Bally's Corporation

Bally's Corporation

BALY·NYSE

$13.16

-6.5%
Consumer CyclicalGambling, Resorts & Casinos

Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence, currently owning and managing 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to OSB licenses in 18 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, formerly Gamesys Group, a leading, global, interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. With 10,600 employees, the Company’s casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms. Bally’s also has rights to developable land in Las Vegas post the closure of the Tropicana. Upon completion of the announced merger with The Queen Casino & Entertainment Inc. (“Queen”), the above portfolio is expected to be supplemented with four additional casinos across three states, one of which will be an additional state that expands Bally’s jurisdiction of operations to include the state of Iowa. Queen will also add over 900 employees, and operations that currently include approximately 2,400 slot machines, 50 table games, and 150 hotel rooms to the Bally’s portfolio. Bally’s will also become the successor of Queen’s significant economic stake in a global lottery management and services business through its investment in Intralot S.A. (ATSE: INLOT).

At a Glance

Live Snapshot
Market Cap$544.33M
EPS-14.4500
P/E Ratio-0.91
Earnings Date07/30/2026
3Y-134.0%
5Y-568.0%
10Y-229.0%
3Y-702.0%
5Y-510.0%
10Y-15084.0%
3Y-2513.0%
5Y-385.0%
10Y+1115.0%
BALY

Bally's Corporation Cash Conversion Engine

BALY · NYSE
Net Income-567.75M
Depreciation & Amortization438.27M
Stock-Based Compensation14.75M
Change in Working Capital-88.69M
Others88.28M
Capital Expenditures-184.29M
Free Cash Flow-275.49M

Cash Flow Quality Analysis

FCF Conversion Rate

48.5%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-202.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-221.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$88.69M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Bally's Corporation Cash Flow Statement

BALY • NYSE

Bally's Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
OPERATING ACTIVITIES
-567.8M
-567.8M
-187.5M
-425.5M
-71.8M
-5.5M
55.1M
71.4M
62.2M
44.8M
438.3M
379.5M
350.4M
300.6M
144.8M
37.8M
33.6M
22.3M
22.2M
25.1M
23.9M
23.9M
-23.9M
-88.1M
-5.2M
1.2M
9M
5.9M
-5.1M
4.4M
14.8M
14.8M
24.1M
27.9M
20.1M
17.7M
3.8M
-1.5M
17.8M
6.3M
88.3M
283.1M
12.5M
419.1M
56.4M
23.3M
4.7M
10M
3.3M
6.9M
(0.0)
(2.2M)
(0.0)
(0.0)
(42.3M)
(3.8M)
(16.5M)
(22.2M)
(41M)
(39.1M)
-88.7M
-19.6M
13.1M
37.1M
-61.6M
-55M
-12.1M
1.1M
7.4M
-16.8M
-91.2M
114M
188.6M
271M
82.8M
19.5M
94.1M
109.2M
107.8M
70.7M
INVESTING ACTIVITIES
-199.8M
-199.8M
-502.2M
-505.2M
-162.7M
-15.3M
-28.2M
-128.9M
-47.9M
-10M
-788K
-788K
(317.1M)
(203.7M)
-2.3B
-429.1M
-9.6M
(7.1M)
(6K)
(0.0)
(0.0)
(0.0)
(0.0)
-3.2M
-22.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
162.7M
0.0
0.0
0.0
0.0
0.0
2B
298.5M
-22.7M
1.7M
-91K
-500K
-1.1M
11.3M
368K
-2.2M
(1.8B)
(97.8M)
-207.8M
-302.9M
-2.3B
-444.8M
-38.9M
-117.6M
-47.5M
-12.2M
FINANCING ACTIVITIES
-398M
0.0
-99.1M
-153.4M
580.8M
-33.3M
-223.1M
-8M
-2.3M
-20M
-581M
-354.5M
167.9M
232.6M
1.9B
414.3M
284.3M
473K
-26.9M
-3.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-3.2M
-7.5M
-640K
(0.0)
(0.0)
-416.2M
(0.0)
-99.1M
-153.4M
-87M
-33.3M
-223.1M
-8M
-2.3M
-20M
-64.2M
66.6M
-3.1M
-35.9M
-86.2M
-11.4M
-4.8M
4.7M
279K
-62.3M
-1B
-287.8M
65.8M
43.2M
2.4B
366.4M
48.9M
-3.4M
-28.9M
-85.9M
CASH FLOW SUMMARY
-14.8M
-8M
3.5M
-20.9M
-42.2M
0.0
0.0
0.0
0.0
0.0
675.4M
-84M
50.1M
-9.7M
148.3M
-58.9M
104.1M
-11.8M
31.4M
-27.4M
315.3M
315.3M
265.2M
274.8M
126.6M
185.5M
81.4M
93.2M
61.8M
89.2M
231.3M
231.3M
315.3M
265.2M
274.8M
126.6M
185.5M
81.4M
93.2M
61.8M
-275.5M
-85.8M
-122.9M
-141.3M
-80M
4.2M
65.9M
-19.6M
60M
60.7M

SEC Filings

BALY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 20, 2026
May 19, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 18, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 18, 2026
May 18, 2026
2026
10-K/A

10-K/A 2025 FY (Amended)

FY

April 20, 2026
December 31, 2025
2025
DEF 14A

DEF 14A 2025

N/A

April 09, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

March 23, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 16, 2026
March 16, 2026
2026
8-K

8-K 2026

N/A

February 17, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

February 12, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

February 02, 2026
January 27, 2026
2026
Showing 1 to 10 of 181 filings