Filed pursuant to Rule 433
Dated April 15, 2021
Issuer Free Writing Prospectus supplementing
the
Preliminary Prospectus Supplements
dated April 13, 2021 and the
Prospectus dated March 18, 2021
Registration No. 333-254448
BALLY’S
CORPORATION TO PURSUE STRATEGIC INVESTMENT IN LIEU OF TANGIBLE EQUITY UNIT OFFERING; COMMON STOCK OFFERING WILL PROCEED
PROVIDENCE, R.I., April 15, 2021 /PRNewswire/ -- Bally’s Corporation
(NYSE: BALY) (“Bally’s”) today announced that it had discontinued the offering of $250 million of its tangible equity
units (“Units”) and instead is pursuing a possible private offering of equity-linked securities to a potential strategic investor
who made an unsolicited offer. If consummated, Bally’s anticipates this offering would provide net proceeds in an amount comparable
to the Unit offering. The terms of such possible other transaction have not been finalized. There is no assurance that Bally’s will
consummate any such transaction or, if so, on the timing or terms currently contemplated.
Bally’s previously announced offering of $600 million of its
common stock, including the underwriters’ option for a period of 30 days to purchase up to an additional 15% of common stock, is
expected to proceed as planned. In addition, another strategic investor is expected to make a $50 million investment to purchase warrants
exercisable for shares Bally’s common stock at the same price per share as the price to the public in the common stock offering.
It is possible that Bally’s will consider the issuance of additional equity or equity-linked securities in the future.
Bally's expects to apply the net proceeds from the common stock offering
and the strategic investments to fund a portion of the cash consideration payable to shareholders of Gamesys Group plc ("Gamesys")
upon consummation of the previously announced combination of Bally's and Gamesys (the "Combination"). If the Combination is
not consummated, Bally's expects to apply the net proceeds from the common stock offering and the strategic investments for general corporate
purposes, which may include repayment of debt, repurchases of its common stock, capital expenditures, acquisitions and investments.
Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Barclays
Capital Inc. are acting as the lead joint book-running managers for the common stock offering. Citizens Capital Markets, Inc., Truist
Securities, Inc., Fifth Third Securities, Inc. and Capital One Securities, Inc. are acting as the bookrunners for the common stock offering.
A shelf registration statement relating to the common stock being offered
in the common stock offering has been filed with the Securities and Exchange Commission (the “SEC”) and has become effective.
The offering is being made only by means of an applicable preliminary prospectus supplement and accompanying prospectus. A preliminary
prospectus supplement and accompanying prospectus relating to the common stock offering have been filed with the SEC and are available
free of charge on the SEC’s website at http://www.sec.gov. Copies of the preliminary prospectus supplements and accompanying prospectus
relating to the offering may also be obtained from Deutsche Bank Securities Inc. at Deutsche Bank Securities Inc., Prospectus Group, 60
Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at prospectus.CPDG@db.com and from Goldman Sachs &
Co. LLC at Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by phone at (866)
471-2526, or by email at prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or the solicitation
of an offer to buy any securities described herein, nor will there be any sale of the securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.
About Bally’s Corporation
Bally's Corporation currently owns and manages 12 casinos
across eight states, a horse racetrack and 13 authorized OTB licenses in Colorado. With more than 6,000 employees, Bally's operations
include 13,308 slot machines, 460 game tables and 3,342 hotel rooms. Following the completion of pending acquisitions, which include Tropicana
Evansville (Evansville, IN) and Jumer's Casino & Hotel (Rock Island, IL), as well as the construction of a land-based casino near
the Nittany Mall in State College, PA, Bally's will own and manage 15 casinos across 11 states. Bally's also maintains a multi-year market
access partnership with Elite Casino Resorts through which it will provide mobile sports betting in Iowa, as well as a temporary sports
wagering permit to conduct online sports betting in the Commonwealth of Virginia. Its shares trade on the New York Stock Exchange under
the ticker symbol "BALY."
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts, and include
statements about Bally's plans, objectives, expectations and intentions.
Forward-looking statements are not guarantees and are subject
to risks and uncertainties. Forward-looking statements are based on Bally's current expectations and assumptions. Although Bally's believes
that its expectations and assumptions are reasonable at this time, they should not be regarded as representations that Bally's expectations
will be achieved. Actual results may vary materially. Forward-looking statements speak only as of the time of this document and Bally's
does not undertake to update or revise them as more information becomes available, except as required by law.
Important factors beyond those that apply to most businesses,
some of which are beyond Bally’s control, that could cause actual results to differ materially from our expectations and assumptions
include, without limitation:
|
·
|
uncertainties surrounding the COVID-19 pandemic, including limitations on Bally’s operations, increased
costs, changes in customer attitudes, impact on Bally’s employees and the ongoing impact of COVID-19 on general economic conditions;
|
|
·
|
unexpected costs, difficulties integrating and other events impacting Bally’s recently completed
and proposed acquisitions and Bally’s ability to realize anticipated benefits;
|
|
·
|
risks associated with Bally’s rapid growth, including those affecting customer and employee retention,
integration and controls, and whether Bally’s recently announced combination with Gamesys will be completed and its timing for completion;
|
|
·
|
risks associated with the impact of the digitalization of gaming on Bally’s casino operations,
Bally’s expansion into iGaming and sports betting and the highly competitive and rapidly changing aspects of Bally’s new interactive
businesses generally;
|
|
·
|
the very substantial regulatory restrictions applicable to Bally’s, including costs of compliance;
|
|
·
|
restrictions and limitations in agreements governing Bally's debt could significantly affect Bally's
ability to operate its business and its liquidity; and
|
|
·
|
other risks identified in Part I. Item 1A. "Risk Factors" of Bally's Annual Report on Form
10-K for the fiscal year ended December 31, 2020 as filed with SEC on March 10, 2021 and other filings with the SEC.
|
The foregoing list of important factors is not exclusive
and does not include matters like changes in general economic conditions that affect substantially all gaming businesses.
You should not place undue reliance on Bally's forward-looking
statements.
Investor Contact
Steve Capp
Executive Vice President and CFO
401-475-8564
InvestorRelations@twinriver.com
Media Contact
Richard Goldman / David Gill
Kekst CNC
646-847-6102 / 917-842-5384
BallysMediaInquiries@kekstcnc.com
Twin River Worldwide (NYSE:TRWH)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Twin River Worldwide (NYSE:TRWH)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024