Bally’s shareholders approve $4.6B deal with Standard General
An American gambling, betting, and interactive entertainment company, Bally’s Corporation shareholders officially approved a $4.6 billion acquisition by Standard General.
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Bally’s reports 0.4% decline in Q3 revenues
An American gambling, betting, and interactive entertainment company, Bally’s Corporation shared its Q3 revenues of $630 million, highlighting a slight decline of 0.4%.
Bally’s Casinos & Resorts division saw a revenue decline of 1.6%, making almost $353.4 million in revenues. In contrast, Bally’s North American Interactive market saw an impressive growth of 54.5%, with revenues reaching $45.7 million.
As a result of this, the International Interactive segment reported a rise of 5.3%, to 230.9 million dollars. Additionally, revenues from Bally’s activities in the United Kingdom increased by 11.8% thanks to a rise in user activity and an increase in average spending per user.
When talking about the Q3 results, CEO Robeson Reeves noted the company’s success, especially the investment of a planned $940 million for a casino in the Downtown Chicago area of the city, where groundwork has already begun. Even with the net loss of $248 million, Robeson Reeves is optimistic because of growth in the North American region.
In order to enhance its performance, Bally’s plans to have a Las Vegas casino resort for the Athletics next to a baseball stadium, which is set to open its doors and welcome guests by 2028. The resort will have 3,000 hotel rooms, a 90,000-square-foot casino, and a 12,000-square-foot sportsbook, with designs ensuring the ballpark’s view of the Las Vegas Strip is kept.
Bally’s Chairman proposes legalizing live casinos in the US
An American gambling, betting, and interactive entertainment company, Bally’s Corporation's Chairman proposes legalizing live casinos in the US without the inclusion of slots...
