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 Corporation (NYSE: BALY) will release its financial results for the fourth quarter and full year 2020 on March 4, 2021, before the market opens. A conference call will follow at 8:00 a.m. EST to discuss these results. Investors can join by dialing (833) 570-1160 and using conference ID 2192019. Bally's currently operates 11 casinos across seven states and has plans to expand to 15 casinos after completing acquisitions. The company employs over 5,900 staff and operates more than 13,000 slot machines.
Bally's Corporation (NYSE: BALY) announced that it has received the required consents for its consent solicitation related to the amendment of the indenture governing its 6.750% Senior Notes due 2027. The consent solicitation, which expired on February 3, 2021, achieved approximately 99.58% approval from holders of the outstanding Notes. The amendment increases the fixed dollar prong of the credit facility basket from $745 million to $975 million while keeping other terms unchanged. Holders who consented will receive a $10 fee per $1,000 principal amount of Notes.
Bally's Corporation (NYSE: BALY) has initiated a consent solicitation to amend the indenture of its 6.750% Senior Notes due 2027. This amendment seeks to increase the fixed dollar limit in the credit facility basket from $745 million to $975 million. The solicitation is open until February 3, 2021, requiring majority consent of the $525 million principal amount outstanding. Consenting holders will receive a $10 fee per $1,000 of notes, conditional upon receiving requisite consents. Deutsche Bank is the solicitation agent for this process.
Sinclair Broadcast Group and Bally's Corporation announced the launch of the new Bally Sports logo, replacing the existing FOX Sports branding for Sinclair's regional sports networks (RSNs). The rebranding aims to create a cohesive partnership and enhance the viewer experience. The transition includes new geographic names for specific RSNs and the discontinuation of some part-time channels to streamline offerings. The partnership, announced in November 2020, plans to revolutionize U.S. sports betting and gamification content, integrating Bally's unique offerings with Sinclair's live coverage.
Bally's Corporation (NYSE: BALY) announced its acquisition of Monkey Knife Fight (MKF), the third-largest daily fantasy sports operator in North America. This all-stock transaction positions Bally's as the third sports betting company to integrate a fantasy sports segment, expanding its growth strategy. MKF, with 180,000 registered users, will enhance Bally's Interactive division and support its plans in key states like California and Florida. The deal, set to close in Q1 2021, includes warrants valued at up to $50 million in Bally's shares.
Bally's Corporation (NYSE: BALY) announced a framework agreement with Ira Lubert to develop and manage a Category 4 casino in Centre County, Pennsylvania. The Pennsylvania Gaming Control Board has awarded Lubert the right to apply for a slot machine license for the casino, expected to begin construction in the first half of 2021. The project is estimated at $120 million and will feature up to 750 slot machines and 30 table games. Bally's aims to enhance its presence in the Pennsylvania gaming market, diversifying its portfolio to support growth in sports betting and iGaming.
Bally's Corporation (NYSE: BALY) has opened the FanDuel Sportsbook at Bally's Atlantic City Hotel & Casino, marking FanDuel's first retail sportsbook in Atlantic City. This temporary facility features six live odds boards, ten self-service betting kiosks, and three live betting windows. A permanent sportsbook location is under construction, expected to launch in Spring 2021, featuring 34 kiosks and a luxury lounge. The initiative is part of Bally's capital improvement projects to enhance the customer experience and leverage their gaming expertise alongside FanDuel's brand strength.
Bally's Corporation (NYSE: BALY) has announced a multi-year partnership with Elite Casino Resorts to launch mobile sports betting in Iowa, marking its entry into the state without a land-based casino. This partnership, effective in 2021, will utilize Elite's Grand Falls Casino and Golf Resort for sports betting access. The collaboration follows Bally's acquisition of the Bet.Works sportsbook technology platform. Once all acquisitions are completed, Bally's operations will expand to 11 states, enhancing its national footprint in the gaming market.
Bally's Corporation (NYSE: BALY) has entered a definitive agreement to acquire Bet.Works, a leading U.S. sports betting platform, for $125 million. The acquisition aims to integrate Bet.Works' proprietary technology into Bally's operations, enhancing its position as a full-service sports betting and iGaming company. This move aligns with Bally's growth strategy and is expected to optimize its market offerings in the rapidly expanding U.S. sports betting sector, projected to reach $12 billion by 2025. The deal is slated for completion in Q1 2021, pending regulatory approval.
Bally's Corporation (NYSE: BALY) has officially changed its name from Twin River Worldwide Holdings, Inc. as of November 9, 2020. This change aligns with its unified branding strategy and reflects the company's growth in operations and geographic presence. Bally's aims to merge physical casino experiences with digital solutions, enhancing its position as an omni-channel gaming company. The company's stock now trades under the new ticker symbol 'BALY'. Bally's operates nine casinos across five states and has plans for further acquisitions, expanding its footprint to 14 casinos in ten states.
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