{"id":11217,"date":"2026-09-01T22:06:01","date_gmt":"2026-09-01T22:06:01","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/09\/01\/ballys-intralot-posts-e544-million-revenue-with-debt-at-e1-61-billion\/"},"modified":"2026-09-01T22:06:01","modified_gmt":"2026-09-01T22:06:01","slug":"ballys-intralot-posts-e544-million-revenue-with-debt-at-e1-61-billion","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/09\/01\/ballys-intralot-posts-e544-million-revenue-with-debt-at-e1-61-billion\/","title":{"rendered":"Bally\u2019s Intralot Posts \u20ac544 Million Revenue With Debt at \u20ac1.61 Billion"},"content":{"rendered":"<div>\n<p>Bally\u2019s Intralot entered the second half of 2026 with higher debt but a much larger earnings base, as the group prepares for its proposed \u00a3243 million ($329.1 million) acquisition of evoke.<\/p>\n<hr>\n<p><strong>Good to Know<\/strong><\/p>\n<ul>\n<li>Adjusted net debt reached \u20ac1.61 billion ($1.87 billion) at June 30.<\/li>\n<li>First-half revenue climbed to \u20ac544.2 million ($631.27 million).<\/li>\n<li>evoke shareholders approved the proposed acquisition with 99.63% of votes cast.<\/li>\n<\/ul>\n<hr>\n<h2><strong>Bally\u2019s Intralot Debt Rises Ahead of evoke Deal<\/strong><\/h2>\n<p>Adjusted net debt increased by about \u20ac125 million from \u20ac1.49 billion at the end of 2025. A major factor was an \u20ac85 million ($98.6 million) payment tied to the new 15-year electronic gaming machine monitoring licence in Victoria, Australia.<\/p>\n<p>Other cash outflows included \u20ac67.5 million in net interest, \u20ac20.5 million from investing activities and \u20ac14.5 million in transaction and bond issuance costs. Free cash flow of \u20ac89 million partly offset those payments.<\/p>\n<p>The balance sheet now sits at the center of the proposed evoke acquisition. Bally\u2019s Intralot secured a further \u00a3261.8 million ($353.43 million) senior secured term facility in July for corporate needs, refinancing and acquisitions.<\/p>\n<p>Credit analysts have also focused on leverage. Morningstar DBRS previously estimated closing net leverage of around 4.8x following the proposed evoke transaction, while expecting higher interest costs from additional financing.<\/p>\n<h2><strong>BII Drives Revenue and EBITDA Growth<\/strong><\/h2>\n<p>Bally\u2019s International Interactive transformed the first-half comparison after joining the group in July 2025.<\/p>\n<p>BII contributed \u20ac377.6 million ($438.02 million) of revenue and \u20ac132.8 million ($154.05 million) of adjusted EBITDA during the six months.<\/p>\n<p>Group revenue reached \u20ac544.2 million, up from \u20ac182 million a year earlier, while adjusted EBITDA increased from \u20ac60.2 million to \u20ac184.8 million. The EBITDA margin improved to 34%.<\/p>\n<p>However, higher interest, depreciation and deal costs left Bally\u2019s Intralot with a \u20ac7.2 million ($8.35 million) pre-tax loss, compared with a \u20ac9.8 million profit one year earlier.<\/p>\n<p>UK online revenue also grew 11.6% at constant currency during the second quarter. Bally\u2019s Intralot reported record net gaming revenue in the market despite the UK remote gaming duty increase from 21% to 40% from April 1.<\/p>\n<p>The higher duty created an estimated \u20ac34 million ($39.44 million) second-quarter cost. Revenue growth and operating cost reductions offset around 65% of that amount.<\/p>\n<p>The UK portfolio currently includes Bally Bet, Jackpotjoy, Virgin Games, MonopolyCasino UK and Rainbow Riches Casino. Adding evoke would bring William Hill, Mr Green and assets linked to 888 into the wider group.<\/p>\n<p>Bally\u2019s Intralot has called an extraordinary general meeting for September 18. Regulatory approvals also remain outstanding.<\/p>\n<p><em>\u201cWe continue to expect the scheme to become effective in the fourth quarter of 2026 or the first quarter of 2027,\u201d<\/em> Robeson Reeves said.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/ballys-intralot-posts-e544-million-revenue-with-debt-at-e1-61-billion\/\">Bally\u2019s Intralot Posts \u20ac544 Million Revenue With Debt at \u20ac1.61 Billion<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bally\u2019s Intralot entered the second half of 2026 with higher debt but a much larger earnings base, as the group prepares for its proposed \u00a3243 million ($329.1 million) acquisition of evoke. Good to Know Adjusted net debt reached \u20ac1.61 billion ($1.87 billion) at June 30. First-half revenue climbed to \u20ac544.2 million ($631.27 million). evoke shareholders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-11217","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=11217"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11217\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=11217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=11217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=11217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}