BALLYS SEC Filings

Bally's Corp insider ownership details were updated after an equity grant. A reporting group including Standard General L.P. and Soohyung Kim, who are identified as a director and 10% owners of Bally's, reported their holdings. Standard General is shown as beneficially owning 32,480,973 shares of Bally's common stock through private investment vehicles. On 12/31/2025, Mr. Kim received a grant of 3,027 shares of immediately vested restricted stock under Bally's 2021 Equity Incentive Plan at a stated price of $0, increasing his direct ownership to 64,080 shares. The reporting persons state they may be deemed to indirectly own the reported securities but disclaim beneficial ownership beyond their pecuniary interest.

Bally's Corporation reported an insider equity compensation event involving its Chief Executive Officer and director. On January 1, 2026, 35,714 restricted stock units in Bally's common stock vested. To cover tax withholding obligations related to this vesting, the company retained 16,786 shares, and the remaining shares increased the executive's directly owned common stock to 228,839 shares.

These restricted stock units were part of a grant of 72,574 units awarded on February 15, 2023, which vest in four scheduled installments ending with the January 1, 2026 tranche. Each unit delivers one share of Bally's common stock upon vesting under the terms of the award agreement.

Bally's Corp insider affiliates reported a significant share transfer. On 12/22/2025, a private investment vehicle managed by Standard General L.P. transferred 623,875 shares of Bally's common stock to a third party to repay approximately $11.5 million owed under a promissory note.

Following this transaction, Standard General, in its role as investment manager to private investment vehicles, is reported as beneficially owning 32,480,973 Bally's shares indirectly. Soohyung Kim, a director of Bally's and of entities related to Standard General, may be deemed to indirectly beneficially own these securities, although each reporting person disclaims beneficial ownership beyond their pecuniary interest.

Standard General L.P. has updated its ownership report for Bally's Corp common stock. Standard General beneficially owns 32,480,973 shares, representing 66.07% of the outstanding common stock based on the company’s reported 49,162,136 shares outstanding as of September 30, 2025. Kim Soohyung is reported as beneficially owning 32,542,026 shares, or 66.19% of the class, through direct and shared voting and dispositive power.

On December 22, 2025, a private investment vehicle managed by Standard General transferred 623,875 shares of Bally’s common stock to a third party in repayment of approximately $11.5 million owed under a promissory note. The amendment primarily updates the ownership percentages and reflects this share transfer, while confirming that other information from prior ownership reports remains in effect.

Bally’s Corporation filed an amended current report to add unaudited pro forma condensed combined financial information for Bally’s, Intralot S.A., and The Queen Casino & Entertainment, Inc. The pro forma data covers the combined businesses as of June 30, 2025, for the year ended December 31, 2024, and for the six months ended June 30, 2025, and is provided in Exhibit 99.1. The amendment states that no other part of the earlier October 8, 2025 report is changed, and it does not discuss any new developments at Bally’s or its subsidiaries.

Bally’s Corporation reported that it has entered into an amended and restated commitment letter that replaces a financing commitment originally arranged in July 2025. The new agreement provides up to $600 million of initial term loan commitments and up to $500 million of delayed draw term loan commitments from Ares Management Credit funds, King Street Capital Management, and TPG Credit. The company expects this new financing to be completed in the first quarter of 2026, subject to customary closing conditions, including completing the Twin River Lincoln Casino sale-leaseback transaction and repaying all of its existing term loan.

Bally's Corporation (BALY)11/24/2025, a private investment vehicle managed by Standard General distributed 254,896 shares of Bally's common stock in accordance with the vehicle's terms, at a reported price of $0 per share, coded as transaction type "J." After this transaction, the reporting persons show 33,104,848 shares of Bally's common stock beneficially owned indirectly and 61,053 shares owned directly. The filing states that Standard General and Mr. Kim may be deemed to indirectly beneficially own the reported securities but each disclaims beneficial ownership beyond his or its pecuniary interest.

Bally’s Corporation filed its quarterly report for the period ended September 30, 2025. The company reported Q3 revenue of $663,716 thousand and a net loss attributable to Bally’s of $102,912 thousand, or $1.70 per basic share. Income from operations was $989 thousand, reflecting higher costs and interest expense.

Following the February 7, 2025 merger with Queen, Parent and affiliates beneficially owned 73.8% of the common stock at closing. Bally’s issued 26,909,895 shares to SG Gaming and approximately 3,542,201 shares to other Queen stockholders, with the per share price under the agreement set at $18.25 for cash electing holders. The company repurchased shares for $416,180 thousand and issued warrants to purchase 384,536 shares in connection with a support agreement.

As of September 30, 2025, total assets were $7,554,927 thousand, long‑term debt was $3,722,621 thousand, and stockholders’ equity was $521,899 thousand. Cash and cash equivalents were $160,689 thousand, with restricted cash of $79,224 thousand. Operating cash flow for the Successor period was a use of $29,810 thousand, while financing activities provided $300,907 thousand, including $1,275,000 thousand of new debt and $591,349 thousand of repayments.

Bally’s Corporation filed a Form 12b-25 notifying a late filing of its Quarterly Report on Form 10‑Q for the period ended September 30, 2025. The company says it needs additional time to complete the review of its financial statements and expects to file the 10‑Q within the five‑day extension permitted under Rule 12b‑25.