Bally's Corporation owns and operates gaming and racing facilities in the United States. Its gaming and racing facilities include slot machines and various casino table games, and restaurant and hotel facilities. The company owns and manages Twin River Casino Hotel in Lincoln, Rhode Island; Tiverton Casino Hotel in Tiverton, Rhode Island; Hard Rock Hotel & Casino in Biloxi, Mississippi; Casino Vicksburg in Vicksburg, Mississippi; Dover Downs Hotel & Casino in Dover, Delaware; Casino KC in Kansas City, Missouri; Golden Gates, Golden Gulch, and Mardi Gras casinos in Black Hawk, Colorado; Bally's Atlantic City, Atlantic City, New Jersey; Eldorado Resort Casino Shreveport, Shreveport, Los Angeles; and Arapahoe Park racetrack and 13 off-track betting licenses in Aurora, Colorado. As of April 13, 2021, it owned and operated 12 casinos that comprise 13,308 slot machines, 460 game tables, and 3,342 hotel rooms, as well as a horse racetrack across eight states. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was founded in 2004 and is incorporated in Providence, Rhode Island.
IPO Year: 2019
Exchange: NYSE
Website: ballys.com
| 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 |
| 2/23/2022 | $70.00 → $58.00 | Buy | Stifel |
| 11/9/2021 | $70.00 → $65.00 | Overweight | Keybanc |
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") announced that at its Special Meeting of Stockholders held on November 19, 2024, its stockholders, including its unaffiliated stockholders, approved the adoption of its previously announced definitive merger agreement with The Queen Casino & Entertainment Inc. ("Queen"), a portfolio company majority-owned by the Company's largest stockholder, Standard General L.P. At the Special Meeting, the Company stockholders also approved, on a non-binding advisory basis, the compensation that may or will become payable by Bally's to its named executive officers in connection with the transactions contemplated by the merger agreement. The merg
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
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
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 ________________
WYOMISSING, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or "the Company"), announced today that it completed its previously announced $250 million acquisition, from Blue Owl Capital, of the land on which Bally's Corporation (NYSE:BALY) ("Bally's") permanent Chicago Casino will be constructed. The land purchase was one component of GLPI's broader agreement with Bally's, announced in July. With the completion of GLPI's purchase of the Chicago land, the current lease in place with Blue Owl Capital will be assumed by an affiliate of GLPI and amended to reflect the negotiated annual rent of $20 million, representing an initial cash yield of
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 and Recent Highlights Company-wide revenue of $621.7 million, an increase of 2.5% year-over-year Casinos & Resorts revenue of $343.1 million, up 3.0% year-over-year UK online revenues grew 9% while overall International Interactive revenue declined (7.4%) year-over-year to $229.4 million North America Interactive revenue of $49.2 million, up 94.7% year-over-year Announced $2.07 billion in aggregate transactions with GLPI, including $940 million of construction funding for Chicago project Unveiled new site plan for
WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended June 30, 2024. Financial Highlights Three Months Ended June 30,(in millions, except per share data) 2024 2023Total Revenue $380.6 $356.6Income from Operations $293.4 $238.3Net Income $214.4 $160.1FFO(1) (4) $279.2 $225.4AFFO(2) (4) $264.4 $250.4Adjusted EBITDA(3) (4) $340.4 $325.5Net income, per diluted common share and OP units(4) $0.77 $0.59FFO, per diluted common share and OP units(4) $1.00 $0.83AFFO, per diluted common share and OP units(4) $0.94 $0.92 ________________________________
Bally's Stockholders to Receive $18.25 per Share in Cash, Representing a 71% Premium to the Company's 30-day Volume Weighted Average Price Prior to the Initial Standard General Proposal Bally's Special Committee Unanimously Recommended and Board of Directors Approved the Transactions and the Per Share Cash Merger Consideration In Lieu of Receiving the Per Share Cash Merger Consideration, Bally's Stockholders Can Elect to Remain Invested in the Company via Rollover Election Bally's to be Combined with The Queen Casino & Entertainment Bally's Corporation ("Bally's" or the "Company") (NYSE:BALY) announced today that it has entered into a definitive merger agreement (the "Merger") pursu
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the second quarter 2024 after market close on Wednesday, July 31, 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) 274-8461 (U.S. toll-free) and reference conference ID BALYQ224. 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-channe
Bally's Beginning Site Prep for Demolition for Fall 2026 Opening Bally's Corporation (NYSE:BALY) today announced a refreshed Bally's Chicago Casino permanent site plan that prominently features a planned 500-room, 34-story hotel tower into a single-phase construction project at the 30-acre former Tribune Publishing site, pending approval of the Chicago Department of Planning & Development. In new renderings released today, the future Bally's Chicago Casino will feature its hotel tower on the southern end of the casino development nearest Ohio Street along the Chicago River. The hotel tower will include a large pool spa, fitness center and sun deck, as well as a rooftop restaurant bar to
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
Bally's Stockholders to Receive $18.25 per Share in Cash, Representing a 71% Premium to the Company's 30-day Volume Weighted Average Price Prior to the Initial Standard General ProposalBally's Special Committee Unanimously Recommended and Board of Directors Approved the Transactions and the Per Share Cash Merger ConsiderationIn Lieu of Receiving the Per Share Cash Merger Consideration, Bally's Stockholders Can Elect to Remain Invested in the Company via Rollover ElectionBally's to be Combined with The Queen Casino & EntertainmentBally's Corporation ("Bally's" or the "Company") (NYSE:BALY) announced today that it has entered into a definitive merger agreement (the "Merger") pursuant to which
JMP Securities analyst Jordan Bender reiterates Ballys (NYSE:BALY) with a Market Perform.
Wells Fargo analyst Daniel Politzer maintains Ballys (NYSE:BALY) with a Underweight and raises the price target from $9 to $11.
Multi-Faceted Transaction Further Expands and Diversifies GLPI's Industry-Leading Regional Property Portfolio; Provides Bally's with Financing for its Highly-Anticipated Flagship Chicago Casino Facility. GLPI intends to fund construction hard costs of up to $940 million at an 8.5% initial cash yield with the remainder to be funded by Bally's with the sale leaseback proceeds related to Bally's Kansas City and Bally's Shreveport along with other funding sources such as Bally's Chicago's planned initial public offering and cash flows from operations. Funding is expected to occur from August 2024 through December 2026.
In addition, GLPI secured adjustments to improve the purchase price and related cap rate related to the existing, previously announced, contingent purchase option for Bally's Lincoln Casino Resort ("Bally's Lincoln"), as well as the addition of a right for GLPI to call the asset beginning on October 1, 2026.
Stifel analyst Jeffrey Stantial maintains Ballys (NYSE:BALY) with a Hold and raises the price target from $11 to $14.
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.
Ballys (NYSE:BALY) reported quarterly losses of $(3.61) per share which missed the analyst consensus estimate of $(1.18) by 205.93 percent. The company reported quarterly sales of $618.482 million which missed the analyst consensus estimate of $626.783 million by 1.32 percent. This is a 3.30 percent increase over sales of $598.720 million the same period last year.
Truist Securities analyst Barry Jonas maintains Ballys (NYSE:BALY) with a Buy and raises the price target from $14 to $16.
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4/A - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
4 - Bally's Corp (0001747079) (Issuer)
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
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
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 ________________
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 and Recent Highlights Company-wide revenue of $621.7 million, an increase of 2.5% year-over-year Casinos & Resorts revenue of $343.1 million, up 3.0% year-over-year UK online revenues grew 9% while overall International Interactive revenue declined (7.4%) year-over-year to $229.4 million North America Interactive revenue of $49.2 million, up 94.7% year-over-year Announced $2.07 billion in aggregate transactions with GLPI, including $940 million of construction funding for Chicago project Unveiled new site plan for
WYOMISSING, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended June 30, 2024. Financial Highlights Three Months Ended June 30,(in millions, except per share data) 2024 2023Total Revenue $380.6 $356.6Income from Operations $293.4 $238.3Net Income $214.4 $160.1FFO(1) (4) $279.2 $225.4AFFO(2) (4) $264.4 $250.4Adjusted EBITDA(3) (4) $340.4 $325.5Net income, per diluted common share and OP units(4) $0.77 $0.59FFO, per diluted common share and OP units(4) $1.00 $0.83AFFO, per diluted common share and OP units(4) $0.94 $0.92 ________________________________
Bally's Stockholders to Receive $18.25 per Share in Cash, Representing a 71% Premium to the Company's 30-day Volume Weighted Average Price Prior to the Initial Standard General Proposal Bally's Special Committee Unanimously Recommended and Board of Directors Approved the Transactions and the Per Share Cash Merger Consideration In Lieu of Receiving the Per Share Cash Merger Consideration, Bally's Stockholders Can Elect to Remain Invested in the Company via Rollover Election Bally's to be Combined with The Queen Casino & Entertainment Bally's Corporation ("Bally's" or the "Company") (NYSE:BALY) announced today that it has entered into a definitive merger agreement (the "Merger") pursu
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the second quarter 2024 after market close on Wednesday, July 31, 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) 274-8461 (U.S. toll-free) and reference conference ID BALYQ224. 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-channe
Bally's Corporation (NYSE:BALY) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Company-wide revenue of $618.5 million, an increase of 3.3% year-over-year Casinos & Resorts revenue of $342.3 million, up 4.1% year-over-year International Interactive revenue of $234.7 million, down (4.4)% year-over-year North America Interactive revenue of $41.5 million, up 70.2% year-over-year Successfully launched iGaming in Rhode Island as sole provider Closed Tropicana Las Vegas to prepare for the Las Vegas A's relocation to a portion of our Tropicana site Summary of Financial Results Quarter Ended Marc
WYOMISSING, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended March 31, 2024. Financial Highlights Three Months Ended March 31,(in millions, except per share data) 2024 2023 Total Revenue $376.0 $355.2 Income from Operations $257.6 $266.8 Net Income $179.5 $188.7 FFO (1) (4) $244.4 $253.8 AFFO (2) (4) $258.6 $248.6 Adjusted EBITDA (3) (4) $333.4 $323.1 Net income, per diluted common share and OP units (4) $0.64 $0.70 FFO, per diluted common share and OP units (4) $0.87 $0.94 AFFO, per diluted common share and OP units (4) $0.92 $0.92 ____________________
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the first quarter 2024 after market close on Wednesday, May 1, 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 (888) 632-3384 (U.S. toll-free) and reference conference ID BALYQ124. 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 p
8-K - Bally's Corp (0001747079) (Filer)
SC 13E3/A - Bally's Corp (0001747079) (Subject)
8-K - Bally's Corp (0001747079) (Filer)
8-K - Bally's Corp (0001747079) (Filer)
8-K - Bally's Corp (0001747079) (Filer)
SC 13E3/A - Bally's Corp (0001747079) (Subject)
DEFM14A - Bally's Corp (0001747079) (Filer)
SC 13E3/A - Bally's Corp (0001747079) (Subject)
PRER14A - Bally's Corp (0001747079) (Filer)
8-K - Bally's Corp (0001747079) (Filer)
SC 13D/A - Bally's Corp (0001747079) (Subject)
SC 13D - Bally's Corp (0001747079) (Subject)
SC 13D/A - Bally's Corp (0001747079) (Subject)
SC 13D/A - Bally's Corp (0001747079) (Subject)
SC 13D/A - Bally's Corp (0001747079) (Subject)
SC 13G/A - Bally's Corp (0001747079) (Subject)
SC 13G/A - Bally's Corp (0001747079) (Subject)
SC 13G - Bally's Corp (0001747079) (Subject)
SC 13G/A - Bally's Corp (0001747079) (Subject)
SC 13D/A - Bally's Corp (0001747079) (Subject)
Macquarie downgraded Bally's Corporation from Outperform to Neutral
Wells Fargo downgraded Bally's Corporation from Equal Weight to Underweight and set a new price target of $10.00
Stifel downgraded Bally's Corporation from Buy to Hold and set a new price target of $25.00 from $28.00 previously
Deutsche Bank initiated coverage of Bally's Corporation with a rating of Hold and set a new price target of $23.00
Barclays initiated coverage of Bally's Corporation with a rating of Equal Weight and set a new price target of $21.00
JMP Securities initiated coverage of Bally's Corporation with a rating of Mkt Perform
Keybanc downgraded Ballys from Overweight to Sector Weight
Jefferies downgraded Ballys from Buy to Hold and set a new price target of $38.00 from $54.00 previously
Stifel reiterated coverage of Ballys with a rating of Buy and set a new price target of $58.00 from $70.00 previously
Keybanc reiterated coverage of Ballys with a rating of Overweight and set a new price target of $65.00 from $70.00 previously
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
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
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
Seasoned CFO and strategic advisor joins Board with more than 20 years of experience leading and supporting highly regulated organizations PROVIDENCE, R.I., Jan. 17, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced the appointment of Tracy Harris as an independent member of its Board of Directors. Harris's term is effective upon receipt of regulatory approvals. As an accomplished financial executive and an expert with more than 20 years of leadership experience, Harris has extensive history helping highly regulated corporations, as well as government and no
Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., Bring Significant Technology, Distribution, Consumer Brand and Human Resources Expertise Food solutions company SpartanNash (the "Company") (NASDAQ:SPTN) today announced that, following a comprehensive board refreshment process, three new independent directors, Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., have been appointed to the Company's Board of Directors (the "Board"), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220207005303/en/Julien Mininberg (Photo: Business Wire) "Since last summer, our Board has undertaken a deliberate and
Igaming veteran tasked with leading Luckbox though anticipated player growth phase CALGARY, AB and ISLE OF MAN, Dec. 17, 2021 /PRNewswire/ - Real Luck Group Ltd. (TSXV:LUCK) (OTCQB:LUKEF) (the "Company") and its subsidiary companies doing business as "Luckbox" (the "Group"), an award-winning provider of licensed, real-money esports and sports betting, is pleased to announce the appointment of William Moore as its new Chief Financial Officer. An ACCA-qualified accountant with buy and sell-side M&A experience, Mr Moore joins Luckbox, leaving his position as CFO at Markor Techn