8-K filed October 7, 2021, 7:59 PM ET ticker BALY CIK 0001747079

M&A confidence high sentiment neutral materiality 0.90

Bally's completes acquisition of Gamesys Group for ~£1.5B cash + 9.77M shares; Lee Fenton named CEO

Bally's Corp

Consideration: ~£1.544B cash and 9,773,537 Bally's shares; Gamesys shareholders received 1,850p cash or 0.343 Bally's shares per ordinary share.
Funded via $750M 5.625% senior notes due 2029, $750M 5.875% senior notes due 2031, and $1.945B term loan ($2.565B total credit facility).
Lee Fenton (ex-Gamesys CEO) becomes Bally's CEO with $1.1M base salary, 100% target bonus, and $7.5M equity award (50% RSU, 50% PSU).
Gamesys H1 2021 unaudited financials: revenue £398.8M, net income £14.0M, adjusted EBITDA £110.3M.
Robeson Reeves appointed President Interactive; Jim Ryan joins board; board expanded to nine directors.

item 1.01 item 2.01 item 2.03 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jim Ryan

Director

BALY · Bally's Corp

Effective: 2021-10-01
Filed: October 7, 2021, 7:59 PM ET

In addition, Jim Ryan, a non-executive director of Gamesys, joined Bally’s Board of Directors

Appointed

Robeson Reeves

President, Interactive

BALY · Bally's Corp

Effective: 2021-10-01
Filed: October 7, 2021, 7:59 PM ET

On October 1, 2021, Robeson Reeves, Gamesys’ Chief Operating Officer, assumed the role of President, Interactive and joined Bally’s Board of Directors

Appointed

Lee Fenton

Chief Executive Officer

BALY · Bally's Corp

Effective: 2021-10-01
Filed: October 7, 2021, 7:59 PM ET

On October 1, 2021, Gamesys' Chief Executive Officer, Lee Fenton, became Bally’s Chief Executive Officer and joined Bally’s Board of Directors

Role change

George Papanier

President, Retail

BALY · Bally's Corp

Effective: 2021-10-01
Filed: October 7, 2021, 7:59 PM ET

Following the acquisition, George Papanier became President, Retail, the head of Bally’s on-land business, and remains a member of Bally’s Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jim Ryan was appointed as Director at Bally's Corp.

Action: joined
Role: Director

Exact text from the filing

In addition, Jim Ryan, a non-executive director of Gamesys, joined Bally’s Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robeson Reeves was appointed as President, Interactive at Bally's Corp.

Action: assumed
Role: President, Interactive

Exact text from the filing

On October 1, 2021, Robeson Reeves, Gamesys’ Chief Operating Officer, assumed the role of President, Interactive and joined Bally’s Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lee Fenton was appointed as Chief Executive Officer at Bally's Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 1, 2021, Gamesys' Chief Executive Officer, Lee Fenton, became Bally’s Chief Executive Officer and joined Bally’s Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George Papanier changed role as President, Retail at Bally's Corp.

Action: became
Role: President, Retail

Exact text from the filing

Following the acquisition, George Papanier became President, Retail, the head of Bally’s on-land business, and remains a member of Bally’s Board of Directors.

View on SEC.gov

Bally's Corp filing history →

Source: SEC EDGAR

accession 0001104659-21-123930

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