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) 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.