Citizens Reiterates Market Perform Rating on Bally's Corp (BALY), Cites Casino Project Spending

Citizens analyst Jordan Bender reiterated a Market Perform rating and {REMOVEPT} price target on Bally's Corp (NYSE: BALY).

The analyst commented, "Capital outlay associated with the Chicago casino is expected to commence in 2H25, with the remainder anticipated to be expended in 2026 and some capital likely rolling into 2027. Other funding projects included within our model are the Ione casino in Northern California, Belle of Baton Rouge, and Marquette. Excluded from our model are the Republic Sonoma County tribal funding re-development, the Oakland A’s stadium, and Penn’s Ameristar project; these projects are either at the tenants’ discretion or project commencement and timing of GLPI’s capital is too vague to determine at this time. We also exclude the Rhode Island sale-leaseback, with a late-2026 call option that could be accelerated by the tenant following some debt restructuring."

For an analyst ratings summary and ratings history on Bally's Corp click here. For more ratings news on Bally's Corp click here.

Shares of Bally's Corp closed at $12.06 yesterday.

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