---
schema_version: "secwatch.filing_event.v1"
accession: "0001747079-25-000080"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2025-04-11T23:59:59+00:00"
generated_at: "2026-05-23T16:14:55.748979+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bally's enters binding term sheet to invest AUD 300M in The Star, gaining ~56.7% stake

## Summary
- Bally's will invest AUD 300M (approx. USD 187M) via convertible notes and subordinated debt.
- Bally's portion reduced to AUD 200M as The Star's largest shareholder subscribes AUD 100M.
- First tranche of approx. AUD 66.7M (USD 40.3M) closed on April 9, 2025.
- Conversion price fixed at AUD 0.08/share; notes mature July 2, 2029, with 9% annual interest.
- Transaction subject to shareholder and regulatory approvals; Bally's gets board observer seat.

## SEC filing metadata
- accession: 0001747079-25-000080
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2025-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000174707925000080/0001747079-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000174707925000080/baly-20250407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747079-25-000080
- JSON: https://secwatch.observer/filing/0001747079-25-000080.json
- Plain text: https://secwatch.observer/filing/0001747079-25-000080.txt

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