Bally’s Corporation said Bally’s New York Operating Company, LLC, its indirect wholly owned subsidiary, and certain other subsidiaries entered an amended and restated loan and security agreement with WhiteHawk Capital Partners, LP, as agent for the lenders. The agreement added certain subsidiaries formed for the Bally’s Bronx project as obligors. Its $400 million closing-date term loan commitments were fully funded on October 1, 2026. Proceeds will pay certain pre-construction costs and project expenditures, with a portion used for general corporate purposes, including transaction fees and expenses.
$160 million in delayed-draw term loan commitments remains available for future draws for certain Bronx project pre-construction costs and expenditures. The $4.0 billion integrated casino project is expected to open by 2030 and is described as including 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center and an 18-hole golf course. Other material loan terms are consistent with those of the prior loan agreement.
Bally’s Corporation (BALY) entered into a new senior secured loan and security agreement on September 4, 2026 through its indirect subsidiary Bally’s New York Operating Company, LLC and related guarantor subsidiaries. The agreement with WhiteHawk Capital Partners provides closing date term loan commitments of $400 million and delayed draw term loan commitments of $160 million to support the Bally’s Bronx project and general corporate purposes.
The Loans will mature 18 months after their initial funding and, when funded, will bear interest at Term SOFR plus 8.50% per annum, subject to a floor. They will be guaranteed by the New York guarantor entities and secured by substantially all assets of the Bally’s New York loan parties. The agreement includes mandatory prepayments from certain asset sales, casualty events and unpermitted debt, permits voluntary prepayment (with a fee on full prepayment), and imposes covenants restricting additional indebtedness, dividends, asset sales, investments and liens, along with construction and development covenants tied to the Bally’s Bronx project.
Bally's Corporation (BALY) announced a senior finance leadership transition. Executive Vice President and Chief Financial Officer Mira Mircheva notified the company on August 30, 2026 of her intent to resign as CFO, effective September 4, 2026, and will remain through September 30, 2026 to support a seamless transition. The company states that her departure is for personal reasons and not due to any dispute with Bally’s. President and director George Papanier, a gaming industry veteran and Certified Public Accountant, has been appointed interim Chief Financial Officer effective September 4, 2026 while the Board conducts a search for a permanent CFO. Papanier will retain his roles as President and board member, and is described as supported by an experienced finance organization.
Bally’s Corporation reported higher revenue but deep losses and liquidity stress for the quarter ended June 30, 2026. Quarterly revenue rose to $792.2 million from $657.5 million a year earlier, driven by both gaming and non‑gaming growth across its Casinos & Resorts and Bally’s Intralot segments.
The company recorded a net loss attributable to Bally’s of $146.1 million for the quarter and $308.0 million for the first six months of 2026. Operating cash flow was negative $265.9 million in the first half, despite $685.0 million of sale‑leaseback proceeds and significant new gaming license and development spending.
Management disclosed that conditions and events raise substantial doubt about Bally’s ability to continue as a going concern. A waiver of leverage covenants under the revolving credit facility is in place through a defined period, but it is subject to minimum liquidity and other conditions that current forecasts indicate may not be met, with total long‑term debt around $4.5 billion.
Bally’s Corporation reported strong second quarter 2026 results, with consolidated revenue of $792.2 million, a 20.5% year-over-year increase. Growth was led by Bally’s Intralot B2C revenue of $243.5 million (up 22.3%), North America Interactive revenue of $66.1 million (up 16.9%), and Casinos & Resorts revenue of $401.0 million (up 2.0%). Total revenue for the six months ended June 30, 2026 reached $1.55 billion versus $1.27 billion on a pro forma combined basis a year earlier.
Casinos & Resorts Segment Adjusted EBITDAR rose to $109.6 million, while North America Interactive posted Segment Adjusted EBITDAR of $3.0 million, turning profitable despite a six‑month loss of $4.1 million. Bally’s Intralot B2C Segment Adjusted EBITDAR declined to $64.7 million from $75.2 million, pressured by the UK gaming tax rate hike from 21% to 40%, which had an estimated $39 million negative impact on segment EBITDAR, about 65% offset through growth and cost control.
The company highlighted progress on major projects including construction of the permanent Chicago casino, development of the Las Vegas Tropicana site alongside a new MLB stadium, and the $4.0 billion Bally’s Bronx integrated casino project, for which it has already paid a $500 million license fee and a $115 million contingent golf concession payment. Long-term debt stood at $4.51 billion at June 30, 2026, and Bally’s continues to use interest rate and currency swaps to manage financing costs.
Bally’s Corporation filed a Notification of Late Filing for its Quarterly Report on Form 10-Q for the period ended June 30, 2026. The company states it could not file within the prescribed time because it needs additional time to complete the review of its financial statements.
Bally’s Corporation currently expects to file the Form 10-Q within the five-calendar-day extension permitted under Rule 12b-25 of the Securities Exchange Act of 1934. The notification is signed by Chief Financial Officer Vladimira Mircheva, who is also listed as the primary contact.
Bally’s Corporation entered into a Fifth Amendment to its Deutsche Bank Credit Agreement on July 29, 2026. The amendment is among Bally’s, certain subsidiary guarantors, the lenders, and Deutsche Bank AG New York Branch as administrative and collateral agent.
The change conforms certain negative covenant provisions in this Deutsche Bank facility to the corresponding provisions in Bally’s Ares Credit Agreement dated February 11, 2026. The complete terms are set out in the amendment, which is provided as an exhibit and incorporated by reference.
Bally's Corporation reports that its majority-owned affiliate Bally’s Intralot S.A. has agreed terms for a recommended acquisition of Evoke PLC, a Gibraltar company listed in London, via a court-approved scheme of arrangement. Bally’s Intralot currently holds about 59.44% of its own outstanding shares through Bally’s Corporation subsidiaries.
Each Evoke share can be exchanged for 0.537 new Bally’s Intralot shares, valuing Evoke’s equity at about £243.1 million based on a Bally’s Intralot share price of €1.12. Evoke shareholders may instead elect a 52 pence per share cash alternative, with total cash elections capped at £117.1 million.
The cash alternative is backed by a €200 million bridge facility from Deutsche Bank and Jefferies, while a steering committee led by TPG, Oaktree and OHA has underwritten a five-year second lien term facility up to the euro equivalent of £889 million to refinance Evoke’s 2028 senior debt. Additional commitments include a £157 million senior facility and an increase in Evoke’s revolving credit facility to £220 million, alongside change-of-control consent waivers on its notes. The deal requires shareholder and regulatory approvals and is expected to conclude between the final quarter of 2026 and the first quarter of 2027, with Bally’s Corporation agreeing to vote its Bally’s Intralot stake in favor of the necessary resolutions.
Eaton Craig L reported acquisition or exercise transactions in this Form 4 filing.
Bally's Corp senior executive Craig L. Eaton received a new equity award. On June 1, 2026, he was granted 10,959 restricted stock units, each representing one share of Bally's common stock upon vesting under his restricted stock unit agreement.
The 10,959 restricted stock units will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. After these transactions, Eaton directly holds 171,350 shares of Bally's common stock, illustrating a substantial ongoing equity stake in the company.
Barker Lee Kim reported acquisition or exercise transactions in this Form 4 filing.
Bally's Corp executive Kim Barker Lee reported a new equity compensation award. On June 1, 2026, the EVP and Chief Legal Officer received a grant of 37,672 restricted stock units, each representing one share of Bally's common stock upon vesting.
The restricted stock units will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, according to the award agreement. Following the reported transactions, Barker Lee also holds 24,093 shares of Bally's common stock directly.