Bally’s Intralot reported H1 2026 revenue of €544.2m (£465.4m) thanks to continued growth in the UK, as bosses were able to mitigate almost two-thirds of the adjusted EBITDA impact of the new remote gaming duty in the market.
Remote gaming duty jumped from 21% to 40% on 1 April, with the firm noting an impact of €34m on adjusted EBITDA.
Online revenue growth in the UK of €9m, cost savings of €11.3m and €1.1m worth of growth in Spain helped cut the impact to €12.6m in total.
In the UK, Q2 revenue was up 11.6% versus Q2 2025. Bosses noted NGR in the market had also reached an all-time high.
B2B revenue, formed from Intralot’s legacy lottery arm, fell from €71.9m to €65.1m year on year (YoY).
Bally’s Corporation, the Rhode Island-based firm that owns a majority of Bally’s Intralot, also published its Q2 earnings on Friday, 14 August.
CEO Robeson Reeves said quarter-on-quarter growth internationally arrived “without incremental marketing spend – a real testament to the strength of our player base, product offering and the team behind it”.
“It is worth flagging that market consolidation in the UK has not moved quite as quickly as we originally expected,” continued Reeves.
“We see that as an opportunity still ahead of us rather than a concern, particularly as smaller operators come under increasing pressure post-World Cup and through the fall tax season.
“We are already delivering double-digit growth ahead of that consolidation, which gives us confidence in our position.”
Bally’s North America Interactive revenue rose 17% YoY to $66.1m, while there was a 2% growth in the Casino and Resorts business to $401m.
In June, it was announced the operator had agreed an all-share acquisition of evoke for £243m, to which Reeves remarked: “Our accomplishments during the quarter strengthen our confidence in the value we can create together.
“The same playbook of cost discipline and organic growth translates directly to a business of evoke’s scale and customer reach.”
The CEO added: “As we look to the second half of 2026, our execution is creating revenue tailwinds both domestically and internationally, generating multiple levers to improve profitability and building a solid foundation for long-term shareholder returns.”
Bally’s share price was up 3.7% to $13.99 in early trading this morning.
The post Bally’s Intralot reveals UK tax hike had €34m impact on Q2 EBITDA first appeared on EGR Intel.
CEO Robeson Reeves notes market consolidation in the UK slower than expected ahead of move for William Hill parent evoke
The post Bally’s Intralot reveals UK tax hike had €34m impact on Q2 EBITDA first appeared on EGR Intel.