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Bally's Corporation (BALY)
:BALY
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Bally's Corporation
(NYSE:BALY)
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Rating:54Neutral
Price Target:―
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.
Positive Factors
North America Interactive Growth
The robust growth in the North America Interactive segment demonstrates strong market demand and effective execution, positioning Bally's for future expansion in the online gaming space.
U.K. Interactive Business Performance
Continued revenue growth in the U.K. Interactive business indicates solid market share gains and reinforces Bally's competitive position in international markets.
Chicago Development Progress
The development of a new casino in Chicago represents a strategic expansion opportunity, potentially driving long-term revenue growth and enhancing Bally's geographic footprint.
Negative Factors
High Leverage
High leverage limits financial flexibility and increases risk, potentially impacting Bally's ability to invest in growth opportunities or weather economic downturns.
Declining Profitability
Ongoing declines in profitability suggest operational inefficiencies and cost management challenges, which could hinder long-term financial performance and investor confidence.
Casinos & Resorts Revenue Decline
Revenue declines in the Casinos & Resorts segment highlight potential market headwinds and operational challenges, which could affect Bally's core business stability.
Bally's Corporation (BALY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$651.37M
Dividend YieldN/A
Average Volume (3M)166.70K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth-1.10%
EPS Growth-1.69%
CountryUS
Employees10,000
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-3.76
Shares Outstanding49,122,902
10 Day Avg. Volume219,796
30 Day Avg. Volume166,702
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap9.29
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit4.85
Enterprise Value/Ebitda42.34
Forecast
1Y Price Target
$10.33Price Target Upside-22.10% Downside
Rating ConsensusHold
Number of Analyst Covering4
Bally's Corporation Business Overview & Revenue Model
Company DescriptionBally’s Corporation is a global casino-entertainment company with a growing omni-channel presence, currently owning and managing 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to OSB licenses in 18 states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally’s Interactive International, formerly Gamesys Group, a leading, global, interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. With 10,600 employees, the Company’s casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms. Bally’s also has rights to developable land in Las Vegas post the closure of the Tropicana. Upon completion of the announced merger with The Queen Casino & Entertainment Inc. (“Queen”), the above portfolio is expected to be supplemented with four additional casinos across three states, one of which will be an additional state that expands Bally’s jurisdiction of operations to include the state of Iowa. Queen will also add over 900 employees, and operations that currently include approximately 2,400 slot machines, 50 table games, and 150 hotel rooms to the Bally’s portfolio. Bally’s will also become the successor of Queen’s significant economic stake in a global lottery management and services business through its investment in Intralot S.A. (ATSE: INLOT).
How the Company Makes MoneyBally's Corporation generates revenue through several key streams. Primarily, the company earns money from its portfolio of casino and resort properties, where it offers gaming activities, hospitality services, food and beverage sales, and entertainment amenities. Additionally, Bally's capitalizes on the growing market of online gaming and sports betting through its interactive platforms, which include digital casino games and online sports wagering. The company's earnings are further enhanced by strategic partnerships and acquisitions that expand its market reach and service offerings. These partnerships often involve collaborations with technology providers, gaming software developers, and media companies to enhance their digital and interactive segments. Together, these revenue streams and partnerships contribute significantly to Bally's financial performance.
Bally's Corporation Earnings Call Summary
Earnings Call Date:Aug 11, 2025
(Q3-2024)
| Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed performance for Bally's Corporation. While there were significant achievements such as strong growth in the North America Interactive segment and successful operations in the UK, there were notable challenges, including revenue declines in certain segments and specific regional difficulties in Rhode Island and Atlantic City. The company is focused on strategic developments and operational improvements to enhance future growth.Q3-2024 Updates
Positive Updates
North America Interactive Revenue Growth
The North America Interactive segment experienced a 55% increase in revenue, reaching $46 million. This growth was driven by strong performance in iGaming operations, particularly in Rhode Island, contributing $9.7 million in gross gaming revenue.
Successful UK Operations
The UK Interactive business saw a 12% increase in revenues, with adjusted EBITDA margins improving by approximately 400 basis points year-over-year. The segment benefited from all-time high active customer levels and robust average revenue per user metrics.
Chicago Temporary Casino Performance
In Chicago, operations at the temporary facility are stabilizing with a 6% growth in quarterly admissions and an increased market share. The player database now exceeds 113,000 customers, and the property celebrated its first-year anniversary with over 1.3 million visitors.
Capital Structure and Future Prospects
Bally's is actively working on several development projects, including a flagship casino in Chicago and a proposal for a resort in New York. The company ended the quarter with $191 million in cash and is preparing for the addition of Casino Queen assets.
Negative Updates
Revenue Decline in International Interactive Segment
The International Interactive segment experienced a 5% decline in revenue, primarily due to underperformance outside the UK.
Challenges in Atlantic City and Rhode Island
In Atlantic City, the departure of a key relationship marketing team led to a challenging quarter. Rhode Island faced revenue headwinds due to disruptions on Interstate 195, affecting the Lincoln property.
Decreased EBITDA in Casino & Resorts Segment
The Casino & Resorts segment saw a 2% revenue decline to $353 million, with adjusted EBITDA decreasing by 15% from the previous year. Segment margins fell from 33% to 28%.
Company Guidance
During Bally’s Corporation's third-quarter 2024 earnings call, the company provided guidance on several key metrics and strategic developments. Overall, third-quarter revenue slightly decreased by less than 1% year-over-year to $630 million, with notable performance variations across segments. The North America Interactive segment experienced significant growth, with a 55% increase in revenue, while the Casinos & Resorts segment saw a 2% decline, primarily due to challenges in Rhode Island and Atlantic City. The International Interactive segment faced a 5% revenue decline, although the UK operations alone reported a 12% increase. Adjusted EBITDA margins improved by approximately 400 basis points for the International Interactive segment, reflecting operational efficiency. The company plans to continue expanding its North America Interactive business, aiming for positive EBITDA. Bally’s also shared updates on its development projects, including the flagship casino in Chicago, expected to open in September 2026, and its strategic efforts in Las Vegas and New York. The acquisition of Aspers Casino Newcastle aims to enhance Bally's UK presence, leveraging its online player database for increased engagement. Additionally, the company is restructuring its operations in Asia and other markets to focus on high-margin licensing revenue. The call emphasized Bally's commitment to improving efficiency and profitability while navigating market-specific challenges.Bally's Corporation Financial Statement Overview
Summary
Bally's Corporation is facing financial challenges with negative profitability and high leverage. The income statement shows declining profitability, while the balance sheet highlights high debt and low equity. Cash flow generation is strained, though operating cash flow remains positive.Income Statement
The income statement shows a declining trend in profitability, with negative net income and EBIT margins in the TTM. Gross profit margin is approximately 39.96%, indicating some control over direct costs. Revenue growth is modest at 1.33% year-over-year, but the significant negative net profit margin of -30.03% raises concerns about operational efficiency and cost management.45
Neutral
Balance Sheet
The balance sheet reflects a high debt burden with a debt-to-equity ratio of 21.58, suggesting potential financial risk. Return on equity is strongly negative at -319.42%, highlighting inefficiencies in generating returns from equity. The equity ratio stands at a low 3.64%, indicating high leverage and reduced financial flexibility.40
Negative
Cash Flow
Cash flow analysis reveals challenges in generating positive free cash flow, with a minor improvement in free cash flow growth. The operating cash flow to net income ratio is negative, suggesting cash flow struggles. However, operating cash flow remains positive, indicating some ability to meet operational needs.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.45B | 2.45B | 2.45B | 2.26B | 1.32B | 372.79M |
| Gross Profit | 1.25B | 1.33B | 1.34B | 1.25B | 787.36M | 234.12M |
| EBITDA | 142.95M | 131.36M | 442.23M | 54.24M | 143.64M | 27.08M |
| Net Income | -567.75M | -567.75M | -187.50M | -425.55M | -71.80M | -5.49M |
Balance Sheet | ||||||
| Total Assets | 7.49B | 5.86B | 6.86B | 6.30B | 6.55B | 1.93B |
| Cash, Cash Equivalents and Short-Term Investments | 209.73M | 171.23M | 163.19M | 212.51M | 206.19M | 123.44M |
| Total Debt | 2.02B | 4.94B | 5.07B | 4.52B | 3.98B | 1.16B |
| Total Liabilities | 6.68B | 5.83B | 6.23B | 5.49B | 4.94B | 1.60B |
| Stockholders Equity | 796.49M | 30.90M | 635.43M | 805.82M | 1.61B | 326.60M |
Cash Flow | ||||||
| Free Cash Flow | -81.54M | -85.83M | -313.55M | -34.19M | -79.98M | 3.72M |
| Operating Cash Flow | 114.00M | 114.00M | 188.61M | 270.97M | 82.75M | 19.50M |
| Investing Cash Flow | 97.83M | 97.83M | -207.79M | -302.92M | -2.30B | -444.85M |
| Financing Cash Flow | -287.84M | -287.84M | 65.75M | 43.24M | 2.40B | 366.40M |
Bally's Corporation Technical Analysis
Positive
13.26
Price Trends
10.07
Positive
10.12
Positive
12.98
Positive
Market Momentum
0.61
Negative
75.81
Negative
86.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BALY, the sentiment is Positive. The current price of 13.26 is above the 20-day moving average (MA) of 10.74, above the 50-day MA of 10.07, and above the 200-day MA of 12.98, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 75.81 is Negative, neither overbought nor oversold. The STOCH value of 86.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BALY.
Bally's Corporation Risk Analysis
Bally's Corporation disclosed 58 risk factors in its most recent earnings report. Bally's Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bally's Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $255.74M | 4.37 | -12.77% | ― | -4.95% | ― | |
66 Neutral | $295.86M | 20.41 | 10.86% | ― | 27.57% | -40.98% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $313.10M | 500.73 | 2.77% | ― | ― | ― | |
54 Neutral | $651.37M | ― | -113.09% | ― | -1.10% | -1.69% | |
48 Neutral | $618.90M | 43.78 | 3.11% | 4.23% | -21.68% | -94.08% | |
45 Neutral | $108.70M | ― | -101.45% | ― | 8.24% | -43.10% |
* Consumer Cyclical Sector Average
BALY
Bally's Corporation
13.26
-8.81
-39.92%
FLL
Full House Resorts
3.01
-1.99
-39.80%
GDEN
Golden Entertainment
23.66
-6.03
-20.31%
INSE
Inspired Entertainment
9.50
-0.14
-1.45%
CDRO
Codere Online
6.86
-1.56
-18.53%
GAMB
Gambling.com
8.31
-1.38
-14.24%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.