Bally's Corporation

Item 1.01 Entry into a Material Definitive Agreement. On October 1, 2026, Bally’s New York Operating Company, LLC, an indirect wholly owned subsidiary of Bally’s Corporation (“Bally’s” or the “Company”), and certain other subsidiaries of Bally’s entered into an amended and restated loan and security agreement with WhiteHawk Capital Partners, LP, as agent for the lenders, and the lenders from time to time party thereto (the “A&R Loan Agreement”), which amended and restated in its entirety the loan and security agreement, dated as of September 4, 2026, previously described in the Current Report on Form 8-K filed by the Company on September 14, 2026 (the “Prior Loan Agreement”). Pursuant to the A&R Loan Agreement, certain additional subsidiaries of Bally’s formed in connection with the Bally’s Bronx project were added as obligors under the A&R Loan Agreement. The $400 million closing date term loan commitments made available under the A&R Loan Agreement were fully funded on October 1, 2026. An additional $160 million of delayed draw term loan commitments remain available for future draws to fund certain pre-construction costs and expenditures associated with the development of the Bally’s Bronx project. The other material terms of the A&R Loan Agreement are consistent with the terms of the Prior Loan Agreement previously disclosed in the Current Report on Form 8-K filed by the Company on September 14, 2026. The foregoing description is only a summary of the material amendments of the A&R Loan Agreement and does not purport to be complete and is qualified in its entirety by the full text of that agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 7.01 Regulation FD Disclosure. On October 2, 2026, Bally’s issued a press release announcing the entry into the A&R Loan Agreement described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 and incorporated by reference into this Item 7.01. The information provided pursuant to this Item 7.01, including Exhibit 99.1 in Item 9.01, is “furnished” and shall not be deemed to be “filed” with the SEC or incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in any such filings.