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 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.
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.