secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001747079-23-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/0001747079-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000174707923000054/baly-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001747079-23-000054

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