Tag Archives: Bally’s Corp

Bally’s Corporation has entered into a definitive merger agreement, whereby Standard General, the company’s largest common stockholder, will buy Bally’s outstanding shares for $18.25 per Bally’s share, valuing Bally’s at approximately $4.6bn. The price represents a 71 per cent premium over the company’s 30-day volume weighted average price per share as of March 8, 2024,…

Bally’s Corp. will be able to move foward with plans to open a temporary casino at the old Medinah Temple in River North, Chicago, by the late summer following confirmation from the Illinois Gaming Board that the project had achieved a ‘determination of preliminary suitability.’ Medinah Temple has a 134,000-square-foot interior with 3 levels and 34,000…

Nevada Governor Joe Lombardo has now signed in Senate Bill 1 securing funding for the Oakland Athletics baseball team to move into a $1.5bn, 30,000-seat ballpark in Las Vegas on land currently filled by the Tropicana. Owner Bally’s Corp. is now considering when the Tropicana will be demolished and whether a new resort casino will…

Bally’s Corporation has announced that, in conjunction with Gaming & Leisure Properties, it has reached a binding agreement with the Oakland Athletics of Major League Baseball to build a new ballpark on a portion of the current Tropicana Las Vegas property. The ballpark is expected to welcome more than 2.5 million fans and visitors annually, and will…

Bally’s Corporation has announced a multi-year partnership with Minor League Baseball that makes Bally’s the first-ever National Media Rightsholder and Exclusive Fantasy & Gaming Partner of MiLB. This wide-ranging, multimedia partnership provides Bally’s Corporation with live broadcast and exclusive free-to-play gaming content rights across its digital platforms and strategic partner channels, which, when coupled with…

Bally’s Corporation executives have said they ‘remain committed to taking a deep dive approach in North America’ following fourth quarter and full year revenue of $576.7m and $2.3bn with casinos achieving their best ever results. The company is predicting more to come with Atlantic City expected to be profitable this year and a temporary Chicago casino to open…

Bally’s Corp. has joined the race for one of three New York casino licences with a blueprint to bring betting to The Bronx, with the proposal of building a casino resort next to the Trump Organization’s public golf course at Ferry Point. It believes it would need 17 of the 300 acres at the location to…

Bally’s Corporation has reported preliminary revenue for the fourth quarter ended December 31, 2022, of of $576.7m with casinos and resorts hitting a personal best but online revenue described as ‘unacceptable’. This yielded a net loss of $476.8m including non-cash goodwill and asset impairment charges of $464m, primarily related to the Bet.Works, Monkey Knife Fight and Gamesys acquisitions, giving Adjusted…

Bally’s Corporation garnered a major victory after Chicago’s City Council voted to approve an amendment to Planned Development No. 1426, authorising zoning for the construction of Bally’s Chicago Casino – a $1.7 bn flagship entertainment destination. The first phase of this project will include the one million square foot casino building, 500-room hotel, 3,000-person event space, dozens of infrastructure…