Bally's (BALY)

• Market cap: $723M
• 1 day: 0.57%
• 5 days: 0.06%
• 1 month: -0.22%
• 3 months: 3.25%
• 6 months: 53.28%
• Year to date: 32.29%
• 1 year: 27.82%
• 5 years: -31.25%
• 10 years: -40.63%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: Ballys Corp is a casino entertainment company with a growing omnichannel presence, currently owning and managing approximately 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to nearly 18 OSB licenses in states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally's Interactive International an interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. The casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.

Employees: 10,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

88% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 25

78% more call options, than puts

Call options by funds: $4.11M | Put options by funds: $2.31M

46% more capital invested

Capital invested by funds: $335M [Q2] → $490M (+$155M) [Q3]

21% more funds holding

Funds holding: 107 [Q2] → 129 (+22) [Q3]

0.83% more ownership

Funds ownership: 69.16% [Q2] → 69.99% (+0.83%) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 37

60% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 2 (-3) [Q3]