secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001747079-24-000086
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bally's Q2 revenue up 2.5% to $622M, net loss widens, announces merger at $18.25/sh
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- Revenue $621.7M (+2.5% YoY); net loss of $60.2M vs $25.7M loss in Q2 2023.
- Definitive merger with QC&E at $18.25/share cash; stockholders can elect to retain equity.
- GLPI transactions: $940M for Chicago construction funding, $395M sale-leaseback KC & Shreveport, $735M Lincoln.
- Segments: C&R $343.1M (+3%), Int'l Interactive $229.4M (-7.4%), NA Interactive $49.2M (+94.7%).
- FY2024 guidance: rev $2.5-2.7B, adj EBITDAR $655-695M; expects lower end; capex cut $50M to $115M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000174707924000086/0001747079-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000174707924000086/baly-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001747079-24-000086

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