Bally's Corporation - BALY STOCK NEWS

The Special Committee of Bally's Corporation has engaged Macquarie Capital and Potter Anderson & Corroon LLP to evaluate a non-binding acquisition proposal from Standard General, submitted on January 25, 2022. No decisions regarding the proposal have been made, and there is no guarantee of any definitive offer or transaction. Bally's operates 14 casinos in 10 states and owns multiple gaming platforms and services. The company emphasizes uncertainties tied to forward-looking statements and future performance.

Paysafe (NYSE: PSFE) has launched a partnership with Bally’s Corporation (NYSE: BALY) to enhance online payments in Arizona and New Jersey. The integration allows players to deposit funds easily using credit or debit cards for Bally Bet and BallyCasino.com. The partnership aims to streamline payment acceptance and improve customer conversion rates, with plans for alternative payment methods like Skrill USA and paysafecard to be added soon. Future phases include further integrations across additional states, reflecting Paysafe's commitment to becoming a leader in the iGaming payment sector.

Bally's Corporation (NYSE: BALY) will announce its fourth quarter and full year 2021 financial results on February 24, 2022, before market opening. A conference call will follow at 8:00 a.m. EST to discuss the results. Interested parties can join by dialing (800) 459-5346 and using conference ID BALYQ42021. An audio webcast will also be available on the company's website for 120 days. Bally's operates 14 casinos across 10 states and is expanding its online sports betting and gaming operations.

The board of directors of Bally's Corporation (NYSE: BALY) has formed a special committee to assess a non-binding acquisition proposal from Standard General. The proposal, dated January 25, 2022, offers $38.00 in cash per share for all outstanding shares not already owned by Standard General. The committee will also explore other strategic alternatives. No assurances are given that a definitive offer will be made or accepted. Bally's operates 14 casinos across 10 states, with significant growth opportunities in online sports betting and iGaming.

Bally's Corporation (NYSE: BALY) has entered a landmark agreement with Major League Fishing (MLF), becoming MLF’s exclusive Sports Betting, Daily Fantasy Sports (DFS), and Free-to-Play (F2P) partner. This partnership, marking Bally's fifth with a professional sports league, includes Bally Bet as the title sponsor of the MLF Angler of the Year Award, with a prize of $100,000 for the 2022 season. Bally's will also launch two new free-to-play fantasy fishing games and stream Bass Pro Tour events through its platforms, aiming to enhance fan engagement.

Bally's Corporation (NYSE: BALY) has been awarded one of nine licenses to operate online sports betting in New York, expanding its market presence. This strategic move enables Bally's to tap into a large fan base and showcase its sports betting platform. The company aims to enhance its omni-channel gaming services and plans to operate in 16 states post-acquisitions. Chairman Soo Kim expressed optimism about serving New York's sports fans. Bally's currently owns 14 casinos and employs around 10,000 people, highlighting its growing stature in the gaming industry.

Bally's Corporation (NYSE: BALY) announced its third-quarter 2021 financial results, reporting a record revenue of $314.8 million, up 169.9% year-over-year, but incurred a net loss of $14.7 million compared to a profit of $6.7 million in the same quarter last year. Adjusted EBITDA was $78.0 million, a 105.3% increase from $38.0 million in Q3 2020. Retail Casinos revenue reached $301.6 million with net income of $49.4 million. The acquisition of Gamesys was completed on October 1, 2021, which will be included in future results.

Bally's Corporation (NYSE: BALY) has proposed a $1.6 billion investment to establish Bally's Chicago, a flagship entertainment resort. The project aims to create a casino, hotel, and entertainment venue, emphasizing local ownership and minority participation. Two potential sites have been suggested, with the first phase featuring 2,700 slot machines and 95 table games. A temporary facility will operate during construction. Bally's aims to leverage airport visitors and generate tax revenue, focusing on equitable community investments and diverse hiring practices.

Bally's Corporation (NYSE: BALY) will announce its third quarter 2021 financial results on November 4, 2021 before the market opens. A conference call will be held at 10:00 a.m. EDT to discuss the results, accessible by dialing (877) 876-9176 and using conference ID BALYQ32021. Bally's operates 14 casinos across 10 states and is expanding its presence in online sports betting and iGaming. The company's shares are traded under the ticker symbol BALY.