https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/ Latest Casino and Gaming News Sun, 28 Apr 2024 13:35:36 +0000 hourly 1 https://wordpress.org/?v=6.4 https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/#comment-366921 Sun, 28 Apr 2024 13:35:36 +0000 https://www.abouttanzanitejewelry.com/news/?p=317271#comment-366921 Bally’s chances now for a successful new casino are identical to a blank vaccine card. They don’t have a shot!

]]> https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/#comment-365599 Sun, 14 Apr 2024 12:49:57 +0000 https://www.abouttanzanitejewelry.com/news/?p=317271#comment-365599 The all-time high record closing price for BALY stock was $73.63 in March 2021. Here’s what Sinclair Broadcast Group posted on 3/31/2021:
“Next Generation of Bally Sports is the First of Many Milestones within the Sinclair and Bally’s Partnership
BALTIMORE –
Today, Sinclair Broadcast Group (NASDAQ: SBGI) and Bally’s Corporation (NYSE: BALY) announced the official rebrand of its regional sports networks (RSNs) as Bally Sports, ushering in a new era in the way people watch and interact with live sports.” Now we can see why Sinclair Broadcast Group is no longer thrilled about THAT business decision and made THIS business decision.

]]> https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/#comment-365566 Sat, 13 Apr 2024 21:36:14 +0000 https://www.abouttanzanitejewelry.com/news/?p=317271#comment-365566 Sinclair Broadcast Group watches closely how BALY stock struggles to surpass even a $14.00 valuation. When will Bally’s future accelerating casino revenue that is hoped for actually be achieved? An important factor in generating that revenue includes retaining new customers. Bally’s Chicago will get only one chance to make that first impression with each new customer. Ask Bally’s current casino hotel guests nationwide if they are genuinely happy with their most recent visits to the many Bally’s casino hotel properties throughout the country. Read the most recent online reviews for Bally’s casinos posted in just the past six months. Ask those same patrons how soon they plan to return. Are they telling their friends, “That was really a great time at Bally’s last weekend! It was over the top and I enjoyed everything about the place. Let’s plan to go back there as soon and often as we can!” You won’t a find a single review like that, especially if you don’t take the time to actually look for the current pulse check of what is going on right now. Maybe repeating the same actions over and over again while expecting different results will not contribute to the accelerating casino revenue that is being hoped for by Bally’s. Those current customer reviews spell it out right now in real time.

]]> https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/#comment-365433 Sat, 13 Apr 2024 01:19:51 +0000 https://www.abouttanzanitejewelry.com/news/?p=317271#comment-365433 Sinclair is in a position to know more about Bally’s future prospects (including Soo Kim’s takeover bid) than most. It looks like they are cutting their losses…. last one out, don’t forget to turn off the lights!

]]> https://www.abouttanzanitejewelry.com/news/sinclair-selling-7-91-shares-of-ballys-stock/#comment-365424 Fri, 12 Apr 2024 23:15:26 +0000 https://www.abouttanzanitejewelry.com/news/?p=317271#comment-365424 A smart move by Sinclair and a much better decision than straightening the deck chairs on the Titanic!

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