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Bally's Corporation (BALY) Stock News

BALY NYSE

Bally's Corporation reports developments across casino resorts, interactive gaming, sports betting and lottery technology. The company operates Bally-branded casinos and resorts in the United States and the United Kingdom, owns the Bally Bet sportsbook and iGaming platform in North America, and holds a majority interest in Bally's Intralot S.A., a lottery solutions supplier and gaming operator.

Recurring news includes quarterly results, integration of completed portfolio transactions, casino and resort development projects in Chicago, the Bronx and Las Vegas, credit facilities, sale-leaseback transactions and debt repayment activity. Company updates also cover live entertainment partnerships at casino properties and operating trends in Casinos & Resorts, Bally's Intralot B2C and North America Interactive.

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Bally’s Corporation (NYSE: BALY) commented on a Federal Court of Australia ruling imposing a $260 million penalty on subsidiaries of The Star Entertainment Group. The penalty is payable in four installments over 19 months and concerns conduct before Bally’s investment and The Star’s current leadership.

Bally’s provides management support under an Umbrella Consultancy Agreement and remains committed to supporting The Star’s remediation and turnaround. The Star reported first-quarter fiscal 2027 Group EBITDA of A$12 million, versus negative A$13 million a year earlier. The penalty is materially in line with The Star’s 2026 provision but triggers a review under its WhiteHawk credit facility. The Star is engaging with WhiteHawk and expects the facility to remain available.

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Bally’s (BALY) closed financing led by WhiteHawk Capital Partners, receiving initial term loan funding of $400 million for its Bronx project.

The proceeds will cover certain pre-construction costs and development expenditures, with a portion used for general corporate purposes, including transaction fees and expenses incurred at closing. An additional $160 million in delayed draw term loan commitments remains available for future draws to support continued development. Bally’s expects the $4.0 billion integrated casino project to open by 2030.

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Bally’s Corporation (BALY) arranged new term loan facilities totaling $560 million to support the Bally’s Bronx project and general corporate purposes.

The financing, led by WhiteHawk Capital Partners, consists of $400 million in closing date term loan commitments and $160 million in delayed draw term loan commitments. Loan proceeds are intended primarily to fund pre-construction costs and other expenditures for the Bally’s Bronx development, with a portion available for broader corporate liquidity needs. The financing is expected to close in the third quarter of 2026, subject to regulatory approval and customary closing conditions.

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Bally’s Corporation (BALY) will hold a conference call on Monday, September 14, 2026 at 12:00 p.m. ET to provide an update on Bally’s Chicago.

Executive Chairman Soo Kim, Executive Vice President and Chief Legal Officer Kim Barker, and Wanda Wilson, Chairwoman of the Bally’s Chicago Board, will review progress and recent developments. Investors can access a live webcast and a 90-day replay via the BALLY’S CHICAGO UPDATE link or https://ballys.com, or join by phone using the listed toll-free, international numbers and conference ID.

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Bally’s Corporation (BALY) announced a Chief Financial Officer transition effective September 4, 2026, and the launch of a search for a permanent successor.

Current EVP and CFO Mira Mircheva has notified the company of her intent to resign for personal reasons. Her resignation is effective September 4, 2026, but she will remain at Bally’s through September 30, 2026 to support a seamless transition.

The Board of Directors has appointed George Papanier, President and Board member, as Interim CFO from September 4, 2026. He will retain his existing roles while leading the finance organization. Papanier brings over 40 years of gaming industry and financial experience, including prior service as President and CEO from 2011 to 2021 and as interim CFO in 2023.

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Bally’s (NYSE: BALY) reported second quarter 2026 revenue of $792.2 million, up 20.5% year-over-year. Casinos & Resorts revenue was $401.0 million (+2.0%), Bally’s Intralot B2C $243.5 million (+22.3%), North America Interactive $66.1 million (+16.9%), and Bally’s Intralot B2B $79.5 million.

Casinos & Resorts Segment Adjusted EBITDAR increased 3.4% to $109.6 million, while North America Interactive Segment Adjusted EBITDAR reached $3.0 million. Bally’s highlighted a $4.0 billion Bally’s Bronx integrated casino project, targeted to open by 2030, with a $500 million license fee and $115 million golf concession payment already made, and continued progress on its Chicago and Las Vegas developments plus a binding offer to acquire evoke plc.

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Bally’s Corporation (NYSE: BALY) will release its financial results for the second quarter ended June 30, 2026, after the market closes on Friday, August 14, 2026. The company announced the timing from its Providence, Rhode Island location.

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Bally's Corporation (NYSE: BALY) has closed its acquisition of Sam's Town Shreveport from Boyd Gaming, furthering its investment in Louisiana and expansion of its regional gaming and entertainment portfolio. The company plans to rebrand the property under the Bally’s name in the near future.

According to Bally’s, the Louisiana Gaming Control Board approved the transaction, and the company emphasized its long-term commitment to the Shreveport-Bossier market. Globally known entrepreneur Curtis “50 Cent” Jackson, an active investor in Shreveport’s entertainment district, publicly welcomed the closing and highlighted enthusiasm for future collaboration. Bally’s said it will focus on a seamless transition for team members and guests while evaluating opportunities to enhance the property’s entertainment, dining and retail offerings.

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Bally’s (NYSE:BALY) reported first quarter 2026 revenue of $755.7 million, up 28.3% year over year. Casinos & Resorts revenue was $379.7 million (+8.1%), Bally’s Intralot B2C $239.9 million (+31.0%), Bally’s Intralot B2B $74.0 million and North America Interactive $60.5 million (+35.9%).

The company entered a new $1.1 billion credit facility due 2031 and used proceeds, including from the Lincoln Casino Resort sale‑leaseback, to fully repay a $1.47 billion term loan due 2028. Major growth projects advanced in Chicago, New York’s $4.0 billion Bally’s Bronx resort and Las Vegas.

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Bally's Chicago (BALY) marked a topping-off at its permanent casino site on May 1, 2026, placing the final structural beam for a $1.7 billion riverfront development slated to open in spring 2027.

The project is expected to create approximately 3,000 permanent jobs, has employed more than 1,000 tradespeople to date, and will include a 500-room hotel, 3,400 slot machines, 173 table games, a 3,000-seat theater, 10 food-and-beverage venues, and riverfront public spaces.

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FAQ

What is the current stock price of Bally's (BALY)?

Bally's (BALY) last closed at $13.5.

What is the market cap of Bally's (BALY)?

The market cap of Bally's (BALY) is approximately $681.3M.