Standard General L.P. Amends Bally's Corp 13D Filing

TL;DR

Standard General L.P. updated its stake in Bally's Corp. - watch for more moves.

AI Summary

Standard General L.P. has amended its Schedule 13D filing regarding Bally's Corporation, as of July 26, 2024. The filing indicates a change in beneficial ownership, with Standard General L.P. continuing to hold a significant stake in the company. Specific details on the exact percentage or number of shares are not immediately clear from this excerpt, but it signifies ongoing activity by the investment firm in Bally's.

Why It Matters

This filing update from a significant shareholder like Standard General L.P. can signal shifts in strategy or confidence, potentially impacting Bally's stock price and investor sentiment.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate active engagement by significant investors, which can lead to volatility.

Key Players & Entities

• Standard General L.P. (company) — Filing entity
• Bally's Corporation (company) — Subject company
• Joseph Mause (person) — Associated with Standard General L.P.
• 05875B106 (other) — CUSIP Number for Bally's Corporation common stock

FAQ

From the Filing

0000895345-24-000296.txt : 20240726 0000895345-24-000296.hdr.sgml : 20240726 20240726161549 ACCESSION NUMBER: 0000895345-24-000296 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 GROUP MEMBERS: SOOHYUNG KIM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bally's Corp CENTRAL INDEX KEY: 0001747079 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 200904604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90968 FILM NUMBER: 241147096 BUSINESS ADDRESS: STREET 1: 100 WESTMINSTER STREET CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: (401) 475-8474 MAIL ADDRESS: STREET 1: 100 WESTMINSTER STREET CITY: PROVIDENCE STATE: RI ZIP: 02903 FORMER COMPANY: FORMER CONFORMED NAME: Twin River Worldwide Holdings, Inc. DATE OF NAME CHANGE: 20201105 FORMER COMPANY: FORMER CONFORMED NAME: Bally's Corp DATE OF NAME CHANGE: 20201103 FORMER COMPANY: FORMER CONFORMED NAME: Twin River Worldwide Holdings, Inc. DATE OF NAME CHANGE: 20180718 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Standard General L.P. CENTRAL INDEX KEY: 0001409888 ORGANIZATION NAME: IRS NUMBER: 680645436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 212-257-4701 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 ff3676025_13da24-ballys.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 24)* BALLY’S CORPORATION (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) 05875B106 (CUSIP Number) Joseph Mause Standard General L.P. 767 Fifth Avenue, 12th Floor New York, NY 10153 Tel. No.: 212-257-4701 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 25, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐ Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 NAMES OF REPORTING PERSONS       Standard General L.P.         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐   (b) ☒     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)       AF         5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)   ☐           6 CITIZENSHIP OR PLACE OF ORGANIZATION       Delaware         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER      0