---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-013607"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:22:29.905312+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Bally's completes merger with Standard General and Queen; issues $500M notes

## Summary
- Cash consideration of $18.25/share paid to holders of 22.8M shares; 17.9M shares rolled over.
- 30.5M shares issued to Queen shareholders; total outstanding shares now 48.4M.
- Standard General and affiliates now own 73.8% of Bally's common stock.
- Issued $500M first-lien senior secured notes due 2028 at 11.00% to fund cash consideration; Apollo provided financing.
- Bally's now operates 19 casinos across 11 states; Belle of Baton Rouge and Casino Queen Marquette land-side conversions expected in 2025.

## SEC filing metadata
- accession: 0001213900-25-013607
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 3.03, 5.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000121390025013607/0001213900-25-013607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000121390025013607/ea0229518-8k_ballys.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-013607
- JSON: https://secwatch.observer/filing/0001213900-25-013607.json
- Plain text: https://secwatch.observer/filing/0001213900-25-013607.txt

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