Bally's Corporation (BALY)
NYSE:BALY
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Bally's Corporation
(NYSE:BALY)
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Rating:47Neutral
Price Target:
$15.00
▲(26.37% Upside)
Action:Reiterated
Date:06/12/26
The score is held down primarily by weak financial performance—large losses, high leverage, and negative operating/free cash flow—despite modest revenue growth. Technicals are supportive with a trend above major moving averages and positive MACD, but overbought signals temper the outlook. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Top-line growth & stable gross margin
Consistent TTM revenue growth with a stable ~43% gross margin indicates resilient core casino/hospitality economics and effective revenue mix. This supports durable cash-generating potential from operations as visitation and gaming volumes normalize, sustaining core profitability drivers over months.
Negative Factors
Heavy leverage
Very high debt relative to equity materially limits financial flexibility and raises refinancing and interest-rate vulnerability. For a cyclical consumer-facing business, this leverage increases downside risk during weaker visitation periods and constrains strategic investments over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line growth & stable gross margin
Consistent TTM revenue growth with a stable ~43% gross margin indicates resilient core casino/hospitality economics and effective revenue mix. This supports durable cash-generating potential from operations as visitation and gaming volumes normalize, sustaining core profitability drivers over months.
Read all positive factors
Bally's Corporation (BALY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$728.85M
Dividend YieldN/A
Average Volume (3M)134.34K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth16.60%
EPS Growth-75.69%
CountryUS
Employees10,000
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-13.53
Shares Outstanding48,948,795
10 Day Avg. Volume164,492
30 Day Avg. Volume134,339
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.01
Price to Sales (P/S)0.38
P/FCF Ratio-3.64
Enterprise Value/Market Cap3.29
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit1.90
Enterprise Value/Ebitda6.68
Forecast
1Y Price Target
$12.25Price Target Upside3.20% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-6.29
Revenue Forecast (FY)$3.14B
Bally's Corporation Business Overview & Revenue Model
Company Description
Bally's Corporation functions as a worldwide entertainment provider, primarily focused on casinos, and is continually expanding its reach across numerous platforms. Its current operational base in the United States encompasses 15 casinos spread ac...
How the Company Makes Money
Bally’s makes money primarily by operating casino and entertainment properties and, to a smaller extent, through interactive (online) gaming.
1) Casino and resort operations (core revenue stream)
- Casino gaming revenue: The largest source of rev...
Bally's Corporation Earnings Call Summary
Earnings Call Date:Nov 06, 2024
(Q3-2024)
| Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed performance for Bally's Corporation. While there were significant achievements such as strong growth in the North America Interactive segment and successful operations in the UK, there were notable challenges, including revenue declines in certain segments and specific regional difficulties in Rhode Island and Atlantic City. The company is focused on strategic developments and operational improvements to enhance future growth.Positive Updates
North America Interactive Revenue Growth
The North America Interactive segment experienced a 55% increase in revenue, reaching $46 million. This growth was driven by strong performance in iGaming operations, particularly in Rhode Island, contributing $9.7 million in gross gaming revenue.
Negative Updates
Revenue Decline in International Interactive Segment
The International Interactive segment experienced a 5% decline in revenue, primarily due to underperformance outside the UK.
Read all updates
Q3-2024 Updates
Positive
Negative
North America Interactive Revenue Growth
The North America Interactive segment experienced a 55% increase in revenue, reaching $46 million. This growth was driven by strong performance in iGaming operations, particularly in Rhode Island, contributing $9.7 million in gross gaming revenue.
Read all positive updates
Company Guidance
During Bally’s Corporation's third-quarter 2024 earnings call, the company provided guidance on several key metrics and strategic developments. Overall, third-quarter revenue slightly decreased by less than 1% year-over-year to $630 million, with notable performance variations across segments. The North America Interactive segment experienced significant growth, with a 55% increase in revenue, while the Casinos & Resorts segment saw a 2% decline, primarily due to challenges in Rhode Island and Atlantic City. The International Interactive segment faced a 5% revenue decline, although the UK operations alone reported a 12% increase. Adjusted EBITDA margins improved by approximately 400 basis points for the International Interactive segment, reflecting operational efficiency. The company plans to continue expanding its North America Interactive business, aiming for positive EBITDA. Bally’s also shared updates on its development projects, including the flagship casino in Chicago, expected to open in September 2026, and its strategic efforts in Las Vegas and New York. The acquisition of Aspers Casino Newcastle aims to enhance Bally's UK presence, leveraging its online player database for increased engagement. Additionally, the company is restructuring its operations in Asia and other markets to focus on high-margin licensing revenue. The call emphasized Bally's commitment to improving efficiency and profitability while navigating market-specific challenges.Bally's Corporation Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.82B | 2.66B | 2.45B | 2.45B | 2.26B | 1.32B |
| Gross Profit | 1.26B | 1.14B | 1.33B | 1.34B | 1.25B | 787.36M |
| EBITDA | 359.28M | 344.23M | 341.30M | 310.23M | 470.24M | 290.71M |
| Net Income | -846.50M | -701.10M | -567.75M | -187.50M | -425.55M | -114.70M |
Balance Sheet | ||||||
| Total Assets | 10.93B | 11.23B | 5.86B | 6.86B | 6.30B | 6.55B |
| Cash, Cash Equivalents and Short-Term Investments | 559.30M | 798.42M | 171.23M | 163.19M | 212.51M | 206.19M |
| Total Debt | 2.30B | 6.43B | 4.94B | 5.07B | 4.52B | 3.98B |
| Total Liabilities | 8.59B | 8.69B | 5.83B | 6.23B | 5.49B | 4.94B |
| Stockholders Equity | 791.34M | 994.66M | 30.90M | 635.43M | 805.82M | 1.61B |
Cash Flow | ||||||
| Free Cash Flow | -374.31M | -275.49M | -85.83M | -122.87M | -141.28M | -79.98M |
| Operating Cash Flow | -198.04M | -91.20M | 114.00M | 188.61M | 270.97M | 82.75M |
| Investing Cash Flow | 1.98B | 1.82B | 97.83M | -207.79M | -302.92M | -2.30B |
| Financing Cash Flow | -1.40B | -1.04B | -287.84M | 65.75M | 43.24M | 2.40B |
Bally's Corporation Technical Analysis
Neutral
11.87
Price Trends
12.69
Positive
13.03
Positive
14.04
Negative
Market Momentum
0.57
Negative
49.96
Neutral
62.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BALY, the sentiment is Neutral. The current price of 11.87 is below the 20-day moving average (MA) of 13.61, below the 50-day MA of 12.69, and below the 200-day MA of 14.04, indicating a neutral trend. The MACD of 0.57 indicates Negative momentum. The RSI at 49.96 is Neutral, neither overbought nor oversold. The STOCH value of 62.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BALY.
Bally's Corporation Risk Analysis
Bally's Corporation disclosed 4 risk factors in its most recent earnings report. Bally's Corporation reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bally's Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $454.70M | 198.93 | 7.85% | ― | 6.33% | -150.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $216.34M | -13.69 | 147.77% | ― | 1.31% | -123.26% | |
53 Neutral | $110.25M | -2.72 | -473.31% | ― | 1.53% | 3.65% | |
47 Neutral | $728.85M | -0.97 | -115.26% | ― | 16.60% | -75.69% | |
46 Neutral | $85.29M | -1.83 | -37.13% | ― | 19.23% | -232.12% |
* Consumer Cyclical Sector Average
BALY
Bally's Corporation
13.56
4.23
45.34%
FLL
Full House Resorts
2.90
-0.36
-11.04%
INSE
Inspired Entertainment
8.13
0.64
8.54%
CDRO
Codere Online
9.80
1.95
24.84%
GAMB
Gambling.com
2.36
-9.49
-80.08%
Bally's Corporation Corporate Events
M&A TransactionsPrivate Placements and Financing
Bally’s Backs Intralot’s All-Share Acquisition of Evoke
Positive
Jun 11, 2026
On June 5, 2026, Bally’s Intralot S.A., majority-owned by Bally’s Corporation, and London-listed Evoke PLC agreed on terms for a recommended all-share acquisition of Evoke, to be implemented via a Gibraltar scheme of arrangement. Evoke...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Bally’s Shareholders Approve Directors, Auditor and Incentive Plan
Positive
May 20, 2026
Bally’s Corporation held its 2026 Annual Meeting of Shareholders virtually on May 19, 2026, with 44.6 million of 48.7 million eligible shares represented, and shareholders re-elected directors Jeffrey W. Rollins and George T. Papanier to new...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.