Bally's Corporation

NYSE•BALY

CEO: Mr. Robeson Mandela Reeves

Sector: Consumer Cyclical

Industry: Gambling, Resorts & Casinos

Listing Date: 2019-03-29

Bally's Corporation operates as a casino-entertainment company. It owns and manages 15 casinos across 10 states in the United States, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. The company also owns casino in Newcastle, the United Kingdom; Bally Bet, a sports betting platform; and Bally Casino, a growing iCasino platform, as well as is involved in the interactive gaming operations. Its casino operations include slot machines, table games, and hotel rooms. It also has rights to developable land in Las Vegas. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.

Contact Information

100 Westminster Street, Providence, RI, 02903, United States

401-475-8474

www.ballys.com

Market Cap

$530.27M

P/E (TTM)

1.3

Dividend Yield

52W High

$20.74

52W Low

$8.46

52W Range

36%

Rank52Top 73.5%

2.9

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Weak • 2.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

-$3.83B+0.00%

4-Quarter Trend

EPS

$0.00+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Revenue Increased 5% Total revenue reached $663.7M, marking a 5% increase compared to the prior year period, driven by Queen contribution.

Net Loss Significantly Reduced Net loss narrowed to $106.2M from $247.9M in the prior comparable quarter, showing operational leverage improvement.

Total Assets Grew Post-Merger Total assets stood at $7.55B as of September 30, 2025, reflecting significant growth following the Queen Casino merger.

Goodwill Balance Maintained Total goodwill reached $1.70B as of September 30, 2025, following measurement period adjustments post-acquisition.

Risk Factors

Regulatory Restrictions Apply Business faces substantial regulatory restrictions, especially in Rhode Island, including leverage ratio limits impacting dividends.

Construction Project Cost Overruns Unexpected costs impacting planned construction projects, notably Bally's Chicago, could negatively affect financial results.

Competitive Interactive Market Rapid growth in iGaming and sports betting faces highly competitive and rapidly changing market aspects generally.

Economic Uncertainty Impacts Spending Global economic challenges, inflation, and rising interest rates could negatively impact discretionary consumer spending significantly.

Outlook

Intralot Transaction Closed Completed sale of International Interactive business to Intralot for €2.7B consideration, securing liquidity in Q4 2025.

Secured Debt Repayment Proceeds from Intralot transaction used to pay down $500.0M secured indebtedness and satisfy remaining 2028 Notes balance.

Chicago Permanent Resort Funding Continued spending on Bally's Chicago permanent facility, expected to open to the public in 2026, financed via GLPI agreement.

Capital Return Program Available $95.5M remains available under the approved capital return program for future share repurchases or dividends.

Peer Comparison

Revenue (TTM)

AXL

$5.84B

-4.7%

CBRL

$3.36B

-4.1%

SABR

$2.85B

-3.8%

Gross Margin (Latest Quarter)

BJRI

74.5%

+62.6pp

OXM

60.3%

-2.9pp

SABR

56.2%

+26.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
AXL	$1.02B	-32.7	-3.0%	2.0%
ACEL	$927.77M	18.4	19.5%	55.9%
LQDT	$870.56M	28.9	14.5%	6.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

N/M

Revenue Volatile

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

25%

Cash Flow Needs Attention

Deep Research

Next earnings:May 11, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data