In a recent interview, Bally’s CEO Kim said that the company plans to launch their new mobile sports betting app in April.
This is great news for sports fans in New York, who will now be able to place bets on their favorite teams right from their phones! BallyBet is one of the first companies to receive a license to offer sports betting in New York, and they are planning to take advantage of this opportunity.
The stock price of Bally’s Corp., which hit its 52-week high last March at $75.92 per share, has trended downward since then and reached a new low this past week when it dipped below 26 dollars for the first time in quite some time with shares closing on Tuesday night near 27$.
The future of sports betting: according to one expert who spoke at length on this topic, was that there would be a contraction in markets. With New York having nine operators competing against one another when they all launch he noted other states have more licensees -or the ability-to offer greater variety for bettors .
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Stay tuned for more information about Bally’s upcoming mobile sports betting app. In the meantime, make sure you stay up-to-date with all the latest sports news and bets by following Sport Betting New York.
