Bally’s has reported Q3 revenue of $663.7m (£506m) representing a 5.4% year-on-year (YoY) increase for the Rhode Island-based operator.
Revenue for the three months ended 30 September was up from $629.9m in Q3 2024, with gains reported across online and land-based operations.
The firm’s International Interactive division, which encompasses the Gamesys assets, reported a 6.9% dip in revenue from $230.9m to $215.1m, but Bally’s said this was “solely” due to the divestment of the Asia-facing assets last year. Excluding that impact, revenue was up 11.7% YoY.
UK online revenue grew 8%, reinforcing the company’s statement at its Capital Markets Day earlier this year that it is the number two igaming operator in the market.
Bally’s said the UK gains were delivered as a result of “continued strong player monetisation and additional revenue driving initiatives, such as the launch of a sports betting offering”.
The company added: “In October, our UK operations continued their growth momentum, fuelled by strong player acquisition and retention as well as robust results in online sports betting.”
Adjusted EBITDAR for the division, which includes brands such as Jackpotjoy, was up from $90m to $91.9m.
Revenue from North America Interactive was up from $44.1m to $44.9m, while adjusted EBITDAR losses shrunk slightly to $6m.
Revenue growth was supported by the online casino monopoly in Rhode Island and a “strong performance” in online sports betting.
The division encompasses Bally Bet which is live in US 11 states, and Bally Casino. Management expected adjusted EBITDAR losses to “improve meaningfully in the coming quarters”.
Land-based revenue was up from $353.4m to $396.1m, with adjusted EBITDAR rising from $100.4m to $107.9m.
At the start of Q4, Intralot completed its €2.7bn acquisition of Bally’s International Interactive.
Bally’s is also a majority shareholder in Intralot with a 58% stake. Bally’s CEO Robeson Reeves has become Intralot boss as part of the deal.
Reeves said: “The combination of Bally’s International Interactive and Intralot created a global igaming and lottery champion with enhanced scale, diversification and a highly complementary product offering across B2G, B2B and B2C channels. Intralot is now one of the largest listed companies on the Athens Stock Exchange, and the combined entity is expected to generate approximately €1.1bn in annual revenue.
“With industry-leading EBITDA margins in excess of 39%, driven by operational synergies, cross-market opportunities and continued data-driven innovation, Intralot is superbly positioned to unlock significant cross-selling opportunities and drive growth and long-term value creation.
“In summary, with Bally’s 2.0, and now Intralot, we have created a scaled, global omnichannel provider of retail and online experiences by expanding globally as a gaming, lottery and entertainment operator.
“We continue to demonstrate strategic and prudent use of our capital resources to drive growth and returns for our stakeholders.
“Combined with our operational expertise and long-term vision, we are eagerly and aggressively pursuing the many growth opportunities before us.”
Bally’s shares in New York were up 4% to $19.36 following the report’s publication.
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International Interactive arm impacted by Asian divestment, but sports betting launches in the UK cited as key driver
The post Bally’s Q3 revenue up to $664m amid “growth momentum” in the UK first appeared on EGR Intel.