Bally's Secures $600 Million Loan to Support New York Casino License Fees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
0mins
Should l Buy BALY?
Source: Newsfilter
- Increased Financing Commitment: Bally's has amended its commitment letter with Ares Management and others to raise the initial loan amount to $600 million, along with up to $500 million in delayed draw loans, enhancing the company's financial capacity for future growth.
- Liquidity Enhancement: Proceeds from the initial loan will be used to repay existing loans and cover expenses, ensuring the company's financial stability over the next five years and facilitating investments in online gaming and casino operations.
- Strategic Investment: The delayed draw loan will be utilized to pay New York state casino license fees, ensuring Bally's compliance in a competitive market while expanding its business operations.
- Asset Security: The new loans will be secured by substantially all material assets of the company and its wholly-owned subsidiaries, ensuring the safety of the financing and supporting future growth initiatives.
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Analyst Views on BALY
Wall Street analysts forecast BALY stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 9.740
Low
11.00
Averages
16.33
High
20.00
Current: 9.740
Low
11.00
Averages
16.33
High
20.00
About BALY
Bally's Corporation is a global casino-entertainment company with an omnichannel presence. The Company’s segment includes Casinos & Resorts and North America Interactive. It owns and operates approximately 19 casinos across 11 US states and one casino in Newcastle, UK, along with a golf course in New York and a horse racetrack in Colorado. It also owns Bally Bet, a sports betting and iGaming platform, licensed in 13 jurisdictions in North America. Its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Its Casinos & Resorts include Bally's Atlantic City, Bally’s Dover, Bally’s Tiverton and others. The North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands. The International Interactive segment includes the Company’s interactive European gaming operations, the Company’s global licensing operations, as well as one casino property, Bally’s Newcastle, in the United Kingdom.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Casino and Resort Revenue Boost: Revenue from casinos and resorts reached $366.2 million, a 12.9% year-over-year increase, benefiting from the February 2025 acquisition of Queen Casino & Entertainment, which solidifies the company's market position.
- Strong B2C Business: Bally's Intralot B2C revenue was $236.5 million, up 13.9% year-over-year, primarily driven by growth in the UK and Spain, showcasing the company's potential for international market expansion.
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See More
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- Market Confidence: Bally's Executive Chairman Soo Kim stated that the acquisition reflects the company's confidence in the Shreveport community and plans to reinvest to enhance the area's status as a premier gaming and entertainment destination, showcasing a long-term commitment.
- Strategic Adjustment: Boyd Gaming CEO Keith Smith noted that the sale aligns with the company's strategy to refine its operating model and nationwide property portfolio, indicating ongoing efforts to optimize asset allocation.
- Future Outlook: Bally's, as an existing operator, expects to close the transaction in Q3, subject to customary closing conditions and regulatory approvals, demonstrating confidence in the market's growth potential and the company's deep understanding of the local landscape.
See More
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- Transaction Details: Boyd Gaming Corporation announced the sale of Sam's Town Hotel and Casino in Louisiana to Bally's Corporation, with the transaction expected to close in Q3 2026; while terms were not disclosed, this move indicates Boyd's ongoing focus on refining its operational model.
- Market Confidence: Bally's Executive Chairman Soo Kim stated that the acquisition reflects their confidence in the Shreveport market, with plans to reinvest and strengthen the region's position as a premier gaming and entertainment destination, showcasing a commitment to future growth.
- Historical Context: Sam's Town has been part of Boyd Gaming since 2004, and CEO Keith Smith emphasized the importance of team members' contributions over the past two decades in providing excellent service to guests, highlighting the company's appreciation for its workforce.
- Strategic Adjustment: This sale aligns with Boyd Gaming's strategy of refining its nationwide property portfolio, indicating the company's commitment to adapting its assets to market changes while continuing to deliver outstanding customer experiences.
See More
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- Expanded Capital Deployment: Despite challenges in the financing environment, GLPI executed approximately $876 million in new transactions in 2025, with a blended cap rate exceeding 9%, laying the groundwork for future investment opportunities.
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See More
