Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

BALLY'S CORPORATION

(BALY)
  Report
Delayed Nyse  -  04:00 2022-12-05 pm EST
24.30 USD   -1.34%
11/21Bally's Corp : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
11/21Bally's Signs Ground Lease With Unnamed Investor for Future Site of Bally's Chicago
MT
11/21Bally's Partners With Private Investor On An Up To $500 Million Sale Leaseback For Future Site Of Bally's Chicago
PR
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Bally's Corporation (NYSE:BALY) completed the acquisition of Tropicana Las Vegas Hotel and Casino, Inc. from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) and Penn National Gaming, Inc. (NasdaqGS:PENN) for approximately $150 million.

09/27/2022 EST

Bally's Corporation (NYSE:BALY) agreed to acquire Tropicana Las Vegas Hotel and Casino, Inc. from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) and Penn National Gaming, Inc. (NasdaqGS:PENN) for $150 million on April 13, 2021. In addition, Bally's has agreed to lease the land underlying the Tropicana property from GLPI for an initial term of 50 years at annual rent of $10.5 million, subject to increase over time. In a related transaction, Bally's and GLPI will also enter into a sale- and- leaseback transaction relating to Bally's Black Hawk, CO and Rock Island, IL casino properties for a cash purchase price of $150 million payable by GLPI. Bally's Corporation expect to finance the transaction through sale-leaseback transactions with GLPI. The deal is subject to customary real estate and working capital adjustments, receipt of required regulatory approvals and other customary closing conditions. The recommendation will be considered for final approval by the Nevada Gaming Commission on September 22, 2022. The transaction is expected to close in the second half of 2022. As on September 7, 2022, the transaction is expected to close on September 25, 2022 or September 26, 2022. The transaction is expected to be accretive to Bally's shareholders long- term and will require no cash outlay from Bally's at closing. Bob Profusek of Jones Day represented Bally's on the transaction. GLPI was represented by Goodwin Proctor.

Bally's Corporation (NYSE:BALY) completed the acquisition of Tropicana Las Vegas Hotel and Casino, Inc. from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) and Penn National Gaming, Inc. (NasdaqGS:PENN) for approximately $150 million on September 27, 2022. GLPI shall receive net proceeds of approximately $145 million in cash after fees and expenses. CBRE served as financial advisor to GLPI in the transaction.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
BALLY'S CORPORATION -1.34% 24.3 Delayed Quote.-35.29%
GAMING AND LEISURE PROPERTIES, INC. -1.39% 52.36 Delayed Quote.9.12%
PENN ENTERTAINMENT, INC. -2.43% 34.18 Delayed Quote.-32.44%
All news about BALLY'S CORPORATION
11/21Bally's Corp : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
11/21Bally's Signs Ground Lease With Unnamed Investor for Future Site of Bally's Chicago
MT
11/21Bally's Partners With Private Investor On An Up To $500 Million Sale Leaseback For Futu..
PR
11/09BALLY'S CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS O..
AQ
11/09Bally's corp - 10-k/a - management's discussion and analysis of financial condition and..
AQ
11/09BALLY'S CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS O..
AQ
11/03Bally's Swings to Q3 Earnings, Revenue Climbs
MT
11/03Bally's Corporation Provides Earnings Guidance for the Year 2022
CI
11/03Transcript : Bally's Corporation, Q3 2022 Earnings Call, Nov 03, 2022
CI
11/03Bally : Third Quarter 2022 Earnings Call
PU
More news
Analyst Recommendations on BALLY'S CORPORATION
More recommendations
Financials (USD)
Sales 2022 2 247 M - -
Net income 2022 65,1 M - -
Net Debt 2022 3 237 M - -
P/E ratio 2022 28,3x
Yield 2022 -
Capitalization 1 164 M 1 164 M -
EV / Sales 2022 1,96x
EV / Sales 2023 1,79x
Nbr of Employees 9 460
Free-Float 81,4%
Chart BALLY'S CORPORATION
Duration : Period :
Bally's Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BALLY'S CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 24,63 $
Average target price 25,38 $
Spread / Average Target 3,02%
EPS Revisions
Managers and Directors
Lee D. Fenton President, Chief Executive Officer & Director
Robert M. Lavan Chief Financial Officer & Executive Vice President
Soohyung Kim Chairman
Rob Weir Chief Information Officer
Craig L. Eaton Secretary, Compliance Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
BALLY'S CORPORATION-35.29%1 164
GALAXY ENTERTAINMENT GROUP LIMITED19.93%27 165
FLUTTER ENTERTAINMENT PLC2.30%25 918
EVOLUTION AB-15.38%22 350
SANDS CHINA LTD17.57%22 198
ARISTOCRAT LEISURE LIMITED-19.05%15 752