Bally's Corp Files 8-K: Corporate Updates
Ticker: BALY · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1747079
| Field | Detail |
|---|---|
| Company | Bally'S Corp (BALY) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-filing, 8-K, company-information
Related Tickers: BALY
TL;DR
Bally's Corp filed an 8-K on 10/31/24 detailing corporate info and past names.
AI Summary
Bally's Corporation filed an 8-K on October 31, 2024, reporting on other events and financial statements. The filing details the company's principal executive offices located at 100 Westminster Street, Providence, RI, and its principal executive office phone number. It also lists previous company names and name change dates, including Twin River Worldwide Holdings, Inc.
Why It Matters
This filing provides essential corporate information and historical context for Bally's Corporation, which is important for investors and stakeholders to understand the company's structure and evolution.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure and does not contain significant new financial or operational information that would immediately impact risk.
Key Players & Entities
- Bally's Corporation (company) — Registrant
- October 31, 2024 (date) — Date of earliest event reported
- 100 Westminster Street, Providence RI (location) — Principal Executive Offices
- Twin River Worldwide Holdings, Inc. (company) — Former Company Name
FAQ
What is the primary purpose of this 8-K filing for Bally's Corporation?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' as of October 31, 2024.
Where are Bally's Corporation's principal executive offices located?
Bally's Corporation's principal executive offices are located at 100 Westminster Street, Providence, RI.
What was Bally's Corporation previously known as?
Bally's Corporation was previously known as Twin River Worldwide Holdings, Inc., with name changes occurring on November 5, 2020, and November 3, 2020.
What is the fiscal year end for Bally's Corporation?
The fiscal year end for Bally's Corporation is December 31.
What is the SEC file number for Bally's Corporation?
The SEC file number for Bally's Corporation is 001-38850.
Filing Stats: 853 words · 3 min read · ~3 pages · Grade level 13.2 · Accepted 2024-11-01 16:06:17
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value BALY New York Stock Exchange
Filing Documents
- baly-20241031.htm (8-K) — 26KB
- 0001747079-24-000092.txt ( ) — 148KB
- baly-20241031.xsd (EX-101.SCH) — 2KB
- baly-20241031_lab.xml (EX-101.LAB) — 21KB
- baly-20241031_pre.xml (EX-101.PRE) — 12KB
- baly-20241031_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On October 31, 2024, Bally's Corporation ("Bally's" or the "Company") entered into an agreement to sell its interactive business in Asia and certain other international markets (the "Carved-Out Business") to a company (the "Buyer") formed by members of the management of the Carved-Out Business. Ownership of certain intellectual property has been placed in trust and will be licensed to the Buyer for a term of five years (subject to extension). The Company will also provide the Buyer with certain transition services. The Buyer is acquiring the Carved-Out Business in exchange for a note. Bally's will have no role in the management, operations, or governance of the Carved-Out Business. The transaction is intended to allow Bally's to focus its capital and resource allocation on North American and European business, and this Carved-Out Business will benefit from focused management attention and aligned ownership. The financial impact of the transaction is not expected to be material to Adjusted EBITDA or free cash flow of the Company. Going forward, the financial statements of the Company will only reflect licensing and royalty revenues received from the Buyer, which are expected to be lower than revenues under the current accounting treatment, but the profitability margins associated with those licensing revenues are expected to be higher as is customary in the gaming industry for IP license business models. The expected modest decline in Adjusted EBITDA and free cash flow resulting from the transaction are expected to be mitigated by cost actions to simplify Bally's organizational structure and other cost reductions. Cautionary Statement Concerning Forward-Looking Statements Certain of the matters discussed above constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements in this communication include, but are not limited to, regarding the future prospects of the Company following t
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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 By: /s/ Kim M. Barker Name: Kim M. Barker Title: Chief Legal Officer Date: November 1, 2024