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MarketBeat
MarketBeat
Business
Chris Markoch

Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?

It’s been a mostly bullish earnings season for casino stocks with names like MGM Resorts International (NYSE: MGM) and Las Vegas Sands Corp. (NYSE: LVS) having posted solid earnings. But the third time wasn’t a charm for Bally’s Corp. (NYSE: BALY).

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Bally’s is part of the consumer discretionary sector at a time when investors are trying to figure out the actual state of the consumer. In 2024, consumers continued spending on entertainment, including online and on-premises gambling. However, the data is getting muddier in 2025, so investors are paying close attention to what gaming companies say.

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