SCHEDULE 13G/A: BlackRock Discloses 0.2% Passive Stake in Bally's Corp, Subsidiary Holds Over 5%

BlackRock, Inc. has filed an amended Schedule 13G, reporting a passive beneficial ownership of 0.2% of Bally's Corp common stock as of March 31, 2025, while noting a subsidiary holds a separate stake exceeding 5%.

Summary

• BlackRock, Inc. filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Bally's Corp.
• As of March 31, 2025, BlackRock, Inc. reported beneficial ownership of 99,856 shares of Bally's Corp common stock through certain of its business units.
• This reported stake represents 0.2% of the total outstanding common stock of Bally's Corp.
• BlackRock, Inc. holds sole voting power and sole dispositive power over all 99,856 shares reported in this filing.
• The filing certifies that these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Bally's Corp.
• It is noted that BlackRock Institutional Trust Company, National Association, a subsidiary of BlackRock, Inc., separately beneficially owns 5% or greater of Bally's Corp's outstanding shares, which is disaggregated from the 0.2% reported in this specific filing.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing passive ownership, with no explicit positive or negative implications for the issuer's performance or outlook.

Positives

• BlackRock, a major institutional investor, maintains a passive stake in Bally's Corp, indicating continued investment interest.
• The disclosure that a BlackRock subsidiary (BlackRock Institutional Trust Company, National Association) holds 5% or more of Bally's Corp's shares suggests a more substantial overall investment by BlackRock's broader organization than the 0.2% reported in this specific filing.
• The filing confirms the holding is for ordinary course of business, not for control, which suggests stability in the ownership structure from BlackRock's perspective.

Negatives

• The 0.2% stake reported by BlackRock, Inc. (for its specified reporting units) is a relatively small percentage, indicating limited direct influence on the company's operations or strategic direction from this particular holding.

Future Outlook

This Schedule 13G filing is a historical disclosure of ownership and does not contain forward-looking statements or guidance regarding Bally's Corp's future performance or BlackRock's future investment intentions beyond the passive nature of the current holding.

Management Comments

• The filing includes a certification from BlackRock, Inc. that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Bally's Corp.

Industry Context

This filing is a standard disclosure by a major institutional asset manager, BlackRock, Inc., detailing its passive ownership stake in Bally's Corp. Such filings provide transparency into significant ownership positions within publicly traded companies, which is a routine aspect of the investment management industry.

Comparison to Industry Standards

• This document is a standard regulatory filing (Schedule 13G) by an institutional investor, BlackRock, Inc., disclosing its passive ownership stake in Bally's Corp. It does not contain information that allows for a direct comparison of Bally's Corp's operational or financial results against industry benchmarks or specific comparable companies/projects. The filing itself adheres to SEC reporting standards for beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's passive stake.
• Company Management: Confirms a passive investment approach from BlackRock, not seeking control.

Key Dates

Keywords

Bally's Corp, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, Gaming Industry