BALLYS - BALY STOCK NEWS

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.

Bally's Corporation (NYSE: BALY) has partnered with the Nashville Predators, becoming their Official Sports Betting Partner through 2025. This marks Bally's first collaboration with an NHL team and in Tennessee. The partnership grants Bally's rights to Predators' logos and content. A key initiative is the Smashville Selector, a free-to-play game app for fans to answer predictive questions about games, offering prizes. Bally's aims to leverage the Predators’ fan engagement as they prepare to launch their sportsbook app in Tennessee in 2022.

Bally's Corporation has entered an exclusive partnership with PepsiCo, making it the official beverage provider across all Bally's casinos and resorts in the U.S. This collaboration includes more than 14 properties in 10 states and focuses on enhancing guest experiences with a broad range of PepsiCo beverages like Pepsi Zero Sugar and Mountain Dew. The partnership aims to create a comprehensive hospitality offering that spans restaurants, food courts, and vending machines, fully starting by the end of October 2021.

Bally's Corporation (NYSE: BALY) has announced an increase in its share repurchase authorization to $350 million. This decision follows the acquisition of Gamesys and a comprehensive $4.065 billion debt package, aiming to enhance capital allocation flexibility and long-term shareholder value. The company emphasizes its strong balance sheet and substantial free cash flow, enabling it to regularly evaluate capital opportunities, including share buybacks. Repurchases will be conducted through various methods while maintaining discretion on the program's continuation.

Bally's Corporation (NYSE: BALY) has successfully finalized its acquisition of Gamesys Group plc, a prominent online gaming operator based in the UK. This merger positions Bally's as a leading global omni-channel gaming company, enhancing its interactive offerings in North America, including real-money gaming in Online Sports Betting and iGaming. The integration of player databases will create substantial cross-sell opportunities across various gaming sectors. Former Gamesys CEO Lee Fenton will now lead Bally's as CEO, marking a new era for the company.

Bally's Corporation (NYSE: BALY) has announced the acquisition of Telescope Inc., a leader in real-time audience engagement solutions for live events and interactive livestreams. The integration aims to enhance Bally's interactive offerings and attract a younger demographic. Senior VP Adi Dhandhania emphasized the potential for innovative engagement tools across Bally's platforms. Telescope, with over 19 years of experience, is recognized for delivering immersive participation initiatives and holds several industry accolades, including multiple Guinness World Records.