- Investing.com
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 | −0.9x | −4.7x | 9.8x | |
PEG Ratio | 0.05 | 0.11 | 0.02 | |
Price / Book | 1.1x | 2.7x | 1.4x | |
Price / LTM Sales | 0.2x | 0.5x | 0.9x | |
Upside (Analyst Target) | −31.5% | 49.5% | 33.1% | |
Fair Value Upside | Unlock | 12.6% | 12.8% | Unlock |
Bally's Corporation operates gaming, hospitality, entertainment, and technology businesses in the United Kingdom and the United States. The company operates through Casinos & Resorts, Bally's Intralot B2B, Bally's Intralot B2C, and North America Interactive segments. It operates casino properties, horse racetrack, and golf course; and consumer facing service and marketing engines. The company also offers traditional casino gaming, iGaming, online bingo, sportsbook, free-to-play games, technology driven lottery, and gaming solutions; and Telescope, a provider of real-time audience engagement solutions for live events, gamified second screen experiences and interactive livestreams. In addition, it operates hotels, as well as offers food and beverage, technology services, licensing and retail, and entertainment services. Further, the company provides its products under the Bally’s, Bally Bet, Rainbow Riches Casino, Virgin Games, Monopoly Casino, Jackpotjoy, Double Bubble Bingo and Botemania, Sportsbook, Bally Play, Bally Sports Live, SportCaller, and LotosX brand name. Bally's Corporation was incorporated in 2004 and is based in Providence, Rhode Island.