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Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]
Casino
November 7, 2024
Bally’s Q3 2024 Shows Slight Revenue Drop, Yet Strong Market Position Remains
Bally’s Corporation has shared its financial results for the third quarter of 2024 showing a small drop in revenue but keeping its market strength amid ongoing growth and hurdles. Bally’s Reports $630M Q3 Revenue, Highlights Growth Amid Mixed Regional Results The casino and entertainment company reported total revenue of $630 million for the three months […]
Business
November 4, 2024
Bally’s Unloading Asia Digital Gaming Division
A Form 8-K filing with the Securities and Exchange Commission has detailed the company’s plans for its Asian gaming division, with the company not expecting the deal to have a “neutral” impact on its earnings before interest, taxes, depreciation, and amortization or EBITDA. Bally’s Sheds Asian Business to Refocus Operations Bally’s is selling the division […]
Casino
October 28, 2024
College Township Prepares Impact Study for Nittany Mall Casino
College Township is taking proactive steps to assess the potential effects of the upcoming Nittany Mall mini-casino by initiating a comprehensive impact study. The $120 million casino, opening in 2026, will house 750 slot machines, 30 table games, and a sportsbook in the State College area, necessitating a thorough understanding of the development’s social and […]
Casino
October 23, 2024
Bally’s Aims to Open Vegas Casino Together with A’s Ballpark in 2028
Bally’s Corp. has reaffirmed its commitment to complete the first phase of its planned Las Vegas resort and casino by 2028, aligning the opening with the debut of the Oakland Athletics’ $1.5 billion ballpark. The projects will share the 35-acre site previously occupied by the Tropicana Las Vegas, whose waning business prompted its demolition. The […]
Casino
October 9, 2024
Sin City Bids Farewell to the Tropicana in Spectacular Demolition
As announced earlier in the week, Tropicana Las Vegas’ planned demolition took place right on schedule on Wednesday, following Bally’s decision to donate part of the memorabilia to the University of Nevada. Las Vegas marked the end of an era as the Tropicana, the last true mob-connected building on the Strip, was demolished in a […]
Industry
October 9, 2024
Indiana Man Engaged in Jackpot Switching to Avoid Paying Child Support
A man has been jailed for suspected casino jackpot fraud. The person in question had a friend claim a slot jackpot on his behalf, which is strictly prohibited in the state of Indiana. The Man Had Another Person Claim the Jackpot on His Behalf The suspected fraud occurred in 2022 when a player with the […]
Casino
October 8, 2024
Bally’s Donates Tropicana Relics to UNLV Ahead of Implosion
Bally’s Corporation, the operator of the to-be-imploded Tropicana Las Vegas, has agreed to donate a variety of memorabilia to the University of Nevada, Las Vegas. The casino company was contacted by the university’s Special Collections and Archives department, which wanted to preserve a part of the historic resort. The Oakland A’s New Stadium Will Replace […]
Business
September 17, 2024
Bally’s Acquisition Steams Ahead, Avoiding FTC Scrutiny
Bally’s Corporation, a leading player in US gaming and entertainment, recently announced it has signed a definitive merger agreement with its largest shareholder, Standard General L.P. The deal, valued at $18.25 per share, appears poised to move forward without facing federal antitrust scrutiny, as the regulatory waiting period has expired without objections from the Federal […]
Casino
September 4, 2024
Bally’s and EPIC Team Up for Three-Year Responsible Gaming Overhaul
EPIC Global Solutions has teamed up with Bally’s Corporation for a big three-year project. They aim to shake up responsible gaming standards across the board. This team-up is set to make a big difference in both the US and the UK. The two companies want to make gaming spots safer and more fun by teaching […]
