Bally's Corp schedule 13G shows that Whitefort Capital Management, LP and its co-managing partners David Salanic and Joseph Kaplan may be deemed to beneficially own 2,519,176 Shares of Bally's common stock as of the close of business on March 9, 2026.
The filing states this equals 5.1% of the class based on 49,162,136 Shares outstanding as of October 31, 2025. Voting and dispositive power are reported as shared for the 2,519,176 Shares.
Bally's Corp executive Kim Barker Lee reported equity compensation activity involving restricted stock units and common shares. On March 1, 2026, 8,184 restricted stock units vested into the same number of common shares at no cost through a derivative exercise/conversion. Of these vested shares, 3,992 common shares were withheld at a price of 14.2200 per share to cover tax withholding obligations, leaving the reporting person with 20,067 common shares held directly after the transactions. The restricted stock units relate to a grant of 24,554 units awarded on March 10, 2023, scheduled to vest in three equal installments on March 1, 2024, 2025 and 2026.
Bally's Corporation president George T. Papanier reported equity award activity involving restricted stock units and common shares. On March 1, 2026, 35,714 restricted stock units vested and were converted into the same number of Bally's common shares in a derivative exercise.
To cover tax withholding obligations tied to this vesting, 14,052 common shares were withheld at a price of $14.22 per share, reducing his directly held common stock to 297,463 shares. An additional 9,000 common shares are reported as held indirectly by a trust.
Bally's Corp Senior VP & Secretary Craig L. Eaton exercised restricted stock units into 8,267 shares of common stock on March 1, 2026. The company retained 4,162 shares at $14.22 per share to cover tax withholding, leaving Eaton with 167,509 directly owned common shares.
Bally’s Corporation entered a new $1.1 billion senior secured term loan facility on February 11, 2026. The financing includes a $600 million closing date term loan and a $500 million delayed draw term loan, both funded on the same day and maturing in 2031, or 2029 if certain unsecured bonds remain outstanding.
The loans carry variable interest based on either an alternate base rate plus 6.50% or Term SOFR plus 7.50%, each with a 3.00% floor, and allow up to 3.50% of interest to be paid in kind. They are secured by substantially all company and guarantor assets, rank pari passu with Bally’s existing revolving credit facility, and include restrictive covenants, make-whole and prepayment premiums, and a 3.00% exit fee on the delayed draw portion.
Bally’s Corporation entered into a new term loan credit facility due 2031, providing $1.1 billion of funded term loans from lenders including Ares Management Credit funds, King Street Capital Management and TPG Credit. The loans are secured by substantially all material assets of the company and its wholly-owned subsidiaries, subject to customary exceptions.
The company also completed a previously announced sale and leaseback of the real estate assets of its Twin River Lincoln Casino Resort with GLP Capital, L.P., receiving total consideration of $700 million before expenses and taxes. Initial cash rent for the property is $56 million per year with customary annual escalators. Bally’s plans to use the term loan proceeds for general corporate purposes, including development of Bally’s Bronx and Bally’s Chicago, and, together with other cash sources, to repay in full $1.47 billion of term loans maturing in 2028.
Bally’s Corporation appointed Soohyung Kim as Executive Chair effective January 27, 2026. He has served as a director since 2016 and previously chaired the board in a non-executive capacity. An employment agreement sets his annual base salary at $400,000, with a target cash bonus equal to 100% of salary and annual equity awards also targeted at 100% of salary, subject to Compensation Committee determination.
The company states that Standard General L.P. and its affiliates now hold more than 50% of the voting power for electing directors, making Bally’s a “controlled company” under NYSE rules. Bally’s has elected to use NYSE exemptions, and, following Kim’s appointment as Executive Chair, he is no longer considered independent and the Nominating and Governance Committee is no longer composed entirely of independent directors.
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.