{"schema_version":"secwatch.filing_event.v1","accession":"0001747079-23-000019","form_type":"8-K","ticker":"BALY","cik":"0001747079","company_name":"Bally's Corp","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.396002+00:00","generated_at":"2026-06-19T16:22:06.233627+00:00","sec_items":["2.02","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Bally's reports prelim Q4 rev $576.7M, net loss $476.8M; CEO Fenton to step down, Reeves named CEO","bullets":["Preliminary Q4 revenue $576.7M; net loss $476.8M includes $464M non-cash impairment charges.","Adjusted EBITDA $145.8M, Adjusted EBITDAR $164.4M; FY 2023 guidance: revenue $2.5-2.6B, EBITDAR $660-700M.","CEO Lee Fenton steps down March 31, 2023; Robeson Reeves (President-Interactive) named CEO effective April 1.","George Papanier promoted to President; amended agreement through 2025, base salary $975K, target bonus 100%.","North America Interactive results called 'unacceptable'; restructuring plan evaluating options including tech leasing."],"urls":{"canonical":"https://secwatch.observer/filing/0001747079-23-000019","json":"https://secwatch.observer/filing/0001747079-23-000019.json","markdown":"https://secwatch.observer/filing/0001747079-23-000019.md","text":"https://secwatch.observer/filing/0001747079-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/0001747079-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/baly-20230213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T16:22:06.233627+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88877a3f4b4df1e51aca925c245ced12b78f9d55","claim":"Bally's Corp reported the fourth quarter and full year ended December 31, 2022 results: revenue $576.7 million, net income $476.8 million. Guidance reaffirmed.","evidence_excerpt":"2022. Bally’s expects to report its full 2022 results of operations after market close on February 23, 2023. Preliminary Fourth Quarter 2022 Financial Highlights • Revenue of $576.7 million • Net loss of $476.8 million includes non-cash goodwill and asset impairment charges of $464.0 million • Adjusted EBITDA of $145.8 million • Adjusted EBITDAR of $164.4 million •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/0001747079-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2022"},{"label":"Revenue","value":"$576.7 million"},{"label":"Net income","value":"$476.8 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"1c155ccdeb","claim":"Lee Fenton departed as Chief Executive Officer at Bally's Corp.","evidence_excerpt":"Lee Fenton would step down as Chief Executive Officer and as a member of Bally’s Board of Directors (the “Board”) effective March 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/0001747079-23-000019-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"274ae1e3e7","claim":"George Papanier was appointed as President at Bally's Corp.","evidence_excerpt":"Bally’s appointed George Papanier, age 65, as Bally’s President.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/0001747079-23-000019-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"68fdceec49","claim":"Robeson Reeves was appointed as Chief Executive Officer at Bally's Corp.","evidence_excerpt":"Bally’s appointed Robeson Reeves, age 39, as Bally’s Chief Executive Officer effective April 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747079/000174707923000019/0001747079-23-000019-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}