Tag Archives: Bally’s
US – Bally’s to look at assets that ‘drag’ as profits thin
Third quarter profits have fallen for Bally’s Corporation who generated revenue of $578.2m for the third quarter ended September 30, 2022, with net income of $0.6m and adjusted EBITDA of $151m. Bally’s said it will take ‘a hard look’ at non-core assets that it said were ‘a drag’ on EBITDA. Lee Fenton, Chief Executive Officer said: “In the third…
US – Bally’s completes $148m acquisition of Tropicana Las Vegas
Bally’s has completed on its previously announced acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties. GLPI and PENN completed the transaction relating to the acquisition of the non-land assets of the Tropicana Las Vegas for a cash purchase price of $148m. Bally’s will lease the land underlying the Tropicana property from GLPI…
US – Bally’s donates six-figure sum to International Center for Responsible Gaming
The International Center for Responsible Gaming has received a $600,000 donation from Bally’s Corporation to support multi-year scientific research on gambling among young adults and the usage and effectiveness of responsible gambling tools. Since its establishment in 1996, the ICRG has become a prominent funding source in problem gambling research, yielding hundreds of articles published…
US – Bally’s signs up as sports betting partner of New York Yankees
Bally’s Corporation announced today a marketing partnership designating Bally Bet as an official sports betting partner of the 27-time World Series Champions. This marks Bally’s first sports team partnership in New York after becoming the ninth online sports betting operator in the state in July. Under the agreement, Bally’s receives use of New York Yankees…
US – Bally’s announces final results of ‘Dutch Auction’ tender offer
Bally’s has announced the final results of its modified “Dutch Auction” tender offer. Based on the final count by American Stock Transfer & Trust Company, the depositary for the tender offer, 4.7m common shares were validly tendered at or below the final purchase price of $22 per share and not validly withdrawn, including shares that…
US – Bally’s at Tribune Publishing Center selected for Chicago’s sole casino licence
Mayor Lori E. Lightfoot has announced that the City has selected Bally’s Corporation to be the recipient of its sole casino licence and the developer to create a world-class casino-resort and entertainment experience in Chicago on the site of the Tribune Publishing Center. “I am proud to announce that Bally’s Corporation will create a world-class…
US – Bally’s establishes ESG committee
Bally‘s has established a Board of Directors for an official committee that will oversee further development of Bally’s ESG initiatives, the ESG Committee. Robeson Reeves, President Interactive, will chair the ESG Committee, which will also include Soo Kim, Chairman of the Board, Lee Fenton, Bally’s CEO, and Wanda Y. Wilson, an independent director of Bally’s…
US – Chicago Mayor listens to five casino blueprints from three companies
Three casino groups have presented five blueprints for a Chicago casino to Mayor Lori Lightfoot’s review team with Bally’s, Rush Street Gaming and Hard Rock International all in the running. The selected operator will need their plans to be financially viable, architecturally stunning and be underpinned by the principles of inclusion and equity. Mayor Lightfoot said of the entrants: “They…
US – Bally’s pens first partnership with NHL franchise
The Nashville Predators and Bally’s has entered into a partnership designating Bally’s as an Official Sports Betting Partner and the Official Free-to-Play Partner of the Nashville Predators and Bridgestone Arena. The partnership, which runs through 2025, will grant Nashville Predators intellectual property rights to Bally’s, as well as provide Bally’s with access to team logos,…
