Competitive Pressures | Bally's faces formidable NYC rivals including Steve Cohen's Citi Field casino and Resorts World expansion, while risking Atlantic City cannibalization |
Price Target Views | Barclays sets $11 price target with Equal Weight rating, while Citi maintains Market Perform as analysts weigh transformational potential against risks |
Negative Earnings | Analysts project EPS of negative $6.49 for FY1 and negative $2.74 for FY2, reflecting financial strain from expansion and underperforming properties |
NYC Casino Gamble | Bally's secures Bronx casino license for $4 billion resort amid operational struggles and projected losses through next two fiscal years |
Metrics to compare | BALY | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipBALYPeersSector | |
|---|---|---|---|---|
P/E Ratio | −0.8x | −0.4x | 10.3x | |
PEG Ratio | 0.01 | 0.23 | 0.02 | |
Price / Book | 0.9x | 2.8x | 1.4x | |
Price / LTM Sales | 0.3x | 1.8x | 0.9x | |
Upside (Analyst Target) | −10.1% | 22.3% | 29.7% | |
Fair Value Upside | Unlock | 14.4% | 13.1% | Unlock |
Bally’s Corporation is a fast-growing global entertainment brand with 19 casinos across 11 US states and one casino in Newcastle, UK, along with a golf course in New York and a horse racetrack in Colorado. Bally’s also owns Bally Bet, a first-in-class sports betting and igaming platform, licensed in 13 jurisdictions in North America. Bally’s holds a majority interest in Bally’s Intralot S.A. a leading lottery solutions supplier and igaming operator. Bally's casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally’s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas, has been awarded a license to build a full-scale casino and resort in The Bronx, New York and is developing an integrated destination resort in Chicago, Illinois. Bally’s has approximately 10,800 employees across the world, recognized for their innovation, energy, and dedication to creating thrilling gaming experiences. Bally's Corporation was incorporated in 2004 and is based in Providence, United States.