secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001104659-21-123930
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/0001104659-21-123930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000110465921123930/tm2128881d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-123930

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer