30% |
| May 18, 2026Q1 FY26 | −$1.00 | −$2.69 | −169.2% | $769.7M | $755.7M | −1.8% | −9.49% |
| Mar 16, 2026Q4 FY25 | −$0.73 | −$0.57 | +22.3% | $638.2M | $746.2M | +16.9% | −0.47% |
| Nov 12, 2025Q3 FY25 | −$0.71 | −$1.70 | −139.4% | $669.4M | $663.7M | −0.9% | −5.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $589.2M | $657.5M | $663.7M | $746.2M | $755.7M | $792.2M | |
| Gross profit | $252.2M | $367.5M | $371.8M | $299.9M | $301.8M | $391.9M | |
| Operating income | $10.8M | −$2.4M | $30.8M | −$34.3M | $1.2M | −$34.0M | |
| Net income | −$16.5M | −$228.4M | −$102.9M | −$353.2M | −$161.9M | −$146.1M | |
| Diluted EPS | −$3.61 | −$3.76 | −$1.70 | −$5.38 | −$2.69 | −$2.41 | |
| Gross margin | 42.8% | 55.9% | 56.0% | 40.2% | 39.9% | 49.5% | |
| Operating margin | 1.8% | -0.4% | 4.6% | -4.6% | 0.2% | -4.3% |
Fiscal years (4-quarter sums)FY21 $1.32B · FY22 $2.26B · FY23 $2.45B · FY24 $2.45B · FY25 $2.66B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $390.2M · Total debt $2.31B · Total assets $10.81B · Shareholders' equity $644.8M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 48.95M · Float 4.58M · 9.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Soohyung Kim · director, 10 percent owner: | 32.55M | 66.49% | Form 4 | Jan 5, 2026 |
| Standard General L.P. | 32.48M | 66.36% | 13F | May 15, 2026 |
| Noel Hayden | 4.95M | 10.20% | 13G | Feb 11, 2025 |
| Whitefort Capital Management, LP | 2.41M | 4.92% | 13F | May 15, 2026 |
| BlackRock, Inc. | 581.0K | 1.19% | 13F | May 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- PENN® Entertainment
Regional casino and online-gaming peer with theScore Bet
- Caesars Entertainment
Scaled casino-resort and digital-gaming rival
- MGM Resorts International
Destination resort and BetMGM-linked digital rival
- Boyd Gaming
Regional casino and Boyd Interactive overlap
- DraftKings
Pure-play sportsbook and iGaming scale competitor
- Flutter Entertainment
FanDuel-led online sportsbook and iGaming leader
- Brightstar Lottery
Lottery technology and operations peer to Bally's Intralot
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bally's | $9.43 | −0.32% | $461.6M | — | — | 0.2 | +20.5% |
| PENN® Entertainment | $17.36 | +0.03% | $2.32B | — | 11.9 | 0.3 | +5.2% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Boyd Gaming | $79.95 | +0.63% | $5.77B | 3.5 | 10.7 | 1.4 | +0.0% |
| DraftKings | $25.27 | +0.09% | $12.53B | — | 43.1 | 2.0 | −4.6% |
| Flutter Entertainment | $101.53 | −0.24% | $17.66B | — | 16.4 | 1.0 | +3.3% |
| Brightstar Lottery | $11.57 | −0.13% | $2.13B | 11.7 | 18.8 | 0.9 | −7.3% |
| Median | 11.7 | 17.6 | 0.9 | +1.1% |