$13.16
-2.7%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).
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
BALY • NYSE
| Bally's Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 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 |
BALY - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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