Shares of Bally’s (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based gaming company to “hold” from “buy,” while cutting his price target on the stock to $38 from $54, implying only […]

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Bally’s Corp. (NYSE:BALY) stock is slumping today after the gaming company’s fourth-quarter results fell short of Wall Street estimates due, in large part, to a miss by the operator’s international interactive unit. In the October through December period, the Rhode Island-based casino operator lost $1.87 a share on revenue of $547.7 million. Analysts expected earnings […]

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Bally’s (NYSE:BALY) said it has formed a special committee to evaluate the recent takeover offer made by hedge fund Standard General, the casino operator’s largest shareholder. Standard General is controlled by Soo Kim, a member of Bally’s board. Last week, the investment firm filed an acquisition bid valuing the gaming company at $38 a share, […]

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Once Bally’s Corporation finalizes its purchase of the Tropicana Las Vegas, it will likely rename it to Bally’s, but a complete demolition and rebuild is a possibility.

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