Bally’s Corporation Intrinsic Value Calculator – Bally’s Corporation Ends Partnership with Monkey Knife Fight, Announces Move to Bet.Works

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Bally’s Corporation ($NYSE:BALY), the world-renowned gaming and entertainment company based in Las Vegas, has recently announced the end of its partnership with Monkey Knife Fight. The end of its partnership with Monkey Knife Fight signals a move by Bally’s away from the online gaming space towards Bet.Works, a sports betting platform. With this move, Bally’s aims to expand its customer reach and deepen existing relationships while building a stronger presence in the competitive sports betting space. This partnership will enable Bally’s to offer customers a more comprehensive set of gaming and betting products, including an immersive online sportsbook experience.

Bally’s is making moves to stay ahead of the curve when it comes to online gaming and betting, and this shift to Bet.Works is yet another indication that the company is well-positioned to remain a leader in the industry. With its new partnership, Bally’s is sure to provide a seamless and enjoyable gaming experience for its customers, while continuing to deliver on its commitment to responsible gaming.

Price History

On Tuesday, BALLY’S CORPORATION stock opened at $14.4 and closed at $14.7, up by 2.1% from prior closing price of 14.4. This increase came as a result of the company announcing that it has ended its partnership with Monkey Knife Fight and will be partnering with Bet.Works for its sports betting and iGaming platform. The new partnership with Bet.Works allows BALLY’S CORPORATION to move into the world of sports betting and iGaming. With this move, the company hopes to reach a wider audience and offer more comprehensive services to its customers. They believe that this new partnership will help them to provide better customer service, improved betting options, and increased security.

The new partnership also brings with it an improved customer experience as Bet.Works is known for its innovative technology and user-friendly interface. This will prove beneficial for both BALLY’S CORPORATION and its customers as they can access a wider range of betting options and enjoy more secure transactions. Overall, the move to partner with Bet.Works is an exciting one for BALLY’S CORPORATION as it marks their entrance into the world of sports betting and iGaming. With this new partnership, they hope to reach a wider audience and improve their customer service. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis – Bally’s Corporation Intrinsic Value Calculator

At GoodWhale we have conducted an analysis of BALLY’S CORPORATION‘s financials. Our proprietary Valuation Line has determined that the intrinsic value of a BALLY’S CORPORATION share is around $67.0. Currently the stock is trading at $14.7, which represents an undervaluation of 78.1%. More…

Peers

Despite the fierce rivalry, Ballys Corp has managed to remain an industry leader, through its innovative approach to gaming, customer service, and technological advances.

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Century Casinos Inc is a company that operates casinos and gaming venues throughout the world. It has been in operation since 1992 and has grown to become one of the largest gaming operators in the world. As of 2023, Century Casinos Inc has a market capitalization of 263.4 million and a Return on Equity (ROE) of 32.18%. This indicates that the company is efficiently utilizing its resources to generate profit. The company operates several casinos in Europe, Canada, and the United States, including Colorado, Missouri, and West Virginia. It also provides online gaming services via its websites and mobile applications. Century Casinos Inc is committed to providing quality entertainment experiences to its customers and has been investing in technology and new gaming products.

– Boyd Gaming Corp ($NYSE:BYD)

Boyd Gaming Corporation is a leading diversified owner and operator of gaming entertainment properties located in the United States. The company operates a variety of casinos, hotels, and entertainment venues throughout the country. As of 2023, Boyd Gaming has a market cap of 6.38B and a Return on Equity of 36.77%, indicating strong financial performance over the past few years. The company is well positioned to continue to build on its success and capitalize on future growth opportunities.

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Escalade Inc is a public company that manufactures and markets sporting goods, office products, and home furniture. It has a market capitalization of 168.52M as of 2023, meaning that the total value of all the company’s shares is worth 168.52M. Additionally, Escalade Inc has a Return on Equity (ROE) of 11.14%, which measures how efficiently the company is using its equity to generate profits. This indicates that the company is making good use of its shareholders’ investments and is delivering good returns.

Summary

Bally’s Corporation, a U.S.-based gaming and betting company, recently announced its decision to shut down its subsidiary Monkey Knife Fight while moving operations to Bet.Works. This move is seen as an effort to strengthen Bally’s presence in the sports betting and iGaming markets. Bally’s current portfolio includes several key businesses such as Bally’s Casino, Bally’s Online Sportsbook, and Bally’s Betting Exchange. With the new move, Bally’s aims to increase their market share in the sports betting and iGaming industry. Going forward, investors can expect the company to focus on expanding its operations in the US gaming market.

Additionally, Bally’s is looking to expand its customer base with more offerings in the digital gambling space. This could lead to higher revenue growth for the company.