U.K. Sports Betting Stocks Rocked By Gaming Taxes, U.S. Fears Overheated [Seeking Alpha]
Bally's Corporation (BALY)
Company Research
Source: Seeking Alpha
Play 8min Summary U.K. Treasury officials have announced a significant increase in gaming taxes, impacting the sports betting industry. This tax hike could lead to reduced profitability for betting companies and potential market volatility. Investors should closely monitor how companies adapt to these regulatory changes and reassess their positions accordingly. The decision underscores the importance of regulatory risk in investment strategies within the gaming sector. RgStudio Two weeks ago, U.K. Treasury officials stunned the sports betting industry by announcing a decision to raise gaming taxes from 21% to 42% in sequential raises until 2030. The startling move threw the sector into a sell off. Market leader Flutter ( The House Edge is widely recognized as the only marketplace service on the casino/gaming/online sports betting sectors, researched, written and available to SA readers by Howard Jay Klein, a 30 year c-suite veteran of the gaming industry. His inside
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BALY
News
- Bally’s Completes Previously Announced Sale Lease-Back of Bally’s Kansas City and Bally’s Shreveport to Gaming and Leisure PropertiesBusiness Wire
- Bally’s Corporation Announces New Rollover Election PeriodBusiness Wire
- Bally’s Corporation Stockholders Approve Merger Agreement With Affiliate of Standard General L.P.Business Wire
- Wynn Resorts: Soft Third Quarter Presents Buy On The Dip Opportunity For Those Who Know The Stock [Seeking Alpha]Seeking Alpha
- BALLY’S INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bally’s Corporation - BALYBusiness Wire
BALY
Earnings
- 11/6/24 - Miss
BALY
Sec Filings
- 12/11/24 - Form SC
- 12/11/24 - Form 8-K
- 11/21/24 - Form 8-K
- BALY's page on the SEC website