Bally’s Secures New Term Loan and Sale-Leaseback Financing
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Bally’s Corporation ( (BALY) ) has shared an update.
On February 11, 2026, Bally’s Corporation entered into a new term loan credit facility due 2031, securing $1.1 billion in funded term loans from funds managed by Ares Management, King Street Capital Management, and TPG Credit. On the same date, the company also closed a previously announced sale and leaseback of the real estate assets of its Twin River Lincoln Casino Resort with GLP Capital, a subsidiary of Gaming and Leisure Properties, for total consideration of $700 million before transaction expenses and taxes, with initial annual cash rent set at $56 million and customary escalators.
Bally’s plans to use proceeds from the new term loans for general corporate purposes, including development of its planned casinos in the Bronx and Chicago, and will combine cash from its October 2025 Intralot transaction, the Lincoln sale-leaseback, and part of the new financing to fully repay $1.47 billion of term loans maturing in 2028. The new facility, secured by substantially all material assets of the company and its wholly owned subsidiaries subject to customary exceptions, restructures Bally’s balance sheet and bolsters liquidity as it advances large-scale development projects, potentially strengthening its financial flexibility and positioning in the competitive U.S. gaming market.
The most recent analyst rating on (BALY) stock is a Sell with a $14.50 price target. To see the full list of analyst forecasts on Bally’s Corporation stock, see the BALY Stock Forecast page.
Spark’s Take on BALY Stock
According to Spark, TipRanks’ AI Analyst, BALY is a Neutral.
The score is primarily held down by weak financial performance—ongoing losses, negative free cash flow, and high leverage. Technicals also lean bearish with price below key moving averages and negative MACD, while valuation is difficult to justify due to negative earnings. Corporate events provide a modest offset via improved financing flexibility, partially tempered by governance risks.
To see Spark’s full report on BALY stock, click here.
More about Bally’s Corporation
Bally’s Corporation is a fast-growing global entertainment and gaming company operating 19 casinos across 11 U.S. states and one in Newcastle, UK, along with a golf course in New York and a horse racetrack in Colorado. The company also runs the Bally Bet sports betting and igaming platform in 13 North American jurisdictions, holds a majority stake in lottery and igaming provider Bally’s Intralot S.A., and is developing major casino resort projects in Las Vegas, New York’s Bronx, and Chicago.
Its casino portfolio includes roughly 17,700 slot machines, 630 table games, and 3,950 hotel rooms and is supported by approximately 10,800 employees worldwide. Bally’s is positioning itself as an integrated, multi-channel gaming and entertainment brand, leveraging both land-based casinos and digital betting platforms to expand its presence in key U.S. and international markets.
Average Trading Volume: 109,350
Technical Sentiment Signal: Sell
Current Market Cap: $735M
Learn more about BALY stock on TipRanks’ Stock Analysis page.
