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Bally's Corporation Announces First Quarter 2021 Results

Bally s Corporation Announces First Quarter 2021 Results
Achieves Record Quarterly EBITDA
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PROVIDENCE, R.I., May 10, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY) (the Company or Bally s ), today reported financial results for the first quarter ended March 31, 2021.
First Quarter 2021 and Recent Highlights
Income from operations of $29.5 million represents strongest quarter since second quarter 2019
Adjusted EBITDA of $52.5 million is up $30.4 million, or 137.9%, from the same period in 2020
Adjusted EBITDA margins of 27.29% represent an increase of 708 bps year-over-year
Announced transformational agreement to acquire Gamesys Group plc to further omni-channel strategy
Strengthened consumer confidence, limited entertainment options and disciplined operating strategy contributed to record results at many properties ....

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Gaming and Leisure Properties, Inc. Reports First Quarter 2021 Results

(1) FFO is net income, excluding (gains) or losses from sales of property and real estate depreciation as defined by NAREIT.
(2) AFFO is FFO, excluding stock based compensation expense, the amortization of debt issuance costs, bond premiums and original issuance discounts, other depreciation, amortization of land rights, straight-line rent adjustments and losses on debt extinguishment, reduced by capital maintenance expenditures.
(3) Adjusted EBITDA is net income, excluding interest, taxes on income, depreciation, (gains) or losses from sales of property, stock based compensation expense, straight-line rent adjustments, amortization of land rights, and losses on debt extinguishment.
Peter Carlino, Chairman and Chief Executive Officer of GLPI, commented, Our record first quarter financial results highlight our long-term focus on aligning with the industry s top regional gaming operators, expanding and diversifying our ....

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Flutter Entertainment Back in Court, Virtue Poker Ready to Launch in May, and Las Vegas Casinos to Open at 100% Capacity in June

Flutter Entertainment Back in Court, Virtue Poker Ready to Launch in May, and Las Vegas Casinos to Open at 100% Capacity in June
highstakesdb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from highstakesdb.com Daily Mail and Mail on Sunday newspapers.

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Seattle DJC.com local business news and data - Weekend - Bally's buying Tropicana hotel for $308M

By KEN RITTER
Image from iStockPhoto
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The Tropicana Las Vegas Hotel and Casino is being sold. Bally’s Corp. announced it will acquire the iconic Las Vegas Strip property from Gaming and Leisure Properties Inc. for about $308 million.
LAS VEGAS The Tropicana Las Vegas Hotel and Casino, a Sin City namesake, is being sold to a new entrant among Las Vegas Boulevard resort owners.
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Five on Friday: April 16th, 2021

Five on Friday: April 16th, 2021
A look at the must-read news stories impacting the hospitality industry this week
Words by: Caitlin St John
The Gun Violence Memorial Project; photo courtesy of National Building Museum/Elman Studio
The Gun Violence Memorial Project; photo courtesy of National Building Museum/Elman Studio
News:
A look at the must-read news stories impacting the hospitality industry this week
Words by: Caitlin St John
The Tropicana Las Vegas has a new owner, a longtime restaurant critic shares his pulse on the state of New York’s restaurant scene, and the deadline for HD Awards submissions has been extended. All that and more in this week’s Five on Friday. ....

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