Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On September 29, 2025, Bally's Corporation ("Bally's" or the "Company") entered into an Incremental Joinder Agreement (the "Incremental Joinder Agreement") with Jefferies Finance LLC ("Jefferies") and Deutsche Bank AG, New York Branch, as administrative agent (in such capacity, the "Administrative Agent") which amends that certain Credit Agreement, dated as of October 1, 2021 (as amended by that certain First Amendment to Credit Agreement, dated as of June 23, 2023, that certain Second Amendment to Credit Agreement, dated as of May 14, 2025, that certain Third Amendment to Credit Agreement, dated as of September 11, 2025 (the "Third Amendment") and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among the Company, the Guarantors party thereto from time to time, the lenders from time to time party thereto, the Administrative Agent, Deutsche Bank AG, New York Branch, as collateral agent, and the other parties from time to time party thereto. The Incremental Joinder Agreement provides for (i) an increase of commitments under the Company's existing senior secured revolving credit facility due 2028 in an amount equal to $50 million and (ii) Jefferies' consent to the proposed sale and leaseback transaction of the Company's Twin River Lincoln Casino Resort pursuant to an existing agreement between the Company and Gaming and Leisure Properties Inc. for $735 million before transaction expenses, in each case, contingent upon regulatory approvals and the occurrence of the Amendment No. 3 Extension Effective Date (as defined in the Third Amendment).

The foregoing description of the Incremental Joinder Agreement does not purport to be complete and is subject, and qualified by reference, to the full text of the Incremental Joinder Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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 is incorporated by reference into this Item 2.03.

9.01 Financial Statements and Exhibits

(d) Exhibits.