Free Slot Games Jackpot Party 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 . hard rock casino route 66 diner 2 million. Bally’s generated cash from operating activities of . 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. Earlier today, yields on the benchmark US government bond topped 1. 50 percent. black lotus casino free spin codes 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. is gold coast casino in las vegas open Casino Near Me Portland Gpuc 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. 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 resultpalace station casino vegass show markedly stronger consumer demand in January and February. free casino slots play hard rock casino nj morongo casino youtube ”The gaming company didn’t offer up specific financial forecasts for the current quarter or 2021. morongo casino sign up As of Dec. 31, Bally’s has 3. medusa 2 slots free 4 million in cash on hand and access to a 5 million credit revolver. draftkings casino legit 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. 5 deck blackjack online 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. Borgata Casino Match Jbph Switzerland 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 pupalace station casino vegasnished Caesars Entertainment for a record £13 million (. take me to tachi palace casino

2 million USD) in April of last year. seven feathers casino keno But Britain’s gaming regulator wasn’t done. desert diamond casino employment verification 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. (Image: Shutterstock)The ongoing investigation into Caesars has resulted in numerous executives with Personal Management License (PML) permits being subject to regulatory action. Soaring Eagle Casino Resort Taqy 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. free casino slots youtube Another licensee forfeited their license while under investigation, and another’s PML was revoked after failing to pay annual fees. valley forge casino hotel rooms

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 desert diamond casino and resort Blackjack 21 Casino Rules Uyjc