Bally's (BALY) Stock Forecast & Price Target

Bally's Corporation reported a 12% year-over-year increase in revenues for the third quarter, excluding the impact of the divested Asia business, with notable growth in its Casino & Resorts and North America Interactive segments, which saw revenue increases of 15% and 22% respectively. The company's entry into the online gaming market continues to yield positive results, as online revenues grew by 8% year-over-year, showcasing resilient market share despite regulatory challenges. Additionally, Bally's reported an EBITDA of $2.5 million for the North America Interactive segment, indicating positive momentum driven by the integration of the Queen interactive business and solid performance in its UK operations.

Bally's Corporation reported a decline in revenues within its International Interactive segment, indicating a -7% year-over-year drop, which reflects a persistent challenge following the divestiture of its Asia interactive business, contributing to a broader negative performance. The North America Interactive division saw a return to negative growth, with various operational challenges, including construction disruptions and issues with high-stakes customer hosts, further exacerbating financial difficulties. Additionally, the company's EBITDAR fell short of expectations, suggesting underlying valuation concerns as the stock appears over-priced relative to peers, coupled with high net leverage that may lead to increased volatility in the near term.