---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-123930"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2021-10-07T23:59:59+00:00"
generated_at: "2026-06-28T22:19:22.768342+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-123930
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2021-10-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/tm2128881d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-123930
- JSON: https://secwatch.observer/filing/0001104659-21-123930.json
- Plain text: https://secwatch.observer/filing/0001104659-21-123930.txt

## Key facts
- Executive change
  Jim Ryan was appointed as Director at Bally's Corp.
  - Action: joined
  - Role: Director
  source text: In addition, Jim Ryan, a non-executive director of Gamesys, joined Bally’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm
- Executive change
  Robeson Reeves was appointed as President, Interactive at Bally's Corp.
  - Action: assumed
  - Role: President, Interactive
  source text: On October 1, 2021, Robeson Reeves, Gamesys’ Chief Operating Officer, assumed the role of President, Interactive and joined Bally’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm
- Executive change
  Lee Fenton was appointed as Chief Executive Officer at Bally's Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 1, 2021, Gamesys' Chief Executive Officer, Lee Fenton, became Bally’s Chief Executive Officer and joined Bally’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm
- Executive change
  George Papanier changed role as President, Retail at Bally's Corp.
  - Action: became
  - Role: President, Retail
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.