Bally's Corporation director and Chief Executive Officer received stock options on 10/07/2025. The award grants 940,500 options exercisable at $18.25 per share and expiring on 10/07/2035. The options were reported as acquired and are held directly by the reporting person. Vesting is ratable and conditioned on continuous service, with portions scheduled to vest on 01/01/2027, 01/01/2028, and 01/01/2029.
The filing shows no cash paid at grant ($0 reported for underlying shares) and indicates the form was signed via attorney-in-fact on 10/09/2025. This is a compensation-related equity grant to an executive who also serves as a director, increasing their direct potential ownership over time if options are exercised.
Bally’s Corporation has completed the previously announced sale of its “Bally’s International Interactive” business to Intralot S.A. under a July 18, 2025 transaction agreement. The consideration consists of €1.53 billion in cash and €1.136 billion in newly issued Intralot shares, totaling 873,707,073 shares at an implied value of €1.30 per share.
Following closing, Bally’s now holds 1,081,241,951 Intralot shares, representing approximately 58% of Intralot’s outstanding shares, making Bally’s the majority shareholder. Bally’s also issued a press release on October 9, 2025 to announce the closing and may later file required financial and pro forma information related to the transaction.
Form 4 disclosure for Bally's Corp (BALY) shows that Standard General L.P. and Soohyung Kim reported changes in beneficial ownership dated 09/30/2025 and filed 10/01/2025. The report lists 33,359,744 shares of common stock beneficially owned indirectly by Standard General. Mr. Kim received an immediately vested restricted stock grant of 4,505 shares at no cash price, and there is a reported disposition of 61,053 shares. The filing explains the indirect ownership arises from Standard General acting as investment manager to private vehicles and notes customary disclaimers of beneficial ownership.
Bally’s Corporation entered into an Incremental Joinder Agreement that amends its existing Credit Agreement. The agreement increases commitments under Bally’s senior secured revolving credit facility due 2028 by $50 million, expanding the size of its available revolving credit line. It also records Jefferies Finance LLC’s consent to a proposed sale and leaseback of the Twin River Lincoln Casino Resort under an existing agreement with Gaming and Leisure Properties Inc. for $735 million before transaction expenses.
Both the increased revolving commitments and Jefferies’ consent to the proposed Twin River sale-leaseback are contingent upon required regulatory approvals and the occurrence of the Amendment No. 3 Extension Effective Date defined in a prior amendment to the Credit Agreement.
Bally's Corporation entered into a transaction agreement under which Intralot S.A. will directly and/or indirectly acquire all issued and outstanding capital stock of Bally's Holdings Limited, the Jersey entity that holds the "Bally's International Interactive" business. The parties expect the Closing to occur in the fourth quarter of 2025. As a result of the Transactions the company is expected to become the majority shareholder of Intralot. The filing references interim carve-out financial statements and a BII MD&A being filed as an exhibit but the excerpt does not include the full financial disclosures or detailed transaction economics.
Amendment No. 27 to Schedule 13D updates beneficial ownership information for Bally's Corporation common stock. Standard General L.P. reports beneficial ownership of 33,359,744 shares, representing 67.91% of the outstanding shares. Individual reporting person Kim Soohyung reports aggregate beneficial ownership of 33,416,292 shares, or 68.03%. The filing states that on September 16, 2025 a private investment vehicle managed by Standard General distributed 2,400,000 shares of Bally's common stock for no consideration. The reported percentages use an outstanding share count of 49,122,902 shares as of July 31, 2025. No other transactions in the prior 60 days are reported.
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.