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Bally’s Corporation ( (BALY) ) just unveiled an announcement.
Bally’s Corporation announced an amendment to a Contribution Agreement involving its Twin River Lincoln Casino & Hotel, originally set for October 1, 2026, now extended to October 1, 2028. This extension allows more time for the company and its subsidiaries to prepare for the potential transfer of the facility to GLP Capital, L.P., impacting future strategic operations and stakeholder interests.
The most recent analyst rating on (BALY) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Bally’s Corporation stock, see the BALY Stock Forecast page.
Spark’s Take on BALY Stock
According to Spark, TipRanks’ AI Analyst, BALY is a Neutral.
Bally’s Corporation’s overall score reflects its financial challenges, notably negative profitability and high leverage, which weigh heavily on the stock. While there are positive signs in technical analysis and growth in specific segments, valuation concerns and operational headwinds in key areas temper the outlook. Improvement in financial performance and strategic execution are critical for enhancing the stock’s attractiveness.
To see Spark’s full report on BALY stock, click here.
More about Bally’s Corporation
Bally’s Corporation operates in the gaming and hospitality industry, offering casino and hotel services. The company focuses on providing entertainment and leisure experiences through its facilities, such as the Twin River Lincoln Casino & Hotel.
Average Trading Volume: 151,486
Technical Sentiment Signal: Strong Buy
Current Market Cap: $915.2M
For detailed information about BALY stock, go to TipRanks’ Stock Analysis page.