Bally's Corp is a leading entertainment and gaming company that operates a diverse portfolio of casinos, hotels, and sports betting platforms across the United States
The company focuses on providing engaging experiences through its gaming offerings, including traditional casino games, sports wagering, and online gaming services. Bally's aims to enhance customer experiences with innovative technology and a commitment to responsible gaming. In addition, the company seeks to expand its presence in the sports entertainment industry, leveraging partnerships and branding to connect with fans and enhance its overall brand portfolio.
Gaming, betting and entertainment company Bally's Corporation (NYSEBALY)
will be announcing earnings results tomorrow after market close. Here’s what to look for.
Bally’s Corporation (NYSEBALY) announced today that it will release financial results for the fourth quarter 2024 after market close on Wednesday, March 5, 2025.
Bally’s Corporation (NYSE: BALY; BALY.T) (“Bally’s” or the “Company”) today announced the completion of the second election period for holders of shares of Bally’s common stock, par value $0.01, to submit an election (a “Rolling Share Election”) to have such shares remain outstanding following the completion of the transactions contemplated by the Agreement and Plan of Merger, dated as of July 25, 2024 (as amended, the “Merger Agreement”), by and among SG Parent LLC, Bally’s, The Queen Casino & Entertainment Inc. (“Casino Queen”) and the other parties thereto.
The past six months have been a windfall for Bally’s shareholders. The company’s stock price has jumped 52.4%, hitting $17.68 per share. This run-up might have investors contemplating their next move.
Bally’s Corporation (NYSE: BALY and BALY.T) ("Bally’s”) today announced that it has completed the previously announced sale lease-back of certain real property interests underlying Bally’s Kansas City and Bally’s Shreveport to Gaming and Leisure Properties, Inc. (NASDAQGLPI) (“GLPI”) in a transaction valued at $395 million in the aggregate, inclusive of $7 million in LP units and $388 million in cash. The sale lease-back consideration includes approximately $56 million reimbursement of prior capital expenditures at the properties, with the balance as gross sale proceeds. Bally’s will use the proceeds from the sale lease-back transaction to pay down amounts drawn against its $620 million revolving credit facility, of which $350 million was drawn as of September 30, 2024, with the balance to be allocated for capital expenditures and general corporate purposes.
Bally’s Corporation (NYSE: BALY; BALY.T) (“Bally’s” or the “Company”) today announced the opening of a new election period for holders of shares of Bally’s common stock, par value $0.01 per share, to submit an election (a “Rolling Share Election”) to have such shares remain outstanding following the completion of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of July 25, 2024 (as amended, the “Merger Agreement”), by and among SG Parent LLC, Bally’s, The Queen Casino & Entertainment Inc. and the other parties thereto.
Bally’s Corporation (NYSEBALY) (“Bally’s” or the “Company”) announced that at its Special Meeting of Stockholders held on November 19, 2024, its stockholders, including its unaffiliated stockholders, approved the adoption of its previously announced definitive merger agreement with The Queen Casino & Entertainment Inc. (“Queen”), a portfolio company majority-owned by the Company’s largest stockholder, Standard General L.P. At the Special Meeting, the Company stockholders also approved, on a non-binding advisory basis, the compensation that may or will become payable by Bally’s to its named executive officers in connection with the transactions contemplated by the merger agreement. The merger agreement has been adopted by the affirmative vote of the holders of a majority of the outstanding shares of the Company’s common stock as of the October 21, 2024 record date for the Special Meeting and the affirmative vote of the holders of a majority of the holders of the outstanding shares of the Company’s common stock as of such record date, excluding those held by Standard General L.P., Sinclair Broadcast Group, Inc., Noel Hayden and certain executive officers and a director of the company.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bally’s Corporation (NYSEBALY) to Standard General L.P. Under the terms of the proposed transaction, shareholders of Bally’s will receive $18.25 in cash for each share of Bally’s that they own. In lieu of receiving the cash consideration, Bally’s shareholders may elect to retain all or a portion of their Bally’s stock by means of a rollover election. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Wynn Resorts (NASDAQWYNN) and the best and worst performers in the casino operator industry.
Gaming, betting and entertainment company Bally's Corporation (NYSEBALY) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $630 million. Its GAAP loss of $5.10 per share was also 3,691% below analysts’ consensus estimates.
Bally’s Corporation (NYSEBALY) announced today that it will release financial results for the third quarter 2024 after market close on Wednesday, November 6, 2024.
NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Aug. 24, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Aug. 17, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Kaskela Law LLC announces that it is investigating the recently announced proposed buyout of Bally’s Corporation (“Bally’s”) (NYSEBALY) shareholders on behalf of the company’s investors.
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bally’s Corporation (“BALY” or “the Company”) (NYSEBALY). Investors who purchased BALY securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/BALY.
NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
