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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 1, 2025
BALLY’S CORPORATION
(Exact name of Registrant as Specified in its Charter)
| Delaware |
|
001-38850 |
|
20-0904604 |
|
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
|
100 Westminster Street
Providence, RI |
|
02903 |
| (Address of Principal Executive Offices) |
|
(Zip Code) |
(401) 475-8474
Registrant’s telephone number, including area
code
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common stock, $0.01 par value |
|
BALY |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On July 1, 2025, the Company and Intralot S.A, a Greek
publicly listed company in which the Company presently holds an investment representing approximately 33.34% of Intralot’s outstanding
shares, issued a joint press release announcing that their respective Boards of Directors approved their entry into a definitive transaction
agreement, pursuant to which the Company’s International Interactive business will be acquired by Intralot S.A in a cash and shares
transaction that values the International Interactive business at an enterprise value of €2.7 billion. The definitive transaction
agreement is expected to be entered into following the expiration of a 10-day statutory waiting period and the satisfaction of other requirements
under Greek law. In connection with the transaction, the Company has secured commitments for a $500 million secured debt facility which,
together with the cash proceeds from the transaction, will be used to repay secured debt. In addition, the Company has secured commitments
for a $100 million delayed draw secured debt facility, which may be used following the consummation of the transaction for general corporate
purposes, including the development of Bally’s Chicago.
A copy of the joint press release is filed as Exhibit 99.1 and incorporated
by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
Exhibit
Number |
|
Description |
| 99.1 |
|
Press Release, dated July 1, 2025. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
BALLY’S CORPORATION |
| |
|
| Date: July 1, 2025 |
By: |
/s/ Kim M. Barker |
| |
|
Kim M. Barker |
| |
|
Chief Legal Officer |
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