Bally's (BALY)
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Bally's Corporation (BALY) Reports Q1 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-05-01 23:36
Bally's Corporation (BALY) came out with a quarterly loss of $3.26 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -188.50%. A quarter ago, it was expected that this hotel casino operator would post a loss of $0.55 per share when it actually produced a loss of $0.86, delivering a surprise of -56.36%.Over the last four quarters, the ...
Bally's (BALY) - 2024 Q1 - Earnings Call Presentation
2024-05-01 22:18
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts and include statements about Bally’s Corporation’s (“Bally’s”) plans, objectives, expectations and intentions. Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking statements are based on Bally’s current expectations and assumptions. Although Bally’ ...
Bally's (BALY) - 2024 Q1 - Quarterly Results
2024-05-01 20:06
Exhibit 99.1 BALLY'S CORPORATION ANNOUNCES FIRST QUARTER 2024 RESULTS PROVIDENCE, R.I., - May 1, 2024 - Bally's Corporation (NYSE: BALY) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights • Company-wide revenue of $618.5 million, an increase of 3.3% year-over-year • Casinos & Resorts revenue of $342.3 million, up 4.1% year-over-year • International Interactive revenue of $234.7 million, down (4.4)% year-over-year • North America Interactive r ...
Bally's Atlantic City Celebrates 45th Anniversary
Newsfilter· 2024-04-17 14:00
Atlantic City, NJ, April 17, 2024 (GLOBE NEWSWIRE) -- Bally's Atlantic City is thrilled to commemorate its 45th Anniversary by introducing a range of new amenities and special offerings designed to enhance the guest experience. Building upon the successful completion of over $100 million in renovations in the summer of 2022, Bally's is excited to announce additional improvements that will take the customer experience to new heights. These enhancements are aimed at providing guests with even more exciting an ...
Bally's shareholders wage battle over ownership, 'unfunded development projects'
CNBC· 2024-04-02 12:03
In this articleBALYAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. At stake: ownership, its status as a publicly traded company and its highest-profile projects.Bally's Chairman Soo Kim and Standard General, the private equity fund he founded, last month made a bid to take the company private at $15 per ...
Bally's (BALY) - 2023 Q4 - Annual Report
2024-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38850 | --- | --- | --- | --- | --- | |-----------------------------|-------|-------|-------------------------------|-------| | | | | | | | Exchange Act. | | | | | | ...
Bally's Forms Special Committee to Evaluate Preliminary, Non-Binding Acquisition Proposal by Standard General
Businesswire· 2024-03-12 14:43
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Bally’s Corporation (NYSE: BALY) today announced that it has formed a special committee of independent and disinterested directors that is authorized, among other things, to evaluate the preliminary, non-binding proposal, dated March 11, 2024, by Standard General to acquire all of the outstanding shares of Bally’s that it does not already own for $15.00 in cash per share, as well as any potential strategic alternatives to the proposal. A copy of ...
Bally's Stock Soars Nearly 30% on New Takeover Bid from Hedge Fund
Investopedia· 2024-03-11 21:35
Key TakeawaysBally's Corp. shares took off Monday, soaring almost 30%, after hedge fund Standard General made a new bid to take over the casino operator.Standard General offered $15 per share for Bally's, a 41% premium from Friday's closing price and above Monday's $13.64 close.The hedge fund had made a $38-a-share bid for the company in January 2022, which was rejected. Bally’s Corp. (BALY) shares skyrocketed almost 30% after hedge fund Standard General offered to buy the rest of the shares of the casino o ...
Bally's (BALY) - 2023 Q4 - Earnings Call Presentation
2024-02-22 01:11
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts and include statements about Bally’s Corporation’s (“Bally’s”) plans, objectives, expectations and intentions. Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking statements are based on Bally’s current expectations and assumptions. Although Bally’ ...
Bally's (BALY) - 2023 Q4 - Earnings Call Transcript
2024-02-22 01:11
Start Time: 16:30 January 1, 0000 5:21 PM ET Bally's Corporation (NYSE:BALY) Q4 2023 Earnings Conference Call February 21, 2024, 16:30 PM ET Company Participants Jaymin Patel - Vice Chairman Robeson Reeves - CEO George Papanier - President Marcus Glover - EVP and CFO Charlie Diao - SVP, Finance and Corporate Treasurer Conference Call Participants Barry Jonas - Truist Securities Jeff Stantial - Stifel Jordan Bender - JMP Securities Chad Beynon - Macquarie Jonnathan Navarrete - TD Cowen David Katz - Jefferies ...