Bally's Corp 2026年季度报告

FORM 10-Q (Mark One) Bally’s Corporation(Exact name of registrant as specified in its charter) (Address of principal executive offices) (401) 475-8474 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements forthe past 90 days. Yes☒No☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ For additional information regarding the Company’s shares outstanding, refer to Note 16 “Stockholders’ Equity.” BALLY’S CORPORATION TABLE OF CONTENTS PART I - FINANCIAL INFORMATION ITEM 1.Financial Statements3Condensed Consolidated Balance Sheets (unaudited)3Condensed Consolidated Statements of Operations (unaudited)4Condensed Consolidated Statements of Comprehensive(Loss) Income(unaudited)5Condensed Consolidated Statements of Stockholders’ Equity (Deficit) (unaudited)6Condensed Consolidated Statements of Cash Flows (unaudited)7Notes to Condensed Consolidated Financial Statements (unaudited)9ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations51ITEM 3.Quantitative and Qualitative Disclosures About Market Risk67ITEM 4.Controls and Procedures67PART II - OTHER INFORMATIONITEM 1.Legal Proceedings69ITEM 1A.Risk Factors69ITEM 5.Other Information69ITEM 6.Exhibits70Signatures71 BALLY’S CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)(In thousands, except per share data) BALLY’S CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) Income (unaudited)(In thousands) BALLY’S CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) (unaudited)(In thousands, except share data) BALLY’S CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) BALLY’S CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) 1.GENERAL INFORMATION Description of Business Bally’s Corporation (the “Company,” or “Bally’s”) is a global gaming, hospitality and entertainment company with casinos and resorts andonline gaming (“iGaming”) businesses. The Company owns and manages the following properties within its Casinos & Resorts reportablesegment: The Company’s Bally’s Intralot B2B reportable segment includes Bally’s Intralot S.A.’s (“Intralot”) global business-to-business (“B2B”)operations and licensing revenue generating operations. Intralot was acquired by the Company in the fourth quarter of 2025. Refer to“Acquisition of Intralot” subsection below for further information. The Company’s Bally’s Intralot B2C reportable segment includes the Company’s business-to-consumer (“B2C”) gaming operations ininternational jurisdictions and one casino property, Bally’s Newcastle, in the UK. The North America Interactive reportable segment includes a portfolio of sports betting and iGaming offerings in the United States and Canada. Refer to Note 18 “Segment Reporting” for further information. BALLY’S CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited) Agreement and Plan of Merger On February 7, 2025, the Company completed the previously announced transactions under the Agreement and Plan of Merger (as amended,the “Merger Agreement”) with SG Parent LLC, a Delaware limited liability company (“Parent”), The Queen Casino & Entertainment, Inc., aDelaware corporation and affiliate of Parent (“Queen”), Epsilon Sub I, Inc., a Delaware corporation and wholly owned subsidiary of theCompany (“Merger Sub I”), Epsilon Sub II, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub II”, andtogether with the Company and Merger Sub I, the “Company Parties”), and, solely for purposes of specified provisions t