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Bally’s Stock Slumps as Atlantic City Prompts 2022 Estimate CutsWritten by: Todd Shriber

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Bally’s (NYSE:BALY) stock slumped Thursday after the regional casino operator cut 2022 revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) estimates, citing weakness at its eponymous Atlantic City venue and foreign currency headwinds. The company is now expecting 2022 EBITDA of $535 million to $550 million on sales of $2.2 billion to $2.3
The post Bally’s Stock Slumps as Atlantic City Prompts 2022 Estimate Cuts appeared first on Casino.org.
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