Latest news with #Bally'sCorporation
Business Wire
6 days ago
- Business
- Business Wire
Bally's Corporation to Report 2025 Second Quarter Results After Market Close on August 11
PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (NYSE: BALY) announced today that it will release its financial results for the second quarter ended June 30, 2025 after the market closes on Monday, August 11, 2025. About Bally's Corporation Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 19 casinos across 11 states, along with a golf course in New York and a horse racetrack in Colorado, and holds OSB licenses in 13 jurisdictions in North America. The acquisition of Aspers Casino in Newcastle, UK, expands its international reach. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally's Interactive International division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business. With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally's also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas.
Sydney Morning Herald
27-07-2025
- Business
- Sydney Morning Herald
Humble suburban bowls club thwarts casino giant
A humble suburban bowls club may have thwarted a multibillion-dollar American casino company's attempts to introduce its brand to Australia via its planned takeover of the embattled Star Entertainment Group. Shareholders of Star, which operates casinos in Brisbane, Sydney and the Gold Coast, last month approved Bally's planned takeover of the company. During a visit to Australia in April, the chairman of Bally's Corporation, Soo Kim, told this masthead the company planned to overhaul Star's assets, with a shift away from a VIP-focused business. But if the casino giant was betting all its chips on a Bally's rebrand, it might just be out of luck. When it tried to trademark its name for hospitality use in Australia earlier this year, Bally's found a bowls club in Sydney's north shore had beat it to the punch by only half a year. The Balgowlah Bowling Club – better known by locals as The Bally – applied for trademark protection of its colloquial name last September, less than six months before Bally's Corporation tried to protect its own name. Club secretary manager Tony Wagener agreed it was good timing on his part. 'I've really got my finger on the pulse of this sort of stuff,' he laughed. But on a more serious note, Wagener said The Bally name was vital for the bowls club, which almost went under last year and continues to seek community support to stay afloat.
The Age
27-07-2025
- Business
- The Age
Humble suburban bowls club thwarts casino giant
A humble suburban bowls club may have thwarted a multibillion-dollar American casino company's attempts to introduce its brand to Australia via its planned takeover of the embattled Star Entertainment Group. Shareholders of Star, which operates casinos in Brisbane, Sydney and the Gold Coast, last month approved Bally's planned takeover of the company. During a visit to Australia in April, the chairman of Bally's Corporation, Soo Kim, told this masthead the company planned to overhaul Star's assets, with a shift away from a VIP-focused business. But if the casino giant was betting all its chips on a Bally's rebrand, it might just be out of luck. When it tried to trademark its name for hospitality use in Australia earlier this year, Bally's found a bowls club in Sydney's north shore had beat it to the punch by only half a year. The Balgowlah Bowling Club – better known by locals as The Bally – applied for trademark protection of its colloquial name last September, less than six months before Bally's Corporation tried to protect its own name. Club secretary manager Tony Wagener agreed it was good timing on his part. 'I've really got my finger on the pulse of this sort of stuff,' he laughed. But on a more serious note, Wagener said The Bally name was vital for the bowls club, which almost went under last year and continues to seek community support to stay afloat.
AU Financial Review
25-07-2025
- Business
- AU Financial Review
Regulator zeros in on Bally's Star rescue deal
Star Entertainment's rescue plan could be under threat with the NSW casino regulator warning it will closely examine the finances and leadership of Bally's Corporation before allowing it to take control. The American gaming giant will control Star, which operates casinos in Sydney, Brisbane and the Gold Coast, after providing a $300 million lifeline earlier this year. It has already flagged its intention of overhauling management as part of a turnaround plan and Bally's chairman Soo Kim is expected to join the board of the ASX-listed gaming group.
Yahoo
15-07-2025
- Business
- Yahoo
Why Bally's (BALY) Shares Are Falling Today
Shares of gaming, betting and entertainment company Bally's Corporation (NYSE:BALY) fell 4.8% in the afternoon session after its bid for a New York casino license was all but ended after the New York City Council rejected the company's land-use rezoning proposal for its planned $4 billion Bronx casino. The council voted 29-9 to disapprove the zoning changes necessary for Bally's to build its proposed casino resort at Ferry Point Park. The project's failure to secure this key approval is a major blow to the company's ambitions to enter the lucrative downstate New York market, for which only three casino licenses are available. Councilwoman Kristy Marmorato, who represents the district, led the opposition, stating the developers "came to the table a little too late, with promises too vague and a process too flawed to rebuild the trust that was already lost in our community." The decision casts significant doubt on the future of the proposed development, which was set to include a 500-room hotel and a 2,000-seat entertainment venue. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Bally's? Access our full analysis report here, it's free. Bally's shares are extremely volatile and have had 49 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Bally's is down 49.1% since the beginning of the year, and at $9.90 per share, it is trading 55.1% below its 52-week high of $22.07 from November 2024. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
