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) reported third-quarter financial results, showing revenue of $578.2 million and net income of $0.6 million. Adjusted EBITDA stood at $151.0 million. The company noted strong performance in its Casinos & Resorts segment due to the integration of regional properties and the addition of Tropicana Las Vegas. However, the North America Interactive division faced challenges, requiring a focus on profitable ventures. Bally's updated its 2022 guidance, forecasting revenue of approximately $2.25 billion and Adjusted EBITDA of $540 million.
Bally's Corporation (NYSE: BALY) will announce its third-quarter 2022 financial results before the market opens on November 3, 2022. Following the announcement, management will hold a conference call at 8:00 a.m. EDT to discuss the results. Interested parties can join by calling (800) 274-8461 and referencing conference ID BALYQ322. Bally's operates 15 casinos in 10 states, employing approximately 10,500 staff, and plans to expand its operations with new developments in Chicago and State College, PA.
Bally's Corporation (NYSE: BALY) has signed a Multi-Project Labor Agreement with the Chicago & Cook County Building & Construction Trades Council for its new casino in Chicago. This agreement emphasizes the company's commitment to creating good-paying jobs and reflects the diversity of the community. The $1.7 billion Bally's Chicago will feature 3,400 slots, 170 table games, a 500-room hotel, and a major entertainment center. The project aims to drive economic growth in the city while providing Bally's with the right to operate a temporary casino during construction.
Bally's Corporation (NYSE: BALY) has completed its acquisition of the Tropicana Las Vegas for $148 million in cash, payable to Gaming & Leisure Properties, Inc. (GLPI). Bally's will lease the land from GLPI for 50 years at an annual rent of $10.5 million. The Tropicana, located on a 35-acre site in Las Vegas, features 1,470 rooms, a 50,000 square foot casino, a 1,200-seat theater, and convention space. This acquisition enhances Bally's portfolio, aiming to strengthen its position in the casino-entertainment industry.
Bragg Gaming Group (NASDAQ: BRAG) has partnered with Bally’s Interactive to enhance its iGaming content offerings. This collaboration will see the launch of Bragg’s proprietary games from studios like Atomic Slot Lab and Indigo Magic across Bally's online brands, including Virgin Casino and JackpotJoy. Additionally, Bragg will distribute exclusive titles through its Remote Game Server from select Bally’s third-party partners. This strategic alliance aims to expand Bragg’s presence in key markets like the UK and U.S., enhancing player engagement with diverse gaming options.
Bally's Corporation (NYSE: BALY) has announced the retirement of Marc Crisafulli, EVP of Government Relations, Legal and Regulatory, effective September 16, 2022. Crisafulli joined in May 2019 and significantly contributed to the company's strategy, particularly in advancing important legislation in Rhode Island. His efforts were pivotal in the passage of the Marc A. Crisafulli Economic Development Act, establishing a joint venture with IGT and an economic investment plan of $250 million. Bally's management praised his contributions and leadership during his tenure.
Genius Sports has entered a significant partnership with Bally's Interactive, providing comprehensive data and streaming solutions for its sports betting platforms. This agreement includes access to exclusive data rights for major sports leagues such as NASCAR, NCAA basketball and football, and the NFL. Additionally, Genius Sports will deliver thousands of low-latency video feeds, enhancing live betting experiences for users. This partnership aims to improve operational performance and profitability for Bally's Interactive brands, including Bally Bet.
Bally's Corporation (NYSE: BALY) announced its financial results for Q2 2022, reporting revenue of $552.5 million, net income of $59.5 million, and an adjusted EBITDA of $141.2 million. While revenue increased significantly from $267.7 million in Q2 2021, net income saw a decline from $68.9 million in the prior year. The company updated its full-year revenue guidance to $2.2 billion to $2.3 billion and adjusted EBITDA guidance to $535 million to $550 million, citing foreign exchange impacts and lowered expectations for its Atlantic City property.
Bally's Corporation (NYSE: BALY) has secured marketing rights for the remainder of the 2022 Major League Baseball season as an official sports betting partner of the New York Yankees. This partnership allows Bally's to utilize Yankees trademarks and gain marketing benefits inside Yankee Stadium, including LED advertising and in-game features. The deal enhances Bally's presence in the New York market and adds to its sports and media footprint across six states. Bally's operates an omni-channel platform in online sports betting and iGaming, managing 14 casinos in 10 states.
Bally's Corporation (NYSE: BALY) announced the results of its modified Dutch Auction tender offer, which concluded on July 22, 2022. A total of 4,697,619 common shares were validly tendered at a final purchase price of $22.00 per share, amounting to an aggregate purchase price of $103,347,618. This represents approximately 8.9% of Bally's outstanding shares. All shares tendered at or below the offered price were accepted without a proration factor. Bally's also has $334.6 million available for future share repurchases.