---
schema_version: "secwatch.filing_event.v1"
accession: "0001747079-23-000025"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:05:04.224375+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bally's Q4 revenue $576.7M, net loss $487.5M on $464M impairment; reaffirms 2023 guidance

## Summary
- Full-year 2022 revenue $2.3B, net loss $425.5M (incl. $464M non-cash goodwill/asset impairment).
- Q4 Adjusted EBITDA $145.8M; full-year Adjusted EBITDA $548.5M.
- 2023 guidance: revenue $2.5-2.6B, Adjusted EBITDAR $660-700M, reaffirmed from Feb 13.
- CEO transition: Robeson Reeves (current President-Interactive) to become CEO; George Papanier to become President.
- UK revenue grew 12% organically in Q4; iCasino market share increased in New Jersey and Ontario.

## SEC filing metadata
- accession: 0001747079-23-000025
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/0001747079-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/baly-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747079-23-000025
- JSON: https://secwatch.observer/filing/0001747079-23-000025.json
- Plain text: https://secwatch.observer/filing/0001747079-23-000025.txt

## Key facts
- Earnings Releases
  Bally's Corp reported the fourth quarter ended December 31, 2022 results: revenue $576.7 million, net income Net loss of $487.5 million.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $576.7 million
  - Net income: Net loss of $487.5 million
  - Result: reported results
  source text: Fourth Quarter and Full Year 2022 Financial Highlights • Revenue of $576.7 million and $2.3 billion, respectively • Net loss of $487.5 million and $425.5 million, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/0001747079-23-000025-index.htm
- Earnings Releases
  Bally's Corp reported the year ending December 31, 2023 results: revenue $2.5 billion to $2.6 billion. Guidance reaffirmed.
  - Period: the year ending December 31, 2023
  - Revenue: $2.5 billion to $2.6 billion
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Bally’s is reaffirming the guidance it provided on February 13, 2023 for the year ending December 31, 2023 and estimates revenue in the range of $2.5 billion to $2.6 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/0001747079-23-000025-index.htm
- Earnings Releases
  Bally's Corp reported the full year ended December 31, 2022 results: revenue $2.3 billion, net income Net loss of $425.5 million.
  - Period: the full year ended December 31, 2022
  - Revenue: $2.3 billion
  - Net income: Net loss of $425.5 million
  - Result: reported results
  source text: reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Financial Highlights • Revenue of $576.7 million and $2.3 billion, respectively • Net loss of $487.5 million and $425.5 million, respectively, includes non-cash goodwill and asset impairment charges of $464.0 million • Adjusted EBITDA of $145.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/0001747079-23-000025-index.htm

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