Bally's Corp

2026-04-10 22:17:26

Bally's Chicago's permanent casino faces an uncertain future as its September 9, 2026 deadline for opening, and thus the continued operation of its temporary casino, rapidly approaches. A bill (HB 4437) has been introduced to extend the temporary license, with Bally's citing operational certainty and economic contributions. Construction has faced difficulties, and the recent legalization of Video Gaming Terminals (VGTs) in Chicago could further impact Bally's revenue, though key stakeholder GLPI remains unconcerned about the timeline.

2026-04-09 19:38:47

Bally's Corporation is holding its 2026 annual meeting on May 19, 2026, where shareholders will vote on key proposals including the election of two directors, ratification of Deloitte & Touche LLP as auditor, an advisory "say-on-pay" vote for executive compensation, and an amendment and restatement of the 2021 Equity Incentive Plan. The proxy statement details 2025 executive compensation, with CEO Robeson Reeves receiving $8.66 million and President George Papanier $5.76 million, and seeks approval for an additional 8,000,000 shares for equity awards under the amended plan. The company highlights its controlled-company status due to Standard General's 66.8% stake and outlines its corporate governance, including risk oversight and ESG commitments.

2026-04-09 14:38:47

Atlantic City casinos experienced a decline in profitability in 2025, with overall gross operating profits dropping by 1.4% to $665.42 million despite a slight increase in net revenue. Bally's faced the most significant challenge, reporting a $2.8 million operating loss after a 210% crash in profit, making it a potential candidate for closure amidst economic pressures and new competition from New York. In contrast, Borgata maintained its strong market position with a substantial profit gain, and Golden Nugget saw impressive growth, largely due to its online gaming operations.

2026-04-08 10:10:10

Rhode Island is considering new legislation, the “Non-Charitable Bingo Act,” to allow Bally’s Twin River Casino and Bally’s Tiverton to offer bingo, a game currently restricted to charitable organizations or senior centers. Proponents, including state senators, argue this would help Bally's compete with neighboring casinos like Foxwoods and generate state revenue, potentially offsetting losses from an upcoming casino smoking ban. However, groups like Americans for Nonsmokers’ Rights and the Rhode Island Lottery have expressed concerns, with ANR questioning the "mythical revenue loss" from smoking bans and the lottery director deeming the bill "unconstitutional" and potentially harmful to existing lottery games and state revenue.

2026-04-01 21:41:08

Star Entertainment has completed the sale of its 50% stake in the Queen's Wharf Brisbane project to its joint venture partners for $53 million. This deal helps Star eliminate $1.4 billion in debt tied to the development and includes a monthly operating fee, although significantly reduced from previous negotiations. The transaction is a crucial step in stabilizing Star's finances, which have been severely impacted by regulatory scrutiny and anti-money laundering breaches.

2026-03-30 18:02:26

Stifel Nicolaus has adjusted its price target for Bally's (NYSE:BALY) from $18.00 to $12.00, while maintaining a "hold" rating, suggesting a potential upside of 28% from its current share price. This move aligns with a generally negative analyst sentiment, as the consensus for Bally's is "Reduce" with an average price target of $13.25, following similar reductions and sell ratings from other firms. The company's shares dropped 11.1% to $9.36, after reporting a significant quarterly loss, negative margins and ROE, and a high debt-to-equity ratio.