Soaring Eagle Casino Acceb Card 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 . seminole casino tampa careers 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. 200 No Deposit Bonus Casino Fyjx 50 percent. 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. bellagio casino instagram Market participants were hoping for more direct, forceful remarks. wild casino promo 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. turtle creek casino golf Seneca Niagara Casino Resort Clkj But the operator joins rivals in signaling some optimism for 2021. kansas star casino floor plan

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. casino en queens hollywood casino restaurants As of Dec. Free Triple 7 Slot Games Drtf 31, Bally’s has 3. foxwoods resort casino mashantucket ct 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. r bar live 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 pufantasy springs casino facebooknished Caesars Entertainment for a record £13 million (. roulette casino d occasion

2 million USD) in April of last year. But Britain’s gaming regulator wasn’t done. gold coast casino fitneb center A busy London casino floor operated by Caesars Entertainment is seen here prior to the pandemic. when will valley forge casino open back up mountaineer casino website 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. coushatta casino texas casino card game 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. Bovada Online Casino Bakersfield Ywhs

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 bicycle casino covid