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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
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Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Why Bally's (BALY) Stock Is Up Today

BALY Cover Image

What Happened?

Shares of gaming, betting and entertainment company Bally's Corporation (NYSE: BALY) jumped 5.6% in the afternoon session after the company announced it secured approval from lenders for the sale and leaseback of its Twin River Lincoln Casino Resort. 

The deal with Gaming and Leisure Properties (GLPI) was expected to generate $735 million in cash, a significant sum the company planned to use to strengthen its financial position. Bally's stated that upon the transaction's closing, it would slash its secured debt by $500 million. This move directly addressed investor concerns about the company's unfavorable liquidity position. In addition to the debt reduction, the agreement allowed Bally's to extend a $460 million revolving credit facility by two years to 2028, giving it more financial flexibility. The news provided a clear signal that management was taking decisive steps to fortify the company's balance sheet.

The shares closed the day at $10.49, up 5% from previous close.

Is now the time to buy Bally's? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Bally’s shares are extremely volatile and have had 53 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 5 days ago when the stock dropped 0.9% on the news that the company announced amendments to its credit facility and secured lender consent for the sale and leaseback of its Twin River Lincoln Casino Resort. 

The casino operator secured an extension on $460 million of its revolving credit facility commitments, pushing the maturity date from 2026 to October 2028. Additionally, Bally's received unanimous consent from its revolving credit lenders for the proposed sale and leaseback of its Twin River Lincoln property to Gaming and Leisure Properties Inc. for $735 million in cash. The transaction is aimed at significantly reducing the company's debt load. Upon the deal's completion, Bally's plans to use the proceeds to reduce its secured debt and credit facilities by $500 million, a move that improves its financial flexibility and strengthens its balance sheet.

Bally's is down 46% since the beginning of the year, and at $10.50 per share, it is trading 52.4% below its 52-week high of $22.07 from November 2024.

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