Sports betting 2025: Organic growth, profit pursuit, and eyes on Texas
Seeking Alpha News (Sat, 14-Dec 8:00 AM ET)
Bally's Corporation Announces New Rollover Election Period
Business Wire (Wed, 11-Dec 4:30 PM ET)
Bally's Corporation Stockholders Approve Merger Agreement With Affiliate of Standard General L.P.
Business Wire (Tue, 19-Nov 4:59 PM ET)
Business Wire (Fri, 15-Nov 6:06 PM ET)
Bally's Corporation Announces Third Quarter 2024 Results
Business Wire (Wed, 6-Nov 4:05 PM ET)
Bally's to Report Third Quarter 2024 Results on November 6, 2024
Business Wire (Mon, 28-Oct 10:30 AM ET)
Gaming and Leisure Properties Reports Record Third Quarter 2024 Results
Globe Newswire (Thu, 24-Oct 4:15 PM ET)
Globe Newswire (Wed, 25-Sep 10:13 AM ET)
Kuehn Law Encourages SMAR, BALY, MNTX, and IP Investors to Contact Law Firm
Globe Newswire (Wed, 25-Sep 9:13 AM ET)
PRNewswire (Tue, 24-Sep 4:22 PM ET)
Ballys Corp is a casino entertainment company with a growing omnichannel presence, currently owning and managing approximately 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to nearly 18 OSB licenses in states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally's Interactive International an interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. The casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.
Ballys trades on the NYSE stock market under the symbol BALY.
As of December 16, 2024, BALY stock price declined to $17.75 with 33,955 million shares trading.
BALY has a beta of 0.08, meaning it tends to be less sensitive to market movements. BALY has a correlation of 0.00 to the broad based SPY ETF.
BALY has a market cap of $721.22 million. This is considered a Small Cap stock.
Last quarter Ballys reported $630 million in Revenue and -$2.01 earnings per share. This fell short of revenue expectation by $-26 million and missed earnings estimates by -$1.84.
In the last 3 years, BALY traded as high as $39.38 and as low as $7.28.
The top ETF exchange traded funds that BALY belongs to (by Net Assets): VTI, IWM, VXF, IWN, PRFZ.
BALY has outperformed the market in the last year with a return of +31.4%, while the SPY ETF gained +30.5%. However, in the most recent history, BALY shares have underperformed the stock market with its stock returning +2.5% in the last 3 month period and +0.1% for the last 2 week period, while SPY has returned +8.3% and +0.7%, respectively.
BALY support price is $17.70 and resistance is $17.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BALY shares will trade within this expected range on the day.