secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K/A
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001213900-25-123742
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bally's files pro forma financials for Intralot/Queen deals; $3.5B goodwill, $724M pro forma net loss
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- Acquired 57.9% stake in Intralot for $1.79B cash + 873.7M new shares; financed with $1.82B new debt and $500M equity.
- Pro forma FY2024 net loss attributable to Bally's $633.8M ($10.92/share) vs historical $567.8M loss.
- Pro forma H1 2025 net loss $113.3M ($2.10/share) vs historical net income $15.3M.
- Bally's used $1.11B cash from Intralot to redeem $500M 11% 2028 Notes and pay down $394.6M of Term Loan.
- Pro forma balance sheet: $11.6B total assets, $3.5B goodwill, $4.6B long-term debt, $1.9B noncontrolling interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000121390025123742/0001213900-25-123742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000121390025123742/ea0270192-8ka1_ballys.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-123742

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