BALLY’S CORP : Costs Associated with Exit or Disposal Activities, Financial Statements and Exhibits (form 8-K)

Item 2.05 Costs associated with eviction or disposal activities.

upon January 18, 2023, Bally’s Corporation (the “Company”), is pleased to announce that it has entered into an interactive business restructuring plan (the “Plan ”) was announced. The plan includes reducing our current interactive workforce by up to 15%. Decisions regarding the removal of positions are subject to local laws and consultation requirements in a particular country, as well as the Company’s business needs.

We believe that it is approximately $10 million To
$15 million Plan-related cash severance costs expected to be incurred in the first quarter of 2023.

Estimates of fees and expenses we expect to incur in connection with the Plan, and the timing thereof, are subject to a number of assumptions, including local legal requirements in various jurisdictions, and actual amounts may differ materially from estimates. may vary. In addition, we may incur other, currently unanticipated, costs or cash outlays due to unforeseen events that may occur, including those related to the implementation of our plans.

letter to the employees of the company from Lee FentonThe Company’s Chief Executive Officer for Planned Employee Restructuring is attached to this present report on Form 8-K as Exhibit 99.1 and is incorporated by reference.

Cautionary Note Regarding Forward-Looking Statements

This current report on Form 8-K contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements generally refer to the use of words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “anticipate,” or, in each case, the May be identified by negative wording or other variations. or an equivalent term. These forward-looking statements include all matters that are not historical facts. Forward-looking statements by their nature are subject to risks and uncertainties. This is because these statements relate to events that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements made by the Company on this Form 8-K and its reports are: Securities and Exchange Commission (“SEC”) and other public statements made from time to time speak only as of the date they are made. New risks and uncertainties arise from time to time and it is not possible for us to predict or determine all such events or how they may affect us. We undertake no obligation, and do not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.Factors that may cause these differences include the company’s annual report on Form 10-K, quarterly report on Form 10-Q, and the
SECThese statements constitute our warning statements under the Private Securities Litigation Reform Act of 1995.

Item 9.01 Financial Statements and Materials.

(d) Exhibits
   Exhibit No.          Description
99.1                      Letter to Bally's Corporation employees from Lee Fenton, dated January 18,
104                     Cover Page Interactive Data File (embedded within the Inline XBRL document).

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