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Business
April 3, 2024
K&F Growth Capital Shares Concerns, Sends Letter to Bally’s
Back in March, Standard General, a company that currently holds a significant 23% stake in Bally’s Corporation, the leading gaming and entertainment company, disclosed its intentions to acquire all outstanding shares in Bally’s. This became clear from a filing with the US Securities and Exchange Commission (SEC). This non-binding letter proposed a price of $15 […]
Business
April 2, 2024
Fitch: Bally’s Corporation’s Rating Downgraded, Outlook Negative
The leading ratings agency, Fitch Ratings, announced a new downgrade, affecting Bally’s Corporation. This marked another downgrade for the company recently, which has now seen action from three rating agencies, Fitch included. On Monday, Fitch Ratings said that it downgraded the company’s Issuer Default Rating (IDR) from “B+” to “B.” Additionally, the company said it […]
Business
March 27, 2024
Moody’s Changes Outlook, Downgrades Rating for Bally’s Corporation
In light of the upcoming redevelopment of Tropicana Las Vegas that would result in the creation of a baseball stadium that will be the home of the popular MLB team, Oakland Athletics, Bally’s announced recently that it held a couple of job fairs, seeking to help Tropicana workers find new employment. Acknowledging that it received […]
Industry
March 25, 2024
Bally’s Helps Tropicana Workers Find New Employment
The upcoming demolition of Tropicana in Las Vegas will pave the way for the creation of a new baseball stadium in Sin City. The stadium will be the new home of the Oakland Athletics, the famous Major League Baseball (MLB) franchise and has a price tag surpassing a whopping $1 billion. Yet, the demolition of […]
Industry
March 13, 2024
Light & Wonder Releases Highly Anticipated Squid Game Slot
Light & Wonder announced the launch of an immersive Squid Game-themed slot game. Unlike the Squid Game cabinet the company previously showcased, the new game, SQUID GAME: ONE LUCKY DAY, will be a fully digital slot. The game will hit the market today and will, for two weeks, be exclusively available to Bally’s Interactive customers […]
Business
March 12, 2024
Standard General Makes Offer to Acquire Bally’s Corporation
Standard General, a New York-based hedge fund, has proposed to acquire the remaining shares of Bally’s Corporation, a renowned casino operator, at a price of $15 per share. This proposition represents a substantial increase of 41% over Bally’s closing share price on March 8, 2024. Standard General’s Ambitious Bid for Bally’s Spurs Investor Optimism Standard […]
Business
February 22, 2024
Bally’s Publishes Strong Q4 Results, Posts FY24 Guidance
Bally’s Corporation, a casino and hospitality company, has published its Q4 2023 results, painting a stable financial picture of its business. The company recorded a 10% improvement in its UK business on a dollar basis and reported an all-time-high quarterly adjusted EBITDAR. Bally’s consolidated revenues for Q4 stood at $611.7 million in Q4, up 6.1% […]
Business
January 16, 2024
Bally Links Erases All Traces of Trump’s Legacy
As former President Donald J. Trump’s civil fraud trial entered its closing arguments in Manhattan, a notable change occurred at the Trump Golf Links at Ferry Point in the Bronx. The golf course, now under new management by Bally’s Corporation, underwent a rebranding event attended by Mayor Eric Adams, revealing an updated sign that reads […]
Casino
December 21, 2023
Illinois Regulator Allows Bally’s Chicago to Transition to 24/7 Schedule
Bally’s Chicago will soon expand to a 24/7 operation, allowing it to capitalize on the growing demand for gambling in the USA. The property successfully received the approval needed to expand its operation by 4 more hours and will service clients all day long starting December 27. Bally’s Chicago was previously limited to only operating […]
Casino
December 19, 2023
Local Support Grows for ORGC and Bally’s Lake Area Casino
In a significant boost for the proposed casino development at Lake of the Ozarks, the Miller County Commission has unanimously endorsed the initiative led by Osage River Gaming and Convention (ORGC) in collaboration with Bally’s Corporation. This latest show of support comes as the local gaming group strives to bypass the General Assembly by garnering […]
