Ballys Corporation Stock News

Bally's remains overleveraged with a debt/EBITDA ratio of 11.3x, despite recent financing and the Star Entertainment deal reducing upfront capital needs. Q1 results showed mixed performance: declining casino and international revenues, modest North America iGaming growth, and continued negative operating cash flow. The Star Entertainment acquisition could provide international expansion, but co...

It's been a mostly bullish earnings season for casino stocks with names like MGM Resorts International NYSE: MGM and Las Vegas Sands Corp. NYSE: LVS having posted solid earnings. But the third time wasn't a charm for Bally's Corp. NYSE: BALY.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) (“Bally's” or the “Company”) today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Highlights Completed previously announced transactions with Standard General and The Queen Casino & Entertainment (“Queen”) Company-wide revenue of $589.2 million, a decrease of 4.7% year over ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) announced today that it will release its financial results for the first quarter ended March 31, 2025 after the market closes on Monday, May 12, 2025. About Bally's Corporation Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 19 casinos acr...

PROVIDENCE, R.I., April 7, 2025 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) ("Bally's" or the "Company") today announced that it has entered into a binding term sheet with The Star Entertainment Group Limited (ASX: SGR) ("The Star") comprising a multi-tranche issuance of subordinated convertible notes and subordinated debt (together the "Notes") with an aggregate principal value of AUD $30...

Bally's has seen significant growth through acquisitions, but is burdened by high debt, impacting profitability and making it a risky investment. Despite expanding into iGaming and international markets, Bally's struggles with profitability, reporting a net loss of $567.8 million in FY 2024. The company's EV/EBITDA ratio is significantly higher than industry peers, indicating overvaluation and ...

PROVIDENCE, R.I. , March 11, 2025 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Mira Mircheva has been appointed as Executive Vice President ("EVP") and Chief Financial Officer ("CFO"), subject to regulatory approvals.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) today reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Results and Operating Highlights Company-wide revenue of $580.4 million, a decrease of 5.1% year over year Casinos & Resorts revenue of $324.4 million, down 5.2% year over year U.K. online revenue grew 11.3% while ...