secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001747079-23-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/0001747079-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000174707923000025/baly-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001747079-23-000025

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