---
schema_version: "secwatch.filing_event.v1"
accession: "0001747079-25-000126"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2025-10-09T23:59:59+00:00"
generated_at: "2026-05-17T04:12:42.164698+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Bally's completes sale of International Interactive to Intralot for €2.7B; becomes 58% owner

## Summary
- Enterprise value of €2.7B; Bally's receives €1.53B cash and 873.7M new Intralot shares valued at €1.136B.
- Bally's now holds 58% equity stake in Intralot, becoming majority shareholder.
- Combined entity expected ~€1.1B annual revenue with >39% EBITDA margin.
- Bally's intends to allocate at least $1.0B of after-tax cash proceeds to reduce secured debt.
- Transaction closed Oct 8, 2025; Bally's CEO calls it a milestone unlocking significant liquidity.

## SEC filing metadata
- accession: 0001747079-25-000126
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2025-10-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000174707925000126/0001747079-25-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000174707925000126/baly-20251008.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747079-25-000126
- JSON: https://secwatch.observer/filing/0001747079-25-000126.json
- Plain text: https://secwatch.observer/filing/0001747079-25-000126.txt

## Source-grounded claims
- claim_id: 880dcc0192b3d423871ac8bbb006137662df6bbb
  claim: Bally's Corp completed a disposition involving Intralot S.A. for €1.53 billion in cash and €1.136 billion in newly issued Intralot shares (closed 2025-10-08).
  evidence_excerpt: now been acquired by Intralot in exchange for consideration comprised of (subject to certain customary agreed adjustments for net debt, working capital and transaction expenses) €1.53 billion in cash and €1.136 billion in newly issued Intralot shares (873,707,073 shares at an implied value of €1.30 per share). With the completion of the transaction, the Company has
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000174707925000126/0001747079-25-000126-index.htm

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