House Finance Committee passes reworked lottery contract
Updated at 7:21 p.m. on May 6, 2021.
RHODE ISLAND s House Finance Committee has approved amended lottery legislation regarding an agreement with International Game Technology PLC and its partner, Bally’s Corp., to solidify a 20-year deal to run the state-sponsored gambling operation. / PBN FILE PHOTO/ARTISTIC IMAGES
PROVIDENCE – Rhode Island’s House Finance Committee passed its amended lottery contract legislation by a vote of 11 to two on Thursday at Veterans Memorial Auditorium. Two Republicans, House Minority Leader, Blake A. Filippi, R-New Shoreham, and Rep. George A. Nardone, R-Coventry, opposed the bill.
The legislation will be voted on in the R.I. House of Representatives on May 11, and then sent to the R.I. Senate for consideration.
Tony s Kansas City
Wednesday, April 14, 2021
EPIC Kansas City Casino Gamble At Riverfront Streetcar End of Line
What was formerly the best place in this town for low-rent denizens to grab breakfast for under 5 bucks will soon be a slightly more upscale venue hoping to lure tourists and their disposable income.
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Casino KC s new owners hope to roll triple sevens with a redevelopment project they say could bring about amenities competitive in both the Kansas City metro area and nationwide casino markets. Rhode Island-based Bally s Corp., formerly known as Twin River Worldwide Holdings Inc., anticipates breaking ground this summer on the first phase of the transformation to the [.]
No Place Like Home
Housing prices continue to skyrocket in the Kansas City metro. The Kansas City area saw a more than 64% drop in the number of houses on the market between February 2020 and 2021, according to the Kansas City Regional Association of Realtors.
Betting Big Down By The River
Casino KC s new owners hope to roll triple sevens with a redevelopment project they say could bring about amenities competitive in both the Kansas City metro area and nationwide casino markets. Rhode Island-based Bally s Corp., formerly known as Twin River Worldwide Holdings Inc., anticipates breaking ground this summer on the first phase of the transformation to the former Isle of Capri.
Bally s Corporation Announces Fourth Quarter And Full Year 2020 Results
COMPANY ESTABLISHES FOUNDATION OF ITS INTERACTIVE DIVISION
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PROVIDENCE, R.I., March 4, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY) (the Company or Bally s ), today reported financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 and Recent Highlights
Net income increased 51.4% year-over-year to $20.2 million, driven primarily by bargain purchase gains, as well as margin improvements and increased operational efficiencies
Adjusted EBITDA decreased 47.6% to $21.1 million year-over-year, impacted by COVID-19 related regional capacity and health limitations
Despite the difficulties in the quarter, the Company generated cash from operating activities of $17.8 million in the fourth quarter of 2020 compared to $21.4 million for the same period 2019
Bally s Corporation Announces Fourth Quarter And Full Year 2020 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.