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 (NYSE: BALY) generates a steady flow of news related to its casino-entertainment operations, interactive gaming platforms, capital structure and large-scale development projects. This news page aggregates coverage of BALY, drawing from company press releases and regulatory disclosures to highlight material developments affecting the business and its stock.
Readers can expect updates on Casinos & Resorts performance, including revenue trends across Bally’s regional and destination properties, as reported in its quarterly earnings releases. The company’s communications also cover progress on major projects such as the permanent Bally’s Chicago casino and resort, the planned Bally’s Las Vegas integrated resort on the former Tropicana site, and proposed development of a casino and resort in the Bronx, New York, all of which feature prominently in recent announcements.
Bally’s news flow also reflects its interactive and lottery-related strategy. Articles discuss the International Interactive and North America Interactive segments, the sale of Bally’s International Interactive business to Intralot S.A., and Bally’s resulting majority shareholding in Intralot. These items provide context on how Bally’s is reshaping its digital footprint and capitalizing on lottery and iGaming opportunities.
Capital markets and financing updates are another recurring theme. Press releases and corresponding Form 8-K filings describe amendments to the revolving credit facility, incremental revolving commitments, term loan commitment letters, and the planned sale and leaseback of the Twin River Lincoln Casino Resort, along with intended debt reduction. In addition, event-focused stories, such as the TBL Team Boxing League’s televised open boxing combine at Bally’s Atlantic City, show how the company’s properties serve as venues for sports and entertainment experiences.
Investors, analysts and gaming industry followers can use this BALY news page to monitor earnings reports, transaction announcements, financing developments and property-level initiatives, and to track how these disclosures may relate to Bally’s strategic direction and operational performance over time.
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.
Bally's Corporation (NYSE: BALY) has proposed a $1.6 billion investment to establish Bally's Chicago, a flagship entertainment resort. The project aims to create a casino, hotel, and entertainment venue, emphasizing local ownership and minority participation. Two potential sites have been suggested, with the first phase featuring 2,700 slot machines and 95 table games. A temporary facility will operate during construction. Bally's aims to leverage airport visitors and generate tax revenue, focusing on equitable community investments and diverse hiring practices.
Bally's Corporation (NYSE: BALY) will announce its third quarter 2021 financial results on November 4, 2021 before the market opens. A conference call will be held at 10:00 a.m. EDT to discuss the results, accessible by dialing (877) 876-9176 and using conference ID BALYQ32021. Bally's operates 14 casinos across 10 states and is expanding its presence in online sports betting and iGaming. The company's shares are traded under the ticker symbol BALY.
Bally's Corporation (NYSE: BALY) has partnered with the Nashville Predators, becoming their Official Sports Betting Partner through 2025. This marks Bally's first collaboration with an NHL team and in Tennessee. The partnership grants Bally's rights to Predators' logos and content. A key initiative is the Smashville Selector, a free-to-play game app for fans to answer predictive questions about games, offering prizes. Bally's aims to leverage the Predators’ fan engagement as they prepare to launch their sportsbook app in Tennessee in 2022.
Bally's Corporation has entered an exclusive partnership with PepsiCo, making it the official beverage provider across all Bally's casinos and resorts in the U.S. This collaboration includes more than 14 properties in 10 states and focuses on enhancing guest experiences with a broad range of PepsiCo beverages like Pepsi Zero Sugar and Mountain Dew. The partnership aims to create a comprehensive hospitality offering that spans restaurants, food courts, and vending machines, fully starting by the end of October 2021.
Bally's Corporation (NYSE: BALY) has announced an increase in its share repurchase authorization to $350 million. This decision follows the acquisition of Gamesys and a comprehensive $4.065 billion debt package, aiming to enhance capital allocation flexibility and long-term shareholder value. The company emphasizes its strong balance sheet and substantial free cash flow, enabling it to regularly evaluate capital opportunities, including share buybacks. Repurchases will be conducted through various methods while maintaining discretion on the program's continuation.
Bally's Corporation (NYSE: BALY) has successfully finalized its acquisition of Gamesys Group plc, a prominent online gaming operator based in the UK. This merger positions Bally's as a leading global omni-channel gaming company, enhancing its interactive offerings in North America, including real-money gaming in Online Sports Betting and iGaming. The integration of player databases will create substantial cross-sell opportunities across various gaming sectors. Former Gamesys CEO Lee Fenton will now lead Bally's as CEO, marking a new era for the company.
Bally's Corporation (NYSE: BALY) has announced the acquisition of Telescope Inc., a leader in real-time audience engagement solutions for live events and interactive livestreams. The integration aims to enhance Bally's interactive offerings and attract a younger demographic. Senior VP Adi Dhandhania emphasized the potential for innovative engagement tools across Bally's platforms. Telescope, with over 19 years of experience, is recognized for delivering immersive participation initiatives and holds several industry accolades, including multiple Guinness World Records.