---
schema_version: "secwatch.filing_event.v1"
accession: "0001747079-23-000054"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:36:12.198190+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bally's Q1 revenue $598.7M (+9.2% YoY); net income $178.3M; raises 2023 Adj. EBITDAR guidance

## Summary
- Revenue $598.7M (+9.2% YoY); net income $178.3M vs $1.9M prior year; Adj. EBITDA $126.4M (+10.2% YoY).
- Raised 2023 Adj. EBITDAR guidance to $665-700M; revenue outlook unchanged $2.5-2.6B; capex guidance cut to $160M.
- CFO Robert Lavan resigned; Marcus Glover appointed new EVP/CFO with base salary $625,000 and 100% bonus target.
- Jaymin B. Patel appointed Vice Chair to lead new Operational Integration Committee for global cost streamlining.
- Announced partnerships with Kambi & White Hat Gaming for Bally Bet relaunch; repurchased 1M shares for $19.8M.

## SEC filing metadata
- accession: 0001747079-23-000054
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/baly-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747079-23-000054
- JSON: https://secwatch.observer/filing/0001747079-23-000054.json
- Plain text: https://secwatch.observer/filing/0001747079-23-000054.txt

## Key facts
- Earnings Releases
  Bally's Corp reported first quarter ended March 31, 2023 results: revenue $598.7 million, net income $178.3 million. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $598.7 million
  - Net income: $178.3 million
  - Guidance: raised
  - Result: reported results
  source text: Bally's Corporation (NYSE: BALY) today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Revenue of $598.7 million, an increase of 9.2% year-over-year • Net income of $178.3 million compared to $1.9 million in prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm
- Earnings Releases
  Bally's Corp reported the year ending December 31, 2023 results: revenue $2.5 billion to $2.6 billion. Guidance raised.
  - Period: the year ending December 31, 2023
  - Revenue: $2.5 billion to $2.6 billion
  - Guidance: raised
  - Result: guidance update
  source text: Adjusted EBITDA losses in North America Interactive and before approximately $124 million of rent expense (cash rent of $119 million). Revenue estimates remain in the range of $2.5 billion to $2.6 billion. We are also reducing our 2023 capital expenditure guidance from $170 million to $160 million, with maintenance capital expenditures at the casinos of $50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm
- Executive change
  Marcus Glover was appointed as Executive Vice President and Chief Financial Officer at Bally's Corp.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On May 5, 2023, Bally’s appointed Marcus Glover, age 48, as Bally’s Executive Vice President and Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm
- Executive change
  Robert Lavan resigned as Executive Vice President and Chief Financial Officer at Bally's Corp.
  - Action: resigned
  - Role: Executive Vice President and Chief Financial Officer
  source text: On May 5, 2023, Robert Lavan resigned as Executive Vice President and Chief Financial Officer of Bally’s Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm

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