Bally's Says 2024 Guidance Remains Unchanged With Expectations For Revenues Of $2.5B-$2.7B, Est $2.581B

5/1/24 4:53:48 PM ET

Hotels/Resorts

Consumer Discretionary

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The Company's annual guidance remains unchanged with expectations for 2024 revenues in a range of $2.5 billion to $2.7 billion and Adjusted EBITDAR in a range of $655 million to $695 million.

The full year guidance includes the impact of the Tropicana Las Vegas closure and contemplates the continued ramp of the Chicago Temporary Casino, coupled with growth in the Company's International Interactive business, and the revenue ramp from the introduction of iGaming operations in Rhode Island.

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Recent Analyst Ratings for
$BALY

Date	Price Target	Rating	Analyst
1/17/2024		Outperform → Neutral	Macquarie
1/5/2024	$10.00	Equal Weight → Underweight	Wells Fargo
11/2/2022	$28.00 → $25.00	Buy → Hold	Stifel
10/6/2022	$23.00	Hold	Deutsche Bank
6/29/2022	$21.00	Equal Weight	Barclays
6/28/2022		Mkt Perform	JMP Securities
3/3/2022		Overweight → Sector Weight	Keybanc
2/28/2022	$54.00 → $38.00	Buy → Hold	Jefferies

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Bally's Corporation Announces Third Quarter 2024 Results
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Highlights Company-wide revenue of $630.0 million, a decrease of 0.4% year-over-year Casinos & Resorts revenue of $353.4 million, down 1.6% year-over-year UK online revenues grew 11.8% while overall International Interactive revenue declined 5.3% year-over-year to $230.9 million North America Interactive revenue of $45.7 million, up 54.5% year-over-year Launched second online sportsbook in the UK under the Bally's brand, joining existing JackpotJoy offering Secured $940 million of construction funding for C
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Bally's to Report Third Quarter 2024 Results on November 6, 2024
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the third quarter 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call on the same day at 4:30 p.m. EDT to discuss results. To access the conference call, please dial (800) 445-7795 (U.S. toll-free) and reference conference ID BALYQ324. An online audio webcast of the conference call will be available via the Investor Relations section of the Company's website https://ballys.com. An online archive of the webcast will be available for 120 days. About Bally's Corporation Bally's Corporation is a global casino-entertainment company with a growing omni-channel
10/28/24 10:30:00 AM ET
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Gaming and Leisure Properties Reports Record Third Quarter 2024 Results
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
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Leadership Updates

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Bally's Names Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact
Appointments support Bally's ongoing commitment to compliance and global responsibility PROVIDENCE, R.I., Sept. 21, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced the appointment of Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact. Kim M. Barker, Executive Vice President, Chief Legal Officer Bally's, said, "On behalf of the entire leadership team, I am pleased to welcome Don and Tammi to Bally's. Their deep expertise enables Bally's to continue our progress toward building i
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Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman
Appointments support Bally's ongoing global growth and diversification strategy PROVIDENCE, R.I., May 9, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced that Marcus Glover has been appointed as Bally's Executive Vice President ("EVP") and Chief Financial Officer ("CFO"). Bobby Lavan, Bally's current CFO, will be leaving the Company to pursue another opportunity. He will be available to management, as needed, to ensure a seamless transition. Mr. Glover's appointment is subject to receipt of customary regulatory approvals. Mr. Glover is a senior executive in
5/9/23 6:45:00 AM ET
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Bally's Appoints Robeson Reeves As CEO
PROVIDENCE, R.I., Feb. 13, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced that Lee Fenton, CEO, will step down and Robeson Reeves, President - Interactive, will take over as CEO, effective March 31, 2023. Fenton became CEO of Bally's on October 1, 2021 following the acquisition of Gamesys Group PLC where he had been CEO since 2015. Fenton will also step down from the Bally's Board of Directors. Soo Kim, Chairman of Bally's Corporation's Board of Directors, said, "On behalf of the Board of Directors, I want to thank Lee for his excellent leadership and val
2/13/23 6:45:00 AM ET
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Bally's Corporation Completes Transactions With Standard General and The Queen Casino & Entertainment
Bally's Corporation (NYSE:BALY, BALY.T)) ("Bally's" or the "Company") today announced that it has completed the previously announced transactions with Standard General L.P. ("Standard General") and its affiliates including The Queen Casino & Entertainment Inc. ("Queen"), a regional casino operator majority-owned by funds managed by Standard General. Pursuant to the terms of the merger agreement, Bally's and Queen combined, with Queen shareholders receiving consideration of 30.5 million shares. Thereafter, the Company paid cash consideration of $18.25 per share to holders of 22.8 million of the Company's outstanding shares. The cash merger consideration was financed by the issuance of $500
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Bally's Corporation Announces Completion of Second Rollover Election Period
Bally's Corporation (NYSE:BALY, BALY.T)) ("Bally's" or the "Company") today announced the completion of the second election period for holders of shares of Bally's common stock, par value $0.01, to submit an election (a "Rolling Share Election") to have such shares remain outstanding following the completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of July 25, 2024 (as amended, the "Merger Agreement"), by and among SG Parent LLC, Bally's, The Queen Casino & Entertainment Inc. ("Casino Queen") and the other parties thereto. In connection with the second election period, holders of an additional 447,910 shares of common stock made Rolling Share Election
1/21/25 7:30:00 AM ET
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Bally's Completes Previously Announced Sale Lease-Back of Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties
Aggregate Transaction Valued at $395 Million Bally's Corporation (NYSE:BALY) ("Bally's") today announced that it has completed the previously announced sale lease-back of certain real property interests underlying Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI") in a transaction valued at $395 million in the aggregate, inclusive of $7 million in LP units and $388 million in cash. The sale lease-back consideration includes approximately $56 million reimbursement of prior capital expenditures at the properties, with the balance as gross sale proceeds. Bally's will use the proceeds from the sale lease-back transaction to pay down amount
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Bally's Says 2024 Guidance Remains Unchanged With Expectations For Revenues Of $2.5B-$2.7B, Est $2.581B

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Recent Analyst Ratings for $BALY

$BALY Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Wilson Wanda Y. bought $18,200 worth of shares (2,000 units at $9.10), increasing direct ownership by 7% to 28,721 units (SEC Form 4)

Rollins Jeffrey W bought $50,000 worth of shares (5,000 units at $10.00), increasing direct ownership by 6% to 87,175 units (SEC Form 4)

Patel Jaymin B bought $88,400 worth of shares (10,000 units at $8.84), increasing direct ownership by 42% to 33,624 units (SEC Form 4)

$BALY Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Bally's Corporation

SEC Form SC 13D filed by Bally's Corporation

Amendment: SEC Form SC 13D/A filed by Bally's Corporation

$BALY Financials

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Bally's Corporation Announces Third Quarter 2024 Results

Bally's to Report Third Quarter 2024 Results on November 6, 2024

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$BALY SEC Filings

Amendment: SEC Form SC 13E3/A filed by Bally's Corporation

Amendment: SEC Form SCHEDULE 13D/A filed by Bally's Corporation

$BALY Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

President Papanier George T. returned $4,261,101 worth of shares to the company (233,485 units at $18.25), decreasing direct ownership by 50% to 225,173 units (SEC Form 4)

EVP, Chief Financial Officer Glover Marcus returned $219,256 worth of shares to the company (12,014 units at $18.25), closing all direct ownership in the company (SEC Form 4)

Director Harris Tracy S. returned $142,934 worth of shares to the company (7,832 units at $18.25), decreasing direct ownership by 50% to 7,686 units (SEC Form 4)

$BALY Leadership Updates

Live Leadership Updates

Bally's Names Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact

Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman

Bally's Appoints Robeson Reeves As CEO

$BALY Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Bally's Corporation downgraded by Macquarie

Bally's Corporation downgraded by Wells Fargo with a new price target

Bally's Corporation downgraded by Stifel with a new price target

$BALY Press Releases

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Bally's Corporation Completes Transactions With Standard General and The Queen Casino & Entertainment

Bally's Corporation Announces Completion of Second Rollover Election Period

Bally's Completes Previously Announced Sale Lease-Back of Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties

Recent Analyst Ratings for
$BALY

$BALY
Insider Purchases

$BALY
Large Ownership Changes

$BALY
Financials

$BALY
SEC Filings

$BALY
Insider Trading

$BALY
Leadership Updates

$BALY
Analyst Ratings

$BALY
Press Releases