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Bally’s Corporation (BALY) stock has tumbled to a 52-week low, touching $9.07, as the company faces a turbulent market environment. With a concerning debt-to-equity ratio of 7.0 and a weak current ratio of 0.75, InvestingPro analysis indicates the company operates with significant financial constraints. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a steep decline of -55.73% over the past 12 months. Investors are closely monitoring Bally’s performance as the gaming and hospitality industry grapples with various headwinds, including regulatory challenges and shifting consumer trends. The company’s ability to navigate through these obstacles remains a focal point for shareholders and market analysts alike, with InvestingPro reporting that multiple analysts have recently revised their earnings expectations downward. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, though significant risks remain.
In other recent news, Bally’s Corporation has made several significant announcements. The company revealed a strategic investment of USD $187 million in The Star Entertainment Group, an Australian gaming company, through a multi-tranche issuance of convertible notes and subordinated debt. This move is intended to support The Star’s turnaround efforts and could potentially result in Bally’s owning a significant share of The Star’s capital, pending shareholder and regulatory approvals. Additionally, Bally’s Corporation’s Issuer Default Rating was downgraded by Fitch Ratings from ’B’ to ’B-’, primarily due to high leverage and anticipated financial pressures from ongoing projects.
Furthermore, Bally’s shareholders approved key proposals at the 2025 Annual Meeting, including the election of directors and the ratification of Deloitte & Touche LLP as the independent auditor. In terms of leadership, Bally’s appointed Mira Mircheva as the new Executive Vice President and Chief Financial Officer, pending regulatory approvals, while Marcus Glover transitions to Executive Vice President of the Global Operations Group. Citizens JMP maintained a Market Perform rating for Bally’s stock, highlighting the company’s development pipeline and potential opportunities in New York and Las Vegas.
These developments reflect Bally’s ongoing efforts to expand and strengthen its market position. The company continues to manage its diverse portfolio, including casinos and online platforms, while navigating financial challenges and growth opportunities.
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