Bally’s Intralot reports Q3 revenue of €286.1m as evoke deal awaits approvals
Deals & M&A1 min read
Bally’s Intralot reported Q3 revenue of €286.1m, up from €81.9m in Q3 2025, and said regulatory approvals and a Gibraltar court hearing for its planned evoke acquisition are expected to conclude by Q1 2027. Adjusted EBITDA rose to €88.9m from €29.9m year on year; the company said higher UK gaming taxes reduced quarterly adjusted EBITDA by €34m.
The evoke acquisition will not close this year, Bally’s Intralot said in its Q3 results, with further regulatory approvals set to conclude in Q1 2027. Outstanding gaming approvals and a court sanction hearing in Gibraltar are expected to conclude by the first quarter of 2027. Its Q3 revenue reached €286.1m, up from €81.9m in Q3 2025.
Adjusted EBITDA rose year on year to €88.9m from €29.9m in Q3 and to €273.6m from €90.1m in the first nine months. First-nine-month revenue increased to €830.3m from €263.9m in the company’s first full year as a combined entity.
UK online revenue in the Interactive division increased 12.2% year-on-year in Q3, Bally’s Intralot reported, as net gaming revenue hit a record after a third successive quarter of growth. A recent Remote Gaming Duty increase had a €34m impact on adjusted EBITDA in the quarter; revenue growth, more efficient marketing and cost controls offset 55% of it. Revenue in Spain also set a record, rising 18.9% YoY to €13.3m in Q3. In the US, its largest B2B market, revenue declined 11% to €119.6m so far this year as lottery revenue and equipment sales fell.