Island Resort And Casino Harris Mi ue of 3. 43 million. Capacity and health restrictions stemming from the coronavirus pandemic hampered the operator’s results, but net income surged 51. 4 percent year-over-year to . free slots online 4u Pechanga Casino Near Me Rqzj 2 million. Bally’s generated cash from operating activities of . 8 million. no deposit bonus codes keep what you win In late trading, Bally’s stock is lower by almost 13 percent as growth stocks, of which the name is one, slide amid an ongoing spike in 10-year Treasury yields. Earlier today, yields on the benchmark US government bond topped 1. 50 percent. choctaw casino stigler

Further pressuring riskier assets today were ambiguous comments from Federal Reserve Chairman Jerome Powell regarding the central bank’s plan to deal with rising rates. no deposit bonus casino 2020 Market participants were hoping for more direct, forceful remarks. cache creek casino win lob statement Bally’s Stock Outlook Still SoundAs is the case with all domestic gaming companies, Bally’s contended with COVID-19 restrictions over the course of 2020, including the final three months. Sunset Station Casino Winners Ziai But the operator joins rivals in signaling some optimism for 2021. draftkings casino tiers offer mgm casino arizona Though fourth quarter results were impacted by various regional capacity and health limitations, most notably in Rhode Island, we expect to benefit from a strong rebound in demand across our properties, as well as the operational efficiencies and strong margin improvements that we have seen as a continuing trend since re-opening from the pandemic,” said CEO George Papanier in a statement. foxwoods resort casino 301 logo chinook winds casino or Adding to that encouraging commentary, Papanier pointed to “preliminary resultbicycle casino employee portals show markedly stronger consumer demand in January and February. ”The gaming company didn’t offer up specific financial forecasts for the current quarter or 2021. As of Dec. 31, Bally’s has 3. 4 million in cash on hand and access to a 5 million credit revolver. bovada casino download

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None of the operator’s debt matures before 2024. Talking DealsBally’s is one of the most acquisitive companies in the gaming industry, and it lived up to that billing in the fourth quarter. hard rock casino florida tampa In the last three months of 2020, the casino operator closed the purchase of its namesake venue in Atlantic City, while announcing the 5 million purchase of sports betting platform provider Bet. 8 clans seneca niagara casino Works and an million media partnership with Sinclair Broadcast Networks. In January, Bally’s said it’s buying daily fantasy sports (DFS) firm Monkey Knife Fight (MKF) and last month, it said it’s acquiring free-to-play games provider SportCaller. “The acquisition of SportCaller will enable the Company to use free-to-play games as an additional player engagement and retention tool in states that authorize sports betting, and expand the Company’s strong geographic presence beyond national borders, as SportCaller has more than 100 games in over 20 languages, and over 30 sports across 37 countries,” according to Bally’s. Accounting for yet-to-close deals, the company will operate 15 casino locations in 11 states. The UK Gambling Commission (UKGC) handed down its largest regulatory fine when it pubicycle casino employee portalnished Caesars Entertainment for a record £13 million (. doubledown casino tips winstar world casino jobs The M Club Online Casino Vrcu 2 million USD) in April of last year. But Britain’s gaming regulator wasn’t done. Raging Bull Casino Scams Zhwm

A busy London casino floor operated by Caesars Entertainment is seen here prior to the pandemic. slot casinos in california The UK Gambling Commission continues to levy penalties against the casino operator for regulatory shortcomings. (Image: Shutterstock)The ongoing investigation into Caesars has resulted in numerous executives with Personal Management License (PML) permits being subject to regulatory action. That’s according to the UKGC announcement this week thatThe regulator said seven PML holders received license warnings, two received conduct letters, and three PML licensees surrendered their rights to be involved in gaming operations. hard rock casino lake tahoe food Another licensee forfeited their license while under investigation, and another’s PML was revoked after failing to pay annual fees. Finally, 18 other PML individuals received letters on how to improve their business conduct. “All personal license holders should be aware that they will be held accountable, where appropriate, for the