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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 ....
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Press release content from PR Newswire. The AP news staff was not involved in its creation. Bally’s Corporation Completes Acquisition Of Eldorado Shreveport December 23, 2020 GMT (PRNewsfoto/Twin River Worldwide Holdings, Inc.) PROVIDENCE, R.I., Dec. 23, 2020 /PRNewswire/ Bally’s Corporation (NYSE: BALY) (the “Company”) today announced that it has completed the previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment, Inc. (NASDAQ: CZR). The total purchase price of the acquisition was $140 million, subject to customary adjustments, and was funded with cash on hand and available borrowings under the Company’s revolving credit facility. “Eldorado Shreveport represents the latest step in our ongoing portfolio diversification strategy, expanding our rapidly growing geographic footprint into the attractive Shreveport/Bossier City market,” said George Papanier, President and Chief Executive Officer of Bally’s ....
Shreveportâs Eldorado Resort Casino gets new owners (Source: WBTV) By Kaitlyn Gibson | December 23, 2020 at 11:41 AM CST - Updated December 25 at 5:02 AM SHREVEPORT, La. (KSLA) - Eldorado Resort Casino Shreveport has a new owner. Ballyâs Corporation purchased the casino from Caesars Entertainment, Inc. for $140 million on Wednesday, Dec. 23. âEldorado Shreveport represents the latest step in our ongoing portfolio diversification strategy, expanding our rapidly growing geographic footprint into the attractive Shreveport/Bossier City market,â said George Papanier, President and Chief Executive Officer of Ballyâs Corporation. Eldorado Resort Casino Shreveport has 1,401 slots, 54 tables and 403 hotel rooms. âEldorado Shreveport is a first-class, premier entertainment asset that is emblematic of the iconic Ballyâs brand. With the close of this transaction, we are looking forward to integrating Eldorado Shreveport in ....