Posts Tagged ‘Bally’s’
Gambling Stocks Tumbling After Post-COVID Highs
DraftKings (DKNG), Caesars (CZR), Penn Entertainment (PENN), Bally’s (BALY), and Gambling.com (GAMB) all saw major spikes between 2020-2021. Since then, many gambling stocks have fallen in the market, with PENN down nearly 75% from its 5-year high. The gambling industry now faces a credibility reset, with cautious sentiment and realistic valuations. LAS VEGAS – Stocks…
Read MorePromotional Spending Pays Early Dividends For NY Sportsbooks
Caesars Sportsbook staked their claim as New York’s mobile sportsbook market leader shortly after launch, largely as a result of unprecedented promotional spending. While this promotional spending allowed Caesars to capture a large sector of market share, a new report indicates that high promotional spending may be a death sentence for the market. ALBANY, N.Y.…
Read MoreBally’s Acquires Sport Caller, A Free-to-Play Games Provider
Bally’s Corporation acquired SportCaller, a free-to-play game provider for betting companies around the world. Bally’s has 14 casino properties in 10 states across the U.S. already. Bally’s recently acquired Monkey Knife Fight the third-largest daily fantasy company in the U.S. and plans on further expanding in the U.S. sports betting market. LAS VEGAS – The…
Read MoreR.I. Twin River Casinos Purchase Bally’s Brand Name For $20 Million
Twin River casino locations in the nation will now be renamed Bally’s as part of a deal with Caesars Entertainment. The deal cost Twin River an estimated $20 million when all was said and done to be able to use the Bally’s name as their own. LAS VEGAS – Twin River Worldwide Holdings (TRWH) has…
Read MoreCasinos In Atlantic City Suffer $112M Loss In 2nd Quarter
The nine casinos in Atlantic City had a combined loss of $112 million in the second quarter because of the three-month period they were closed because of COVID-19. Online gambling platforms fared better for New Jersey even allowing a few to profit during the mandatory closures of land-based establishments. ATLANTIC CITY, N.J. – Atlantic City…
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