North America Interactive Bally Sports Leadership Team Corporate Governance Governance Documents Investor Relations Investor Relations Why Invest? . Investors are cautioned that Bally's cannot predict the occurrence, timing or amount of all non-GAAP items that may be excluded from Adjusted EBITDA in the future. View original content to download multimedia:https://www.prnewswire.com/news-releases/ballys-corporation-announces-fourth-quarter-and-full-year-2021-results-301489392.html, Email: info@ballys.com Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. If you choose to Accept all, we will also use cookies and data to. Ballys Interactive will open a technology development center in Rhode Island by the end of 2021, initially with 25 employees. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. Bally's Interactive is the digital arm of one of the world's leading entertainment providers, with tens of millions of players across the globe and an unmatched ecosystem of products. Adi Dhandhania, Senior Vice President of Strategy and Interactive for Bally's Corporation, said, "We are excited to integrate Telescope and its innovative audience engagement products into Bally's growing and diversified portfolio of interactive assets. Betting is only offered in regions where it is legal. [5] . We look forward to working alongside the Telescope team to not only strengthen the business, but also develop new engagement tools that we can leverage across our expanding media and digital footprint. Telescope Inc. is the leading provider of real-time fan engagement solutions for live events, gamified second screen experiences and interactive livestreams. (1) Refer to tables in this press release for a reconciliation of these non-GAAP financial measures to the most directly comparable measure calculated in accordance with GAAP. . New risks and uncertainties come up from time to time, and it is impossible for Bally's to predict or identify all such events or how they may affect it. All rights reserved. Lee Fenton, Chief Executive Officer said, "Our quarterly results represent the first full quarter of the consolidated Bally's group including our Casinos & Resorts, International Interactive and North America Interactive segments. It also owns Bally's Interactive, a first-in-class B2B2C sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, and SportCaller, a leading global B2B free-to-play game provider. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Phone: 401-475-8474. You must click the activation link in order to complete your subscription. To ensure strategic alignment, Sinclair will also receive penny warrants to acquire 14.9% of Ballys common shares. If you experience any issues with this process, please contact us for further assistance. Phone: 401-475-8474. Current Employee. "Over the past 19 years, we've witnessed a material shift from TV to digital video across OTT and social platforms. Other casinos pay far better. Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. Its shares trade on the New York Stock Exchange under the ticker symbol "BALY". The North America Interactive reportable segment includes the Business-to-Consumer and Business-to-Business ("B2B") results of Bally's Interactive and other B2B interactive operations. Preeminent Gaming Technology, Services, and Solutions to Power "Bally Bet" PROVIDENCE, R.I. , May 2, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that, after conducting a thor PROVIDENCE, R.I. , April 27, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) announced today that its UK operations welcome the UK Government's publication of The Gambling Act Review White Paper PROVIDENCE, R.I. , April 25, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the first quarter 2023 prior to the market opening on Tuesday, May 9, 2023. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. [Read more]. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. Bally's Interactive will open a technology development center in Rhode Island by the end of 2021, initially with 25 employees. TheScore betting app recently ranked sixth out of 16 in an Eilers & Krejcik review of, This is the next step in our companys evolution, said. Bally's digital division is a portfolio of top disruptor brands in sports betting, iGaming, free-to-play gaming, poker, and daily fantasy sports. The reconciliations of these non-GAAP financial measures to their comparable GAAP financial measures are presented in the tables appearing below. By providing your email address below, you are providing consent to Bally's Corporation to send you the requested Investor Email Alert updates. Ballys is based in Rhode Island and will own 14 casinos across 10 states once all pending transactions are completed. City Approves Design Of Bally's Chicago Casino, Bally's Corporation Announces First Quarter 2023 Results, Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman, Bally's Announces Confidential Submission Of Draft Registration Statement For Proposed Initial Public Offering Of Ownership Interests Of Bally's Chicago To Chicago Residents, Bally's Enters Into Exclusive, Multi-Year B2B Sports Betting Agreements With Kambi Group Plc And White Hat Gaming, Bally's UK Operations Welcome Publication Of Gambling Act Review White Paper, Bally's To Report First Quarter 2023 Results On May 9, 2023, Bally's Twin River Lincoln Opens New Casino Gaming Area, Bally's Corporation Enters Into Partnership With Minor League Baseball As First-Ever National Media Rightsholder and Exclusive Fantasy and Gaming Partner, Bally's Corporation Announces Fourth Quarter And Full Year 2022 Results, Bally's To Report Fourth Quarter And Full Year 2022 Results On February 23, 2023, Bally's Corporation Announces Preliminary Fourth Quarter And Full Year 2022 Results, Bally's Appoints Tracy Harris to Board of Directors, Bally's Completes Previously Announced Sale Leaseback Transaction With GLPI Regarding Tiverton And Biloxi Properties, Bally's Chicago Receives Critical Support From City Council, Bally's and International Union of Operating Engineers Enter Into Labor Neutrality Agreement for Tropicana Las Vegas, Bally's Expands Executive Team With Addition Of Kim Barker Lee As Executive Vice President, Chief Legal Officer, Bally's Partners With Private Investor On An Up To $500 Million Sale Leaseback For Future Site Of Bally's Chicago, Bally's Corporation Announces Third Quarter 2022 Results, Bally's To Report Third Quarter 2022 Results On November 3, 2022, Bally's Chicago Comes to Project Labor Agreement, Bally's Completes Previously Announced Acquisition of Tropicana Las Vegas, Bragg Gaming and Bally's Interactive Partner for Content Development. This press release contains forward-looking statements within the meaning of the federal securities laws. In addition, Telescope provides industry-leading voting products via social, online and SMS; sweepstakes and contests to rewards fans; content creation services; live streaming with custom graphics for all mediums; and campaign management tools that optimize audience engagement. The company recognizes clients' distinct needs and pairs them with the best solution via a wide range of products and capabilities, to ensure that they connect to their audiences in innovative ways by delivering relevant, interactive content and deeply engaging social experiences. The Company believes these measures represent important measures of financial performance that provide useful information that is helpful in understanding the Company's ongoing operating results. To supplement the financial information presented on a generally accepted accounting principles ("GAAP") basis, the Company has included in this earnings release non-GAAP financial measures for Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Casinos & Resorts EBITDAR and Adjusted Casinos & Resorts EBITDAR margin, which exclude certain items described below. Casino fulfills promises of partnerships with labor CHICAGO, Oct. 17, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has signed a Multi-Project Labor Agreement (PLA) wit Joel Simkins, Houlihan Lokey managing director, joins 'Power Lunch' to discuss how gaming companies are doing, how current debt levels will affect M&A in the gaming space and companies that are well-s PROVIDENCE, R.I. , Sept. 27, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced its completion of the previously announced acquisition of the Tropicana Las Vegas with Gaming & Leisu TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (Bragg or the Company), announced today that it has entered into an expansive iGaming content development partnership with Ba Daily market news in bullet point format. Upon closing the previously announced Tropicana Las Vegas (NV) transaction, as well as completing the construction of a land-based casino near the Nittany Mall in State College, PA, Bally's will own and manage 16 casinos across 11 states. PROVIDENCE, R.I., Feb.24, 2022 /PRNewswire/ --Bally's Corporation (NYSE: BALY) today reported financial results for the fourth quarter and full year ended December31, 2021. PROVIDENCE, R.I., Aug. 12, 2021 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has acquired Telescope Inc., the leading provider of real-time audience engagement solutions for live events, gamified second screen experiences and interactive livestreams. Transaction Augments Bally's Growing and Diversified Omni-Channel Platform Second Screen and Play Along Services Will Amplify Bally's Interactive User Experiences Bally's Corporation (NYSE: BALY) today announced that it has acquired Telescope Inc., the leading provider of real-time audience engagement solutions for live events, gamified second screen experiences and interactive livestreams. Bet.Works CEO David Wang will become CEO of the Interactive division. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. We're excited to get started.". Please read our Financial Services Guide before deciding whether to obtain financial services from us. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. I learned the hard way and had to quit due to it. (See responsible gambling), Legal Sports Report Copyright 2023 LegalSportsReport.com. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. With approximately 10,000 employees, the Company's casino operations include more than 15,800 slot machines, 500 table games and 5,300 hotel rooms. Being part of the Bally's family will enable us to continue to innovate, offering our clients the best possible services, as well as helping Bally's to drive play-along experiences and connect with their customer base in new ways. By delivering customized and interactive content, as well as deeply engaging social experiences, Telescope will connect with Bally's customers in innovative ways, providing opportunities for Bally's to attract a younger demographic and augment its loyal customer base. The company's properties include Twin River Casino Hotel, Tiverton Casino Hotel, Hard Rock Hotel & Casino, Casino Vicksburg, Dover Downs Hotel & Casino, Casino KC, Golden Gates Casino, Golden Gulch Casino, Mardi Gras Casino and Arapahoe Park racetrack. It owns and operates 15 casinos across ten states, a horse track in Colorado, and online sports betting operations in 14 states. Cloudflare Ray ID: 7d252413498c3a44 Bally's Corporation (NYSE: BALY) today reported financial results for the fourth quarter and full year ended December 31, 2021. Backed by over 19 years of experience and unique expertise, Telescope is trusted by the world's largest entertainment and sports media properties, social platforms, and leading Fortune 500 brands. It will also get the naming rights to more than 20 regional sports networks in a separate deal with Sinclair Broadcast Group. Overall rating. It also owns Ballys Interactive International, formerly Gamesys Group, a leading, global, online gaming operator, Bally Bet, a first-in-class sports betting platform and Bally Casino, a growing iGaming platform. ", "Telescope was founded on the premise that viewers will increasingly seek to engage directly with live video in real-time," commented Jason George, Telescope's Chairman. Telescope was also honored to be named the 2021 Agency of the Year (Mid-Sized) by Shorty Awards. 213.202.241.162 Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Senior Vice President, Finance and Investor Relations, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited), Acquisition, integration and restructuring, Gain from insurance recoveries, net of losses, Interest expense, net of amounts capitalized, Change in value of naming rights liabilities, Weighted average common shares outstanding - basic, Weighted average common shares outstanding - diluted, Revenue and Reconciliation of Net Income (Loss) and Net Income (Loss) Margin to, Adjusted EBITDA and Adjusted EBITDA Margin (unaudited). You must click the activation link in order to complete your subscription. Telescope's first-in-class products and services will amplify the Bally's Interactive, Bally Bet and Bally Sports brands, enabling viewers and players to have an integrated experience that allows them to engage on a multitude of platforms and channels, including online and offline. Factors that could cause these differences include those included in Bally's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Bally's with the SEC. "Adjusted Casinos & Resorts EBITDAR" is Adjusted EBITDA (as defined above) for the Company's Casinos & Resorts segment plus rent expense associated with triple net operating leases with GLPI for the real estate assets used in the operation of Bally's Evansville and Bally's Dover and the assumption of the lease for real estate and land underlying the operations of the Bally's Lake Tahoe property. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. 105. Jun 25. Net Worth Interactive chart of historical net worth (market cap) for Bally's (BALY) over the last 10 years. Its shares trade on the New York Stock Exchange under the ticker symbol "BALY". These statements constitute Bally's cautionary statements under the Private Securities Litigation Reform Act of 1995. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. At Bally's Corporation, we promise to treat your data with respect and will not share your information with any third party. Bally's Interactive also plans to open a technology development center in Rhode Island by the end of 2021, initially with 25 employees. Upon closing the previously announced Tropicana Las Vegas (Las Vegas, NV) transaction, as well as completing the construction of a land-based casino near the Nittany Mall in State College, PA, Bally's will own and manage 16 casinos across 11 states. Ballys was rebranded from Twin River earlier this week after acquiring the brand name and the Ballys property in Atlantic City. Management has historically used Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Casinos & Resorts EBITDAR and Adjusted Casinos & Resorts EBITDAR margin when evaluating operating performance because the Company believes that these metrics are necessary to provide a full understanding of the Company's core operating results and as a means to evaluate period-to-period performance. 140. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Bally's Corporation is a gaming, betting, and interactive entertainment company headquartered in Providence, Rhode Island. Oct 10, 2018. With 10,500 employees, the Company's casino operations include approximately 15,000 slot machines, 600 table games and 5,300 hotel rooms. The action you just performed triggered the security solution. And its first move under the new name was the Bet.Works acquisition to power the coming launch of Bally Bets. It also owns Gamesys Group, a leading, global, online gaming operator, Bally's Interactive, a first-in-class sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, SportCaller, a leading, global B2B free-to-play game provider, and Telescope Inc., a leading provider of real-time fan engagement solutions. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. In addition, Adjusted EBITDA or Adjusted EBITDAR as used by the Company may not be defined in the same manner as other companies in the Company's industry, and, as a result, may not be comparable to similarly titled non-GAAP financial measures of other companies. Wang stated, "We are pleased to . After factoring in other expenses of $169.6m and income tax of $4.4m, Bally's made net losses of $71.8m for the year, compared to losses of $5.5m in 2020. This is just a projection. Based on 388 reviews. Reconciliation of GAAP Measures to Non-GAAP Measures. Other includes the following non-recurring items for the applicable periods: (i) Post-combination expense related to the acceleration and cash settlement of unvested historical Gamesys' employee stock awards, (ii) Goodwill and asset impairments, (ii) deal-related, rebranding, expansion and pre-opening expenses, (iii) Employee Retention Credits related to COVID-19, (iv) Credit Agreement amendment related expenses, (v) costs related to pursuing sports betting, iGaming and lottery access in various jurisdictions, (vi) non-routine legal expenses, and (vii) net gains related to insurance recoveries. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. New risks and uncertainties come up from time to time, and it is impossible for Bally's to predict or identify all such events or how they may affect it. Bally's guidance is based on current plans and expectations and contains a number of assumptions. Consists of the operating lease components contained within our triple net master lease dated June 4, 2021 with Gaming and Leisure Properties, Inc. ("GLPI") and the triple net lease assumed in connection with our acquisition of Bally's Lake Tahoe, which is primarily our individual triple net leases with GLPI for the real estate assets used in the operation of Bally's Evansville and Bally's Dover, and the assumption of the lease for real estate and land underlying the operations of the Bally's Lake Tahoe facility. Established in 2021, Bally's Interactive powers the company's omnichannel platform, providing an unmatched ecosystem of products across the sports betting, iGaming, free-to-play, and daily fantasy . The "Other" category includes interest expense for Bally's and certain unallocated corporate operating expenses and other adjustments, including eliminations of transactions among segments, to reconcile to Bally's consolidated results. This press release contains forward-looking statements within the meaning of the federal securities laws. At Bally's Corporation, we promise to treat your data with respect and will not share your information with any third party. Site Renderings and Development Team Released PROVIDENCE, R.I. , May 11, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that the proposed site plan for Bally's Chicago Casino wa PROVIDENCE, R.I. , May 9, 2023 /PRNewswire/ --Bally's Corporation (NYSE: BALY) today reported financial results for the first quarter ended March31, 2023. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. If you choose to Reject all, we will not use cookies for these additional purposes. See descriptions of adjustments in the "Revenue and Reconciliation of Net Income (Loss) to Adjusted EBITDA by Segment (unaudited)" table above. If you experience any issues with this process, please contact us for further assistance. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. A jury that found Amber Heard guilty of defaming ex-husband Johnny Depp has ordered her to pay $15 million in damages, posing financial risks for the 36-year-old actress, according to experts . The action you just performed triggered the security solution. This arrangement represents an opportunity to revolutionize the US sports betting, gaming and media industries, said Ballys chairman Soo Kim. Telescope holds six Guinness Book of World Records, and has won 39 Shorty Awards, four Clio Awards, and a handful of Emmy nominations. Founded: 2021. Any forward-looking statement made by Bally's in this press release, its reports filed with the Securities and Exchange Commission and other public statements made from time-to-time speak only as of the date made. In a separate deal, Ballys announced an agreement with Sinclair Broadcast Group to rename the 21 Fox Regional Sports Networks to Ballys Sports. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Bally's Chicago Casino Win Could . 3.7. Research Bally's' (NYSE:BALY) stock price, latest news & stock analysis. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Helpful. Genius Sports enters partnership with Bally's Interactive Aug 25. Net profit margin. CEO Robeson Reeves explained that the unit had "significantly These statements constitute Bally's cautionary statements under the Private Securities Litigation Reform Act of 1995. You must click the activation link in order to complete your subscription. Company profile for Bally's Corp. including key executives, insider trading, ownership, revenue and average growth rates. These offerings, coupled with Bally Interactive and Bally's media partnership with Sinclair Broadcast Group, position the Company to capitalize on significant growth opportunities in the rapidly expanding U.S. online entertainment and sports betting markets. Bally's does not provide reconciliations of Adjusted EBITDA to net income on a forward-looking basis to its most comparable GAAP financial measure because Bally's is unable to forecast the amount or significance of certain items required to develop meaningful comparable GAAP financial measures without unreasonable efforts. 4. Of particular note is the generous bonus plan, worth up to 5% of base salary every six months. If you experience any issues with this process, please contact us for further assistance. No risks detected for BALY from our risk checks. To access the conference call, please dial (800) 459-5346 (U.S. toll-free) and reference conference ID BALYQ42021. Management of the Company believes that while certain items excluded from Adjusted EBITDA and Adjusted Casinos & Resorts EBITDAR may be recurring in nature and should not be disregarded in evaluating the Company's earnings performance, it is useful to exclude such items when comparing current performance to prior periods because these items can vary significantly depending on specific underlying transactions or events that may not be comparable between the periods presented or they may not relate specifically to current operating trends or be indicative of future results. "Adjusted EBITDA" is earnings, or loss, for the Company, or where noted the Company's reportable segments, before, in each case, interest expense, net of interest income, provision (benefit) for income taxes, depreciation and amortization, non-operating (income) expense, acquisition, integration and restructuring expenses, share-based compensation, gain on sale-leaseback, and certain other gains or losses as well as, when presented for the Company's reporting segments, an adjustment related to the allocation of corporate costs among segments. [Image: Shutterstock.com] Final seals of approval Bally's Corporation has completed its acquisition of Gamesys Group in a deal worth about 2bn ($2.72bn). Bally's Interactive is the digital arm of one of the world's leading entertainment providers, Bally's Corporation, with tens of millions of players across the globe and an unmatched. Ask a Question. After submitting your request, you will receive an activation email to the requested email address. Capture your thoughts, links and company narrative. Bally's has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Following the deal, Ballys will form a retail arm for its properties and an interactive arm for sports betting and iGaming. Bally's Interactive is the digital arm of one of the world's leading entertainment providers, with tens of millions of players across the globe and an unmatched ecosystem of products spanning across sports betting, iGaming and free-to-play. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Bally's Interactive will integrate Bet.Works' experienced team of over 130 employees across three offices, including approximately 90 engineers, into its interactive operations. PROVIDENCE, R.I. , Feb. 13, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the fourth quarter and full year 2022 after market close on Thursday, February 23, PROVIDENCE, R.I. , Feb. 13, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today reported preliminary results for the fourth quarter and full year ended December 31, 2022. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. Return vs Industry: BALY underperformed the US Hospitality industry which returned 18.7% over the past year. Bally's fourth quarter 2021 earnings conference call and audio webcast will be held today, Thursday, February 24, 2022 at 8:00 AM EDT. By providing your email address below, you are providing consent to Bally's Corporation to send you the requested Investor Email Alert updates. Click to reveal Compare BALY With Other Stocks Pros. announces an Equity Buyback for $190 million worth of its shares. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. The webcast of the call will be available to the public, on a listen-only basis, via the Internet at the Investors section of the Company's website at www.ballys.com. See descriptions of adjustments in the "Reconciliation of Revenue and Net Income and Net Income Margin to Adjusted EBITDA and Adjusted EBITDA Margin (unaudited)" table above. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. 80. Wang added: Ballys is the perfect home for Bet.Works as it will allow us to continue to grow and innovate.. Cloudflare Ray ID: 7d252416d8d8adac Mobile technology continues to play an increasingly significant role in sports betting and iGaming, and Telescope brings an expert level of creativity, innovation, and effectiveness in the social and digital media space that we are confident will enhance our customers' interactivity and engagement with our products. Legal markets include: Arizona, Calgary, Colorado, Illinois, Louisiana, Michigan, New Jersey, New York, Ontario, Pennsylvania, Tennessee, Virginia and West Virginia. It currently owns and manages 14 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 14 states. Bally's Corporation (NYSE: BALY) today announced that, in conjunction with Gaming & Leisure Properties, Inc. ("GLPI"), they have reached a binding agreement with the Oakland Athletics of Major. Management also believes that Adjusted EBITDA is a measure that is widely used for evaluating operating performance of companies in the Company's industry and a principal basis for valuing such companies as well. Company's earnings for a period net of operating costs, taxes, and interest. Bally's estimates revenue for the year ending December 31, 2022 in the range of $2.4 billion to $2.5 billion and Adjusted EBITDA in the range of $560 million to $580 million. Tina Turner, who died at age 83 after a long illness, had hypertension, or high blood pressure, which affected her kidneys and required a lifesaving . 3. Transaction Augments Bally's Growing and Diversified Omni-Channel Platform, Bally's Corporation Acquires Telescope Inc., A Leading Provider Of Real-Time Fan Engagement Solutions, https://www.prnewswire.com/news-releases/ballys-corporation-acquires-telescope-inc-a-leading-provider-of-real-time-fan-engagement-solutions-301354606.html. Fourth Quarter 2020 and Recent Highlights Net income increased 51.4% year-over-year to $20.2 million, driven primarily by bargain purchase gains, as well as margin improvements . This is the next step in our companys evolution, said Soo Kim, Ballys chairman. For the fourth quarter of 2021, Bally's reported revenue of $547.7m, up 363.8% when compared to the same period in 2020. You can sign up for additional alert options at any time. Adjusted EBITDA margin is measured as Adjusted EBITDA as a percentage of revenue. Revenue and Reconciliation of Net Income (Loss) to, Adjusted EBITDA by Segment and Adjusted EBITDA Margin (unaudited), Rent expense associated with triple net operating leases (2). Bet.Works has more than 130 employees across three offices, including approximately 90 engineers. Please check your download folder. Earnings are forecast to grow 15.04% per year. Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. See descriptions of adjustments in the "Revenue and Reconciliation of Net Income (Loss) and Net Income (Loss) Margin to Adjusted EBITDA and Adjusted EBITDA Margin (unaudited)" table above. Ballys Taps Kambi For Sports Betting App Restart, Ballys Shuts Down Monkey Knife Fight, Plans Move From Bet.Works, Colorado Gets Industrys First Glimpse Of Bally Bet. 162.241.222.13 Soo Kim, Chairman of Bally's Board of Directors, said, "Bally's acquisition of Gamesys . Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games. The interactive arm will cover both business to business and business to consumer, including Bet.Works existing contract with TheScore. According to 9 analysts, the average rating for BALY stock is "Buy." Ballys Interactive will open a technology development center in Rhode Island by the end of 2021, initially with 25 employees. Non-personalized ads are influenced by the content youre currently viewing and your general location. Bally's Corporation released its Q3 2022 results today, reporting negligible third-quarter profits of $593,000 as compared to $61 million recorded in the same period . Phone: 401-475-8474. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Cautionary Note Regarding Forward-Looking Statements. Fourth Quarter 2021 Financial Highlights Revenue of $547.7 million, an increase of $429.6 million Net loss of $115.3 million compared to net income of $20.2 million for the comparable period Adjusted EBITDA of $119.4 million, an increase of $98.4 million year over . Disclaimer: We do not guarentee this bet. Type: Subsidiary or Business Segment. During the quarter, we made significant progress on integration of our acquired assets, defining our strategic goals for 2022 and deploying capital strategically including progress in growth projects in Lincoln, Atlantic City and Kansas City. 28 . Any forward-looking statement made by Bally's in this press release, its reports filed with the Securities and Exchange Commission (the "SEC") and other public statements made from time-to-time speak only as of the date made. Adjusted Casinos & Resorts EBITDAR margin is measured as Adjusted Casinos & Resorts EBITDAR as a percentage of revenue. You can sign up for additional alert options at any time. Return vs Market: BALY underperformed the US Market which returned 2.4% over the past year. Volatility Over Time: BALY's weekly volatility (8%) has been stable over the past year. 5.0. Your IP: Performance & security by Cloudflare. Robert LavanSenior Vice President Finance and Investor Relations401-475-8564InvestorRelations@ballys.com, Richard Goldman / David GillKekst CNC646-847-6102 / 917-842-5384BallysMediaInquiries@kekstcnc.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/ballys-corporation-acquires-telescope-inc-a-leading-provider-of-real-time-fan-engagement-solutions-301354606.html, Email: info@ballys.com Bally's Corporation, formerly known as Twin River Worldwide Holdings Inc., is based in Providence, Rhode Island. 2023 Stock Analysis. BALLY'S CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS, Rent expense associated with triple net operating leases, Cash payments associated with triple net operating leases, https://www.prnewswire.com/news-releases/ballys-corporation-announces-fourth-quarter-and-full-year-2021-results-301489392.html. Supplemental materials have also been posted to the Investors section of the website, under Events & Presentations. These forward-looking statements include all matters that are not historical facts. 2. The International Interactive reportable segment includes the non-North American operations of Gamesys. Feb 24, 2023. www.gamingintelligence.com . TheScore betting app recently ranked sixth out of 16 in an Eilers & Krejcik review of NJ sportsbook apps. Bally's believes that the probable significance of providing these forward-looking non-GAAP financial measures without a reconciliation to the most directly comparable GAAP financial measure, is that investors and analysts will have certain information that Bally's believes is useful and meaningful regarding its operations, including its completed and proposed acquisitions and the estimated impact on those businesses' results from the anticipated changes Bally's is likely to make, or has made, to their operations, but will not have that information on a GAAP basis. Learn more. Bally's net worth as of May 05, 2023 is $0.74B. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Bally's Corporation is a leading regional casino-entertainment company with a growing omni-channel presence of online sports betting and iGaming offerings in the US. 337927). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. This site encourages responsible gambling and provides advice for anyone who believes they, or someone they know, may have a gambling addiction. At Bally's Corporation, we promise to treat your data with respect and will not share your information with any third party. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Bet.Works shareholders have agreed to hold their stock for at least a year. Charlie Horner - November 3, 2022 Image: Shutterstock Facebook Twitter Bally's Corporation senior leadership indicated that it will further evaluate its North American Interactive division after it posted losses of $22.7m during Q3, whilst other core business divisions posted positive net incomes. 5. In 2022, Bally's's revenue was $2.26 billion, an increase of 70.57% compared to the previous year's $1.32 billion. These items include depreciation, impairment charges, gains or losses on retirement of debt, acquisition, integration and restructuring expenses, interest expense, share-based compensation expense, professional and advisory fees associated with Bally's capital return program, variations in effective tax rate and expansion and pre-opening expenses, which are difficult to predict and estimate and are primarily dependent on future events, but which are excluded from Bally's calculations of Adjusted EBITDA. You can also visit g.co/privacytools at any time. Ballys is based in Rhode Island and will own 14 casinos across 10 states once all pending transactions are completed. According to Ballys, the deal will give it a suite of advanced omni-channel products.that will enable it to deliver unrivaled sports betting and iGaming offerings to customers on a national scale.. Ask a question about working or interviewing at Bally's Interactive. Ballys Corporation has acquired sports betting platform supplier Bet.Works for $125 million as the company goes all in on sports betting and online gambling. You can email the site owner to let them know you were blocked. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. Competitive benefits for the area, which include 401 (k), health/dental/vision, discounted gym membership, travel benefits. than the rest of US stocks over the past 3 months, See historical performance and comparison. . Bally's Corporation has gotten the final approvals needed to complete its $2.72bn acquisition of Gamesys Group. 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