BALLYS SEC Filings

Bally's Corp (BALY) Form 4: The filing reports that on 09/16/2025 a distribution or sale occurred in which 2,400,000 shares of Bally's common stock were disposed of with a transaction code J and reported price $0, reflecting a distribution from a private investment vehicle managed by Standard General L.P.

After the reported transaction, the reporting parties show 33,359,744 shares held indirectly and 56,548 shares held directly. The disclosure notes that Standard General is the investment manager of the private vehicles and that Soohyung Kim is a director of the general partner and the issuer; both reporting persons disclaim beneficial ownership except for pecuniary interest.

Bally's Corporation reported that board member Terrence Downey has decided to retire from its Board of Directors. He informed the company of his decision on September 9, 2025, and his retirement will be effective September 26, 2025. The filing does not describe any disagreement or broader change in governance; it simply notes his planned departure from the board. Bally's common stock continues to trade on the New York Stock Exchange under the symbol BALY.

Bally's Corp amended its Credit Agreement to extend $460 million of revolving commitments to October 1, 2028, creating an "Extended Tranche Revolving Credit Facility" subject to customary closing conditions and a described springing maturity. The amendment narrows the financial covenant on the revolving tranches to a first lien net leverage ratio of 4.50:1.00, reduced from 5.00:1.00, with a further step-down to 4.00:1.00 upon completion of the company’s previously announced transaction with Intralot S.A. The amendment also ties permission for the SLB transaction with GLPI to lender consents: combined consenting revolving and term B loan lenders must constitute a majority of loans and commitments; a holder of first lien secured notes due 2028 has already consented.

Bally's Corporation reported combined results for the period following its February 7, 2025 merger with Queen Casino & Entertainment, which materially changed its balance sheet and operating base. For the three months ended June 30, 2025 (Successor), total revenue was $657.5 million driven by gaming ($557.6 million) and non-gaming ($99.9 million). The company recorded a net loss of $228.4 million for the quarter, which included a $185.4 million provision for income taxes that produced an unusually negative effective tax rate. Total assets increased to $7.79 billion with goodwill of $1.72 billion and intangible assets net of $1.94 billion following purchase price allocations. Total liabilities were $7.15 billion, leaving total stockholders' equity of $642.4 million. The company completed significant strategic transactions during the period including the Queen merger (consideration shown at $18.25 per share and a preliminary Queen purchase price of $555.8 million), a large share repurchase of 22.8 million shares for ~$416.2 million, an increase in its equity investment in Intralot to 33.34%, and A$ funding for The Star investment (subordinated and convertible notes outstanding A$111.1 million and A$22.2 million, respectively). Interest expense remained sizable ($97.5 million for the quarter). These items reshaped Bally's scale, capital structure and reported assets and liabilities without providing forward guidance in the filing.

Bally's Corporation furnished a press release reporting its financial results for the quarter ended June 30, 2025. The press release is attached to this current report as Exhibit 99.1 and is expressly furnished rather than "filed" for purposes of Section 18 of the Exchange Act, meaning it is not automatically incorporated by reference into other filings. The filing also references the cover page interactive data file as Exhibit 104. The report is signed on the registrant's behalf by the company CFO.

On 21 Jul 2025 Bally’s Corporation (BALY) filed an 8-K announcing a €2.7 billion Transaction Agreement with Greek gaming operator Intralot S.A.. Intralot will acquire 100% of Bally’s Holdings Ltd.—which contains the Company’s “International Interactive” business—in exchange for €1.53 billion cash (subject to adjustment) and 873,707,073 newly issued Intralot shares valued at €1.30 each. Post-close, Bally’s is expected to become Intralot’s majority shareholder.

Closing is targeted for 4Q 2025 and is subject to: (i) U.S. (HSR) and non-U.S. antitrust clearances, (ii) gaming regulatory approvals, (iii) Intralot shareholder approval, (iv) completion of an Intralot equity offering, (v) Athens Exchange listing of the consideration shares, and (vi) availability of up to €1.6 billion in committed debt financing from Citizens Bank, Deutsche Bank, Goldman Sachs and Jefferies.

The deal provides Bally’s with immediate liquidity and a controlling stake in an expanded international gaming platform, but completion remains contingent on multiple regulatory and financing hurdles.