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Bally’s Corporation (BALY) stock has tumbled to a 52-week low, touching $9.98, as the company faces a tough market environment. According to InvestingPro data, the company operates with a significant debt burden, with a debt-to-equity ratio of 7.0 and a concerning current ratio of 0.75. This latest price level reflects a significant drop from previous valuations, marking a challenging period for the gaming and hospitality company. Over the past year, Bally’s has seen its stock price decrease by 52.2%, with revenue declining by 1.93%. Two analysts have recently revised their earnings downward, with forecasts suggesting continued challenges ahead. The 52-week low serves as a critical indicator for investors who are monitoring the stock for potential rebounds or further declines as market conditions evolve. InvestingPro subscribers can access 12 additional key insights and a comprehensive analysis of BALY’s financial health.
In other recent news, Bally’s Corporation has announced several significant developments. The company reported the results of its 2025 Annual Meeting of Shareholders, where shareholders approved key proposals, including the election of directors and the ratification of Deloitte & Touche LLP as the independent auditor. Additionally, Bally’s has made a strategic investment of approximately USD $187 million in The Star Entertainment Group, an Australian gaming company, to support its turnaround efforts. Meanwhile, Fitch Ratings downgraded Bally’s Issuer Default Rating from ’B’ to ’B-’, citing high leverage and execution risks associated with the Chicago projects and other developments.
Furthermore, Citizens JMP maintained a Market Perform rating for Bally’s, noting the company’s expansion through acquisitions and its ongoing development pipeline, including the ambitious Chicago project. In executive news, Bally’s appointed Mira Mircheva as the new Executive Vice President and Chief Financial Officer, pending regulatory approvals, while Marcus Glover will transition to Executive Vice President of the Global Operations Group. Mircheva’s extensive financial expertise is expected to enhance Bally’s operational and financial strategies. These recent developments reflect Bally’s ongoing efforts to strengthen its market position and financial health amidst various opportunities and challenges.
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