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Share this article Share this article PROVIDENCE, R.I., June 1, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY), a leading U.S. omnichannel provider of land-based gaming and interactive entertainment, today announced that it has completed its previously announced acquisition of Bet.Works a U.S. based, sports betting platform provider to operators in New Jersey, Iowa, Indiana and Colorado. The transaction, which includes Bet.Works proprietary technology stack and turnkey solutions comprised of marketing, operations, customer service, risk management and compliance, makes Bally s the premier, full-service, vertically integrated sports betting and iGaming company in the U.S. with physical casinos, online gaming solutions and a B2B2C business model united under a single, preeminent brand. The total purchase price of the acquisition was $125 million, half of which was paid in Bally s common stock, which Bet.Works shareholders agreed to hold for at least one year. ....
Agreements and Partnerships Help to Expand the Online Gambling Marketplace News provided by Share this article FinancialBuzz.com News Commentary NEW YORK, May 19, 2021 /PRNewswire/ Another state moves closer to legalizing sports betting, as the governor of Maryland, Larry Hogan, plans to sign a bill establishing the industry in the state. According to a report by the Baltimore Sun, the Republican governor will sign off on a plan worked out by state lawmakers that features in-person licenses for sports betting granted to casinos, the Laurel Park and Pimlico Race Course thoroughbred racing tracks, and the stadiums for the Baltimore Orioles, the Baltimore Ravens and the Washington Football Team. This is a new development for the state after, last year, Maryland, together with Louisiana and South Dakota, voted in favor of legalizing sports betting. FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), Score Media and Gaming Inc. (NASDAQ: SCR), International Ga ....
Bally s Corporation Announces Fourth Quarter And Full Year 2020 Results COMPANY ESTABLISHES FOUNDATION OF ITS INTERACTIVE DIVISION News provided by Share this article Share this article PROVIDENCE, R.I., March 4, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY) (the Company or Bally s ), today reported financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 and Recent Highlights Net income increased 51.4% year-over-year to $20.2 million, driven primarily by bargain purchase gains, as well as margin improvements and increased operational efficiencies Adjusted EBITDA decreased 47.6% to $21.1 million year-over-year, impacted by COVID-19 related regional capacity and health limitations Despite the difficulties in the quarter, the Company generated cash from operating activities of $17.8 million in the fourth quarter of 2020 compared to $21.4 million for the same period 2019 ....