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Bally's Corporation

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
$682.48M
P/E (TTM)
-1.7
33.9
Dividend Yield
--
52W High
$20.74
52W Low
$8.46
52W Range
65%
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

Q3 2025 Data

Revenue

$663.72M+5.36%
4-Quarter Trend

EPS

$6.63-230.00%
4-Quarter Trend

FCF

-$139.34M+105.26%
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)

Bally's CorporationBALY
$2.52B
+1.5%
Oxford Industries, Inc.OXM
$1.49B
-2.4%
Monro, Inc.MNRO
$1.19B
-2.6%

Gross Margin (Latest Quarter)

Oxford Industries, Inc.OXM
60.3%
-2.9pp
Golden Entertainment, Inc.GDEN
52.6%
-3.7pp
Bally's CorporationBALY
44.2%
-10.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GDEN$722.14M132.41.2%49.1%
BALY$682.48M-1.7-119.5%74.5%
MNRO$624.41M-32.7-3.1%31.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 16, 2026
|
EPS:-$0.92
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 12, 2025|
    Revenue: $663.72M+5.4%
    |
    EPS: $6.63-230.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $657.53M+5.8%
    |
    EPS: $-3.76+203.2%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $618.48M+0.0%
    |
    EPS: $-3.61+0.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $2.45B+0.1%
    |
    EPS: $-11.71-233.6%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $629.97M-0.4%
    |
    EPS: $-5.10+343.5%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $621.66M+2.5%
    |
    EPS: $-1.24+158.3%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $618.48M+3.3%
    |
    EPS: $-3.61-210.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 15, 2024|
    Revenue: $2.45B+8.6%
    |
    EPS: $-3.51+52.0%
    Miss