Bally's Corp. Announces Major Acquisition and Financial Obligations

Ticker: BALY · Form: 8-K · Filed: 2025-02-13T00:00:00.000Z

Sentiment: mixed

Topics: acquisition, debt, equity-sale, change-of-control

TL;DR

Bally's just made a big acquisition, took on debt, and might have sold some stock. Big changes ahead.

AI Summary

On February 7, 2025, Bally's Corp. entered into a material definitive agreement related to its acquisition of a company. The filing also indicates the completion of an acquisition or disposition of assets, the creation of a direct financial obligation, and potential unregistered sales of equity securities. Additionally, there were material modifications to security holder rights and a change in control of the registrant.

Why It Matters

This filing signals significant strategic moves by Bally's Corp., including a new acquisition and potential changes to its financial structure and shareholder rights, which could impact its market position and investor value.

Risk Assessment

Risk Level: high — The filing details multiple significant events including acquisitions, financial obligations, and changes in control, indicating substantial operational and financial shifts for Bally's Corp.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement Bally's Corp. entered into?

The filing indicates Bally's Corp. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.

What type of assets were acquired or disposed of by Bally's Corp. on February 7, 2025?

The filing states that an acquisition or disposition of assets was completed on February 7, 2025, but does not specify the nature of these assets.

What is the direct financial obligation created by Bally's Corp.?

The filing confirms the creation of a direct financial obligation by Bally's Corp., but the specific terms and amount are not detailed in this summary.

What are the potential implications of the unregistered sales of equity securities?

Unregistered sales of equity securities could dilute existing shareholder ownership or indicate capital raising activities by Bally's Corp.

How might the material modifications to security holder rights affect investors?

Material modifications to security holder rights could alter the rights, preferences, or privileges associated with Bally's Corp.'s securities, potentially impacting investor returns or control.

From the Filing

0001213900-25-013607.txt : 20250213 0001213900-25-013607.hdr.sgml : 20250213 20250213172835 ACCESSION NUMBER: 0001213900-25-013607 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250207 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Changes in Control of Registrant ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250213 DATE AS OF CHANGE: 20250213 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38850 FILM NUMBER: 25621795 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 8-K 1 ea0229518-8k_ballys.htm CURRENT REPORT false --12-31 0001747079 0001747079 2025-02-07 2025-02-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): February 7, 2025   BALLY’S CORPORATION (Exact name of Registrant as Specified in its Charter)    Delaware   001-38850   20-0904604 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.)   100 Westminster Street Providence , RI     02903 (Address of Principal Executive Offices)   (Zip Code)   ( 401 ) 475-8474 Registrant’s telephone number, including area code   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $0.01 par value   BALY   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use t

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