Bally's Corporation (BALY) AI Stock Analysis

• Market Cap: $748.74M
• Dividend Yield: N/A
• Average Volume (3M): 134.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: 0.36%
• EPS Growth: 47.55%
• Country: US
• Employees: 10,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -1.70
• Shares Outstanding: 49,162,136
• 10 Day Avg. Volume: 164,492
• 30 Day Avg. Volume: 134,339
• PEG Ratio: >-0.01
• Price to Book (P/B): 28.06
• Price to Sales (P/S): 0.35
• P/FCF Ratio: -10.10
• Enterprise Value/Market Cap: 7.90
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 4.52
• Enterprise Value/Ebitda: 14.38
• 1Y Price Target: $16.33
• Price Target Upside: 8.65% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $16.50 ▲(9.78% Upside)

Bally's Corporation's overall stock score is driven by significant financial challenges and a weak valuation. However, recent corporate events provide a positive outlook by improving liquidity and strategic positioning. Technical analysis shows mixed signals, contributing to a moderate overall score.

Positive Factors

North America Interactive Growth

The strong growth in the North America Interactive segment indicates successful market expansion and product adoption, which can drive long-term revenue growth and enhance Bally's competitive position in the digital gaming space.

Chicago Development Progress

The development of a major casino in Chicago represents a strategic expansion into a key market, potentially boosting Bally's market presence and revenue streams through increased customer engagement and tourism.

New York City Casino Bid Win

Winning the bid to operate a casino in New York City positions Bally's to capitalize on a lucrative market, enhancing its brand visibility and long-term revenue potential in a major urban center.

Negative Factors

High Leverage

The high leverage indicated by the debt-to-equity ratio poses a risk to financial stability, potentially limiting Bally's ability to invest in growth opportunities and manage economic downturns effectively.

Declining Profitability

Declining profitability reflects operational inefficiencies and cost management challenges, which could hinder Bally's ability to sustain growth and maintain competitive advantage over the long term.

Revenue Decline in Casinos & Resorts

The revenue decline in the Casinos & Resorts segment highlights ongoing operational challenges, which may impact Bally's core business performance and necessitate strategic adjustments to regain growth momentum.

Bally's Corporation Business Overview & Revenue Model

Company Description

Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence, currently owning and managing 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to OSB licenses in 18 states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally’s Interactive International, formerly Gamesys Group, a leading, global, interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. With 10,600 employees, the Company’s casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms. Bally’s also has rights to developable land in Las Vegas post the closure of the Tropicana. Upon completion of the announced merger with The Queen Casino & Entertainment Inc. (“Queen”), the above portfolio is expected to be supplemented with four additional casinos across three states, one of which will be an additional state that expands Bally’s jurisdiction of operations to include the state of Iowa. Queen will also add over 900 employees, and operations that currently include approximately 2,400 slot machines, 50 table games, and 150 hotel rooms to the Bally’s portfolio. Bally’s will also become the successor of Queen’s significant economic stake in a global lottery management and services business through its investment in Intralot S.A. (ATSE: INLOT).

How the Company Makes Money

Bally's Corporation generates revenue through several key streams. Primarily, the company earns money from its portfolio of casino and resort properties, where it offers gaming activities, hospitality services, food and beverage sales, and entertainment amenities. Additionally, Bally's capitalizes on the growing market of online gaming and sports betting through its interactive platforms, which include digital casino games and online sports wagering. The company's earnings are further enhanced by strategic partnerships and acquisitions that expand its market reach and service offerings. These partnerships often involve collaborations with technology providers, gaming software developers, and media companies to enhance their digital and interactive segments. Together, these revenue streams and partnerships contribute significantly to Bally's financial performance.

Bally's Corporation Financial Statement Overview

Summary

Bally's Corporation faces significant financial challenges with a low gross profit margin, negative net profit margin, and high financial leverage. Despite slight revenue growth and improved EBITDA margins, the overall financial health is concerning due to high debt levels and ongoing losses.

Income Statement

Bally's Corporation shows a mixed performance in its income statement. The TTM gross profit margin is relatively low at 12.4%, indicating pressure on profitability. The net profit margin is negative, reflecting ongoing losses. However, there is a slight revenue growth of 1.36% in the TTM, which is a positive sign. The EBIT and EBITDA margins show improvement in the TTM compared to previous years, but the company still faces challenges in achieving profitability.

Balance Sheet

The balance sheet reveals significant financial leverage, with a high debt-to-equity ratio of 3.44 in the TTM, indicating potential risk. The return on equity is negative, reflecting losses and poor returns for shareholders. The equity ratio is low, suggesting limited asset backing by equity. Overall, the balance sheet indicates financial instability and high leverage.

Cash Flow

Cash flow analysis shows challenges with negative free cash flow growth and a low operating cash flow to net income ratio. The free cash flow to net income ratio is slightly positive, indicating some ability to cover net losses with free cash flow. However, the overall cash flow position is weak, with negative free cash flow in the TTM.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.52B	2.45B	2.45B	2.26B	1.32B	372.79M
Gross Profit	1.31B	1.33B	1.34B	1.25B	787.36M	234.12M
EBITDA	411.26M	137.39M	448.33M	54.86M	143.64M	25.67M
Net Income	-591.05M	-567.75M	-187.50M	-425.55M	-114.70M	-5.49M
Balance Sheet
Total Assets	7.55B	5.86B	6.86B	6.30B	6.55B	1.93B
Cash, Cash Equivalents and Short-Term Investments	239.91M	171.23M	163.19M	212.51M	206.19M	128.12M
Total Debt	5.63B	4.94B	5.07B	4.52B	3.98B	1.16B
Total Liabilities	7.03B	5.83B	6.23B	5.49B	4.94B	1.60B
Stockholders Equity	521.55M	30.90M	635.43M	805.82M	1.61B	326.60M
Cash Flow
Free Cash Flow	-273.33M	-85.83M	-122.87M	-141.28M	-79.98M	4.22M
Operating Cash Flow	-72.17M	114.00M	188.61M	270.97M	82.75M	19.50M
Investing Cash Flow	35.51M	97.83M	-207.79M	-302.92M	-2.30B	-444.85M
Financing Cash Flow	35.35M	-287.84M	65.75M	43.24M	2.40B	366.40M

Bally's Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BALY, the sentiment is Negative. The current price of 15.03 is below the 20-day moving average (MA) of 16.45, below the 50-day MA of 16.72, and above the 200-day MA of 13.03, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 39.01 is Neutral, neither overbought nor oversold. The STOCH value of 30.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BALY.

Bally's Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSE	69 Neutral	$233.99M	4.45	―	―	4.03%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GAMB	60 Neutral	$169.47M	80.40	1.46%	―	24.21%	-92.49%
GDEN	57 Neutral	$707.58M	144.78	1.15%	3.71%	-12.25%	-84.89%
CDRO	56 Neutral	$366.26M	67.49	23.16%	―	1.79%	―
FLL	51 Neutral	$87.41M	-2.14	-121.54%	―	7.45%	5.03%
BALY	48 Neutral	$748.74M	-1.90	-114.88%	―	0.36%	47.55%

Bally's Corporation Corporate Events

Bally’s Corporation Secures $1.1 Billion Financing Commitment

On December 8, 2025, Bally’s Corporation announced an amended and restated commitment letter to increase its financing commitments to $1.1 billion, comprising a $600 million initial term loan and a $500 million delayed draw term loan. This financial maneuver is supported by Ares Management Credit funds, King Street Capital Management, and TPG Credit, with the completion expected in the first quarter of 2026. The proceeds will support general corporate purposes, including the repayment of existing loans and payment of New York State casino license fees. This move is anticipated to strengthen Bally’s liquidity and support its strategic growth in online gaming, casino portfolio, and resort developments.

The most recent analyst rating on (BALY) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on Bally’s Corporation stock, see the BALY Stock Forecast page.

Bally’s Corporation Extends Twin River Agreement to 2028

Bally’s Corporation announced an amendment to a Contribution Agreement involving its Twin River Lincoln Casino & Hotel, originally set for October 1, 2026, now extended to October 1, 2028. This extension allows more time for the company and its subsidiaries to prepare for the potential transfer of the facility to GLP Capital, L.P., impacting future strategic operations and stakeholder interests.

The most recent analyst rating on (BALY) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Bally’s Corporation stock, see the BALY Stock Forecast page.