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Bally's Corporation Announces Fourth Quarter And Full Year 2020 Results


Bally s Corporation Announces Fourth Quarter And Full Year 2020 Results
COMPANY ESTABLISHES FOUNDATION OF ITS INTERACTIVE DIVISION
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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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Bally's Corporation Announces Fourth Quarter And Full Year 2020 Results

Bally's Corporation Announces Fourth Quarter And Full Year 2020 Results
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Bally's Corporation Completes Acquisition Of Eldorado Shreveport


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 ....

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Shreveport's Eldorado Resort Casino gets new owners


Shreveport’s 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.
Bally’s Corporation purchased the casino from Caesars Entertainment, Inc. for $140 million on Wednesday, Dec. 23.
“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 Corporation.
Eldorado Resort Casino Shreveport has 1,401 slots, 54 tables and 403 hotel rooms.
“Eldorado Shreveport is a first-class, premier entertainment asset that is emblematic of the iconic Bally’s brand. With the close of this transaction, we are looking forward to integrating Eldorado Shreveport in ....

George Papanier , Bally Corporation , Caesars Entertainment Inc , Resort Casino Shreveport , Caesars Entertainment , Bossier City , Chief Executive Officer , Eldorado Shreveport , பால்லி நிறுவனம் , சீசர்கள் பொழுதுபோக்கு இன்க் , உல்லாசப்போக்கிடம் கேசினோ ஷ்ரெவெப்போருத , சீசர்கள் பொழுதுபோக்கு , முதலாளி நகரம் , தலைமை நிர்வாகி அதிகாரி , எல்டோராடோ ஷ்ரெவெப்போருத ,