BALLYS Stock Price, News & Analysis

Bally's Corporation (NYSE: BALY) is set to announce its first-quarter financial results for 2023 on May 9, 2023, prior to market opening. A conference call will follow at 10:00 a.m. EDT to discuss these results. Investors can join the call by dialing (800) 267-6316 and using conference ID BALYQ123. An online audio webcast will also be available via the Investor Relations section of the company's website, with an archive for 120 days.

Bally's operates 15 casinos across 10 states and is expanding its online sports betting and iGaming offerings. With a workforce of 10,500 employees, the company operates approximately 15,000 slot machines and 600 table games. Following upcoming developments, Bally's will manage 17 casinos in 11 states.

Bally's Corporation (NYSE: BALY) has officially opened a new 40,000-square-foot gaming area at the Twin River Lincoln Casino Resort, marking a significant expansion of its facilities. This development is part of the Marc A. Crisafulli Economic Development Act signed into law in 2021. The expansion includes 355 slot machines, 57 table games, and 27 stadium-style games, representing a $100 million investment aimed at boosting revenue for Rhode Island. Governor McKee and other officials praised Bally's for its continued contributions to the local economy and workforce. Additionally, Bally's recently opened Spa Light, a 14,000-square-foot Korean-inspired spa, enhancing its offerings to visitors.

Bally's Corporation (NYSE: BALY) has announced a groundbreaking multi-year partnership with Minor League Baseball (MiLB), becoming the first National Media Rightsholder and Exclusive Fantasy & Gaming Partner. This agreement grants Bally's live broadcast rights and exclusive free-to-play gaming content across digital platforms. The partnership also involves the Bally Live™ platform, enhancing fan engagement with features like chat and watch parties, covering over 7,000 live games without blackout restrictions. Bally's rewards program, Bally Bucks™, will incentivize fan participation. This collaboration aims to enhance the experience for MiLB's 30 million fans.

Bally's Corporation (NYSE: BALY) reported Q4 and full year 2022 results, highlighting a revenue of $576.7 million for Q4 and $2.3 billion for the year. Despite this growth, the company faced a net loss of $487.5 million in Q4, due primarily to non-cash impairment charges of $464.0 million. Adjusted EBITDA stood at $145.8 million for Q4 and $548.5 million for the year. The company anticipates a revenue range of $2.5 billion to $2.6 billion for 2023, while maintaining a focus on profitability in their North American Interactive segment.