Dover Downs owner Bally s engineers sale-leaseback of Delaware property s real estate delawarebusinessnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delawarebusinessnow.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Bally s Corporation (NYSE: BALY), a leading U.S. omnichannel provider of land-based gaming and interactive entertainment, today welcomed the.
/PRNewswire/ Bally s Corporation (NYSE: BALY), a leading U.S. omnichannel provider of land-based gaming and interactive entertainment, today announced that.
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.
Bally s Corporation Announces First Quarter 2021 Results
Achieves Record Quarterly EBITDA
News provided by
Share this article
Share this article
PROVIDENCE, R.I., May 10, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY) (the Company or Bally s ), today reported financial results for the first quarter ended March 31, 2021.
First Quarter 2021 and Recent Highlights
Income from operations of $29.5 million represents strongest quarter since second quarter 2019
Adjusted EBITDA of $52.5 million is up $30.4 million, or 137.9%, from the same period in 2020
Adjusted EBITDA margins of 27.29% represent an increase of 708 bps year-over-year
Announced transformational agreement to acquire Gamesys Group plc to further omni-channel strategy
Strengthened consumer confidence, limited entertainment options and disciplined operating strategy contributed to record results at many properties