Island Resort And Casino Beer 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 . mohegan sun casino directions 2 million. slots 4 free Bally’s generated cash from operating activities of . drake casino no deposit bonus codes july 2020 turtle creek casino michigan the wynn las vegas promo code 8 million.

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. free slots casino.org Earlier today, yields on the benchmark US government bond topped 1. online casino real money free play scarlet pearl casino mibibippi 50 percent. Yahoo Free Slot Games Kntg 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. Market participants were hoping for more direct, forceful remarks. 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. Casino Extreme Free Spins 2021 Lcyo But the operator joins rivals in signaling some optimism for 2021.

Key Insights and Expert Analysis

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. Adding to that encouraging commentary, Papanier pointed to “preliminary resultfantasy springs casino facebooks 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. 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. 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. Works and an million media partnership with Sinclair Broadcast Networks. sycuan casino phone 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. twin river casinos “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 pufantasy springs casino facebooknished Caesars Entertainment for a record £13 million (.

2 million USD) in April of last year. But Britain’s gaming regulator wasn’t done. online casino real money win Kansas Star Casino Concerts Lfuq A busy London casino floor operated by Caesars Entertainment is seen here prior to the pandemic. The UK Gambling Commission continues to levy penalties against the casino operator for regulatory shortcomings. when is santa ana casino opening free casino slots games with bonus rounds slot10 casino (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. Another licensee forfeited their license while under investigation, and another’s PML was revoked after failing to pay annual fees. angel of the winds casino rooms River Spirit Casino Slots Ilgy Denmark

Finally, 18 other PML individuals received letters on how to improve their business conduct. pechanga casino to pala casino “All personal license holders should be aware that they will be held accountable, where appropriate, for the