FinancingBally's has secured a major financing commitment from its real estate partner, Gaming and Leisure Properties, covering nearly all the $1.4 billion needed for its Chicago casino project.

Merger And ExpansionBally's shareholders have approved a merger with QC&E, which will add four casinos in three states, expanding Bally's footprint to 19 facilities across 11 states.

Project FundingSignificant project funding will be achieved through a $395 million sale-leaseback of Bally's Kansas City and Shreveport properties, enhancing financial flexibility.

Bears Say

Earnings EstimatesEstimates come down to reflect continued headwinds in C&R and Int'l.

Financial LeverageLease-adjusted leverage will hover around 6.5x through the completion of Chicago, making BALY the most levered company in the gaming coverage over that time span.

Investor SentimentInvestors are not expected to give the company credit for the outlook into 2027 due to the macro backdrop, questions still remaining in Las Vegas, and the risk to underlying execution.

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Financials

Annual

Income Statement >

Options Prices

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Ownership Overview

29.14% Insiders

8.35% Mutual Funds

43.45% Other Institutional Investors

11.22% Public Companies and

Individual Investors

Detailed Ownership Overview >

Risk Analysis

Main Risk Category

Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

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Website Traffic

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There is no website visitor data available for this stock.

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BALY FAQ

What was Bally's Corporation’s price range in the past 12 months?

Bally's Corporation lowest stock price was $9.74 and its highest was $18.15 in the past 12 months.

What is Bally's Corporation’s market cap?

Bally's Corporation’s market cap is $737.29M.

When is Bally's Corporation’s upcoming earnings report date?

Bally's Corporation’s upcoming earnings report date is Feb 20, 2025 which is in 20 days.

How were Bally's Corporation’s earnings last quarter?

Bally's Corporation released its earnings results on Nov 06, 2024. The company reported -$5.1 earnings per share for the quarter, missing the consensus estimate of -$0.261 by -$4.839.

Is Bally's Corporation overvalued?

According to Wall Street analysts Bally's Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Bally's Corporation pay dividends?

Bally's Corporation pays a Semiannually dividend of $0.1 which represents an annual dividend yield of N/A. See more information on Bally's Corporation dividends here

What is Bally's Corporation’s EPS estimate?

Bally's Corporation’s EPS estimate is -0.71.

How many shares outstanding does Bally's Corporation have?

Bally's Corporation has 40,666,843 shares outstanding.

What happened to Bally's Corporation’s price movement after its last earnings report?

Bally's Corporation reported an EPS of -$5.1 in its last earnings report, missing expectations of -$0.261. Following the earnings report the stock price went up 0.397%.

Which hedge fund is a major shareholder of Bally's Corporation?

Among the largest hedge funds holding Bally's Corporation’s share is Standard General L.P.. It holds Bally's Corporation’s shares valued at 183M.

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Bally's Corporation Stock Smart Score

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Fundamentals

Return on Equity

-319.37%

Trailing 12-Months

Asset Growth

-7.55%

Trailing 12-Months

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Company Description

Bally's Corporation

Twin River Worldwide Holdings, Inc. engages in the ownership, management, and operation of casino hotels. It operates through the following segments: Rhode Island, Biloxi, and Other. The Rhode Island segment consists of the operations of Twin River Casino Hotel and Tiverton Casino Hotel. The Biloxi segment represents Hard Rock Biloxi. The Other segment includes Mile High USA. The company was founded on March 1, 2004 and is headquartered in Lincoln, RI.

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BALY Earnings Call

Q3 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call highlighted strong growth in the North America Interactive segment and progress in development projects like the Chicago casino. However, these positives were offset by challenges in the Casinos & Resorts segment, including revenue declines and specific market headwinds. Despite significant achievements in the Interactive segments and development projects, the overall financial performance faced notable challenges.Read More>

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