Welcome to our dedicated page for BALLYS news (Ticker: BALY), a resource for investors and traders seeking the latest updates and insights on BALLYS stock.
Bally's Corporation news coverage focuses on the company's activities across land-based gaming, online sports betting, and iGaming operations. The company generates news through property acquisitions, new market entries when states authorize gaming, and partnerships with sports leagues or media companies. Regulatory developments at the state level frequently impact Bally's business and produce newsworthy announcements.
News related to Bally's typically includes earnings reports detailing performance across land-based and digital segments, announcements of new gaming licenses in states that have legalized sports betting or casino gaming, and updates on property renovations or expansions. The company's acquisition activity creates headlines as it enters new geographic markets or adds properties to its portfolio. Partnership announcements with professional sports organizations, media companies, or technology providers also generate coverage.
Investors tracking Bally's news monitor developments in state legislation affecting gaming expansion, competitive dynamics as new operators enter markets, and the company's performance in customer acquisition for its online platforms. Regulatory filings provide insight into licensing approvals, compliance matters, and financial performance metrics across different operating segments. The news feed captures material events reported through 8-K filings, quarterly earnings through 10-Q reports, and significant corporate actions.
Following Bally's news helps investors understand how regulatory changes affect the company's addressable market, track the integration of acquired properties, and monitor the competitive position in both traditional casino markets and emerging digital betting markets. The news coverage provides context on an industry shaped by state-by-state regulation and evolving consumer preferences in gaming and entertainment.
Bally's Interactive announced the launch of Bally Bracket, a free-to-play game offering a jackpot prize of $100 million for correctly predicting all games in the NCAA Men's Division I Basketball Tournament. Additionally, $100,000 in random cash prizes will also be awarded. The game registration starts on March 7, 2022, with brackets available after March 13, 2022, and closing on March 17, 2022.
Bally's will leverage its media partnership with Sinclair Broadcast Group for promotional efforts.
Bally's Corporation (NYSE: BALY) reported Q4 2021 revenue of $547.7 million, an increase from $118.1 million in Q4 2020. However, the company faced a net loss of $115.3 million compared to a profit of $20.2 million in the prior year. Adjusted EBITDA rose to $119.4 million, up from $21.1 million year-over-year. Bally's outlined 2022 guidance, forecasting revenue between $2.4 billion and $2.5 billion and Adjusted EBITDA ranging from $560 million to $580 million. The company is focusing on integrating acquired assets and strategic growth initiatives.
The Special Committee of Bally's Corporation has engaged Macquarie Capital and Potter Anderson & Corroon LLP to evaluate a non-binding acquisition proposal from Standard General, submitted on January 25, 2022. No decisions regarding the proposal have been made, and there is no guarantee of any definitive offer or transaction. Bally's operates 14 casinos in 10 states and owns multiple gaming platforms and services. The company emphasizes uncertainties tied to forward-looking statements and future performance.
Paysafe (NYSE: PSFE) has launched a partnership with Bally’s Corporation (NYSE: BALY) to enhance online payments in Arizona and New Jersey. The integration allows players to deposit funds easily using credit or debit cards for Bally Bet and BallyCasino.com. The partnership aims to streamline payment acceptance and improve customer conversion rates, with plans for alternative payment methods like Skrill USA and paysafecard to be added soon. Future phases include further integrations across additional states, reflecting Paysafe's commitment to becoming a leader in the iGaming payment sector.
Bally's Corporation (NYSE: BALY) will announce its fourth quarter and full year 2021 financial results on February 24, 2022, before market opening. A conference call will follow at 8:00 a.m. EST to discuss the results. Interested parties can join by dialing (800) 459-5346 and using conference ID BALYQ42021. An audio webcast will also be available on the company's website for 120 days. Bally's operates 14 casinos across 10 states and is expanding its online sports betting and gaming operations.
The board of directors of Bally's Corporation (NYSE: BALY) has formed a special committee to assess a non-binding acquisition proposal from Standard General. The proposal, dated January 25, 2022, offers $38.00 in cash per share for all outstanding shares not already owned by Standard General. The committee will also explore other strategic alternatives. No assurances are given that a definitive offer will be made or accepted. Bally's operates 14 casinos across 10 states, with significant growth opportunities in online sports betting and iGaming.
Bally's Corporation (NYSE: BALY) has entered a landmark agreement with Major League Fishing (MLF), becoming MLF’s exclusive Sports Betting, Daily Fantasy Sports (DFS), and Free-to-Play (F2P) partner. This partnership, marking Bally's fifth with a professional sports league, includes Bally Bet as the title sponsor of the MLF Angler of the Year Award, with a prize of $100,000 for the 2022 season. Bally's will also launch two new free-to-play fantasy fishing games and stream Bass Pro Tour events through its platforms, aiming to enhance fan engagement.
Bally's Corporation (NYSE: BALY) has been awarded one of nine licenses to operate online sports betting in New York, expanding its market presence. This strategic move enables Bally's to tap into a large fan base and showcase its sports betting platform. The company aims to enhance its omni-channel gaming services and plans to operate in 16 states post-acquisitions. Chairman Soo Kim expressed optimism about serving New York's sports fans. Bally's currently owns 14 casinos and employs around 10,000 people, highlighting its growing stature in the gaming industry.
Bally's Corporation (NYSE: BALY) announced its third-quarter 2021 financial results, reporting a record revenue of $314.8 million, up 169.9% year-over-year, but incurred a net loss of $14.7 million compared to a profit of $6.7 million in the same quarter last year. Adjusted EBITDA was $78.0 million, a 105.3% increase from $38.0 million in Q3 2020. Retail Casinos revenue reached $301.6 million with net income of $49.4 million. The acquisition of Gamesys was completed on October 1, 2021, which will be included in future results.
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