Australia's Star eyes Bally's lifeline after failing to secure new debt package
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
0mins
Should l Buy BALY?
Source: Reuters
Star Entertainment's Financial Struggles: Australia's Star Entertainment is seeking a lifeline from U.S. casino group Bally's Corp after a failed A$940 million refinancing proposal from Salter Brothers Capital, amid ongoing debt issues and regulatory investigations.
Current Liquidity Crisis: Star has only enough cash to operate for one week and remains unable to release its half-year results due to the lack of an appropriate refinancing solution, with trading of its shares suspended on the Australian Securities Exchange.
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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: 9.640
Low
11.00
Averages
16.33
High
20.00
Current: 9.640
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.
- Surge in Interactive Revenue: North America Interactive revenue hit $62.3 million, a 55.4% year-over-year increase, reflecting robust growth in iGaming and sports wagering, signaling enhanced profitability prospects for the future.
See More
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- 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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- Steady AFFO Increase: The Adjusted Funds from Operations (AFFO) for Q4 2025 was $290 million, up 7.5% year-over-year, reflecting ongoing improvements in lease stability and operational efficiency, enhancing potential shareholder returns.
- 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.
- Strong Financial Leverage: As of year-end 2025, the company's net debt to adjusted EBITDA ratio stood at 4.6, below the lower end of its target range, indicating the company's capacity to meet financial commitments while enabling further expansion.
See More
