Standard General, Soohyung Kim update Bally's (BALY) share holdings

Rhea-AI Filing Summary

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.

11/26/2025 - 04:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kim Soohyung

(Last) (First) (Middle)

C/O STANDARD GENERAL L.P.

767 FIFTH AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bally's Corp [ BALY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/24/2025		J		254,896(1)	D	$0	33,104,848	I	See Footnote(2)
Common Stock								61,053	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Kim Soohyung

(Last) (First) (Middle)

C/O STANDARD GENERAL L.P.

767 FIFTH AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Standard General L.P.

(Last) (First) (Middle)

767 FIFTH AVENUE

12TH FLOOR

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. A private investment vehicle managed by Standard General L.P. ("Standard General") distributed these shares of common stock of the Issuer in accordance with the terms of the investment vehicle.

2. These shares are beneficially owned by Standard General in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Mr. Kim is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

	/s/ Soohyung Kim	11/26/2025
	/s/ Standard General L.P., by Joseph Mause, Chief Financial Officer	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Bally's (BALY) report on November 24, 2025?

The Form 4 reports that on 11/24/2025 a private investment vehicle managed by Standard General distributed 254,896 shares of Bally's common stock, coded as transaction type "J" at a reported price of $0 per share.

Who are the reporting persons in this Bally's (BALY) Form 4 filing?

The reporting persons are Standard General L.P. and Soohyung Kim. Mr. Kim is a director of the general partner of the general partner of Standard General, Chief Investment Officer of Standard General, and a director of Bally's.

How many Bally's (BALY) shares do the reporting persons show as beneficially owned after the transaction?

After the reported distribution, the filing shows 33,104,848 shares of Bally's common stock beneficially owned indirectly and 61,053 shares owned directly.

What relationship do the reporting persons have to Bally's (BALY)?

The filing identifies the reporting persons as a director and 10% owner of Bally's Corporation. Soohyung Kim is a director of the issuer, and Standard General is reported as a 10% owner.

How does the Form 4 describe beneficial ownership of Bally's (BALY) shares by Standard General and Soohyung Kim?

The filing states that the shares are beneficially owned by Standard General as investment manager to private investment vehicles and that Soohyung Kim may be deemed to indirectly beneficially own the securities through his roles. Each reporting person disclaims beneficial ownership beyond his or its pecuniary interest.

Where are the reporting persons for this Bally's (BALY) Form 4 located?

The address for the reporting persons is listed as 767 Fifth Avenue, 12th Floor, care of Standard General L.P.