Bally's Corp Enters Material Agreement for Chicago Casino

TL;DR

Bally's just signed a big deal for their Chicago casino project. Big moves ahead.

AI Summary

On August 27, 2024, Bally's Corporation entered into a material definitive agreement related to its Chicago casino project. The filing also includes financial statements and exhibits pertinent to this agreement. Bally's Corporation, formerly known as Twin River Worldwide Holdings, Inc., is incorporated in Delaware.

Why It Matters

This filing signifies a significant step forward for Bally's Chicago casino development, potentially impacting its future revenue streams and operational capacity.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could involve significant financial commitments or operational changes for Bally's Corporation.

Key Players & Entities

• Bally's Corporation (company) — Registrant
• August 27, 2024 (date) — Date of earliest event reported
• Twin River Worldwide Holdings, Inc. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Providence, RI (location) — Business and mail address

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value BALY New York Stock Excha

Filing Documents

• ea0212590-8k_ballys.htm (8-K) — 47KB
• ea021259001ex2-1_ballys.htm (EX-2.1) — 71KB
• 0001213900-24-073433.txt ( ) — 306KB
• baly-20240827.xsd (EX-101.SCH) — 3KB
• baly-20240827_lab.xml (EX-101.LAB) — 33KB
• baly-20240827_pre.xml (EX-101.PRE) — 22KB
• ea0212590-8k_ballys_htm.xml (XML) — 3KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement On August 27, 2024, Bally's Corporation, a Delaware corporation (the " Company "), entered into Amendment No. 1 (the " Merger Agreement Amendment ") to the Agreement and Plan of Merger, dated as of July 25, 2024 (the " Merger Agreement "), by and among the Company, SG Parent LLC, a Delaware limited liability company (" Parent "), The Queen Casino & Entertainment Inc., a Delaware corporation and affiliate of Parent (" Queen "), Epsilon Sub I, Inc., a Delaware corporation and wholly owned subsidiary of the Company (" Merger Sub I "), Epsilon Sub II, Inc., a Delaware corporation and wholly owned subsidiary of the Company (" Merger Sub II ", and together with the Company and Merger Sub I, the " Company Parties "), and, solely for purposes of specified provisions of the Merger Agreement, SG CQ Gaming LLC, a Delaware limited liability company (" SG Gaming " and together with Parent and Queen, the " Buyer Parties "). Each of the Buyer Parties and the Company Parties is a party to the Merger Agreement Amendment. Capitalized terms used herein but not otherwise defined have the meaning set forth in the Merger Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the " SEC ") on July 25, 2024, which is incorporated herein by reference. Parent and SG Gaming are owned and controlled by Standard General L.P., a Delaware limited partnership (" Standard General "). Soohyung Kim is the Managing Partner and Chief Investment Officer of Standard General and is the Chairman of the Company's Board of Directors (the " Board "). According to a Schedule 13D amendment filed by Standard General with the SEC on July 26, 2024, Standard General and Mr. Kim beneficially owned 10,589,849 shares of Company Common Stock, or 26.1 % of the Company Common Stock as calculated in accordance with SEC Rule 13d-3. Standard General and Mr. Kim each disclai

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 2.1* Amendment No. 1 to the Agreement and Plan of Merger, dated as of August 27, 2024, by and among the Company, Parent, Queen, Merger Sub I, Merger Sub II, and, solely for purposes of specified provisions of the Merger Agreement, SG Gaming . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules (or similar attachments) have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The registrant will furnish copies of any such schedules or similar attachments to the SEC upon request. 3

SIGNATURES

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: August 28, 2024 By: /s/ Kim M. Barker Kim M. Barker Chief Legal Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR