Bally's (US:BALY)2022-08-05 17:41Business Overview - Bally's is the 3 regional casino network in the US[5], with 17 casino properties in 11 states[7, 38, 42] - The company aims to create a unified gaming experience through a single wallet powering cashless gaming and integrated play across physical and online betting[33] - Bally's is focused on acquiring, engaging, and retaining customers through a frictionless journey and continuous engagement[18] Financial Performance and Projections - Gamesys' revenue evolved from $89 million in FY 2010 to $1083 million in FY 2021, a CAGR of 25.5%[45] - The company projects $2.2-$2.3 billion in sales and $535-$550 million in Adjusted EBITDA for 2022[54] - Bally's anticipates $380-$385 million EBITDAR from Casinos & Resorts in 2022[54] - The company expects to generate $226 million in Free Cash Flow in 2022[56] Strategic Initiatives - Bally's acquired Bally's Atlantic City in November 2020 for $25 million and committed to invest $100 million[14] - The company is developing Bally's Chicago, with an initial facility opening in June 2023 and a permanent facility in June 2026, expecting 4.5 million admissions annually[29, 31] - Bally's is acquiring Tropicana Las Vegas, expected to close in the Third Quarter 2022[34] - The company has market sports betting access in 19 states and is growing[42] Share Information - Common Shares Outstanding as of July 29, 2022: 47,900,321[49] - Total Fully Diluted Shares Outstanding: 60,941,957[50]