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Bally’s Intralot nearly triples revenue but debt continues to head towards €2bn mark

Tuesday, May 19, 2026 7:30 PM
Photo: Intralot (courtesy)
  • Patrick Killeen, SBC News

Bally’s Intralot delivered a huge year-on-year turnover boost in Q1 2026 as the company’s acquisition of Bally’s International Interactive (BII) dramatically expanded its scale, online gaming footprint and profitability.

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The newly combined business reported first-quarter revenue of €268.1m [$311.3m], up 180.5% YoY from €95.6m, while adjusted EBITDA surged 231.8% to €100.2m [116.3m]. EBITDA margin improved to 37.4%, compared with 31.6% in the same period last year.

The growth was overwhelmingly driven by the October 2025 acquisition of BII, which contributed €183.9m in revenue and €72.7m in adjusted EBITDA during the quarter, representing a 39.5% EBITDA margin.

Because of the deal, Athens-listed Bally’s Intralot is now a much larger online-focused gaming operator and its ambition is starting to be realised as it hunts down a cut-price deal for LSE-listed evoke.