Amended Statement of Beneficial Ownership (sc 13d/a)
December 15 2020 - 5:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 10)
BALLY’S
CORPORATION
(Name of Issuer)
Common
Stock, $0.01 par value per share
(Title of Class of Securities)
90171
V204
(CUSIP Number)
Joseph
Mause
Standard General L.P.
767 Fifth Avenue, 12th Floor
New York, NY 10153
Tel. No.: 212-257-4701
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 14, 2020
(Date of Event Which Requires Filing of
this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule
13d-7 for other parties to whom copies are to be sent.
*
The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior
cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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1
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Names of Reporting Persons.
Standard General L.P.
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
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6
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Citizenship or Place of Organization.
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared
Voting Power
11,471,463
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9
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Sole Dispositive Power
0
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10
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Shared
Dispositive Power
11,471,463
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11
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Aggregate
Amount Beneficially Owned by Each Reporting Person
11,471,463
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
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13
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Percent of Class Represented by Amount in Row (11)
37.6%
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14
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Type of Reporting Person (See Instructions)
IA
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1
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Names of Reporting Persons.
Soohyung Kim
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o
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6
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Citizenship or Place of Organization.
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7
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Sole Voting Power
0
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8
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Shared
Voting Power
11,471,463
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9
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Sole Dispositive Power
0
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10
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Shared
Dispositive Power
11,471,463
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11
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Aggregate
Amount Beneficially Owned by Each Reporting Person
11,471,463
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
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13
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Percent of Class Represented by Amount in Row (11)
37.6%
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14
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Type of Reporting Person (See Instructions)
IN, HC
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AMENDMENT NO. 10 TO SCHEDULE
13D
This Amendment No. 10 to Schedule 13D (the
“Amendment”) relates to Common Stock, par value $0.01 per share (“Common Stock”), of Bally’s
Corporation, a Delaware corporation (the “Issuer” or the “Company”). This Amendment is being filed to
amend the Schedule 13D that was originally filed on March 29, 2019 and amended on June 26, 2019, July 15, 2019, August 2,
2019, November 19, 2019, February 13, 2020, February 20, 2020, August 7, 2020, September 17, 2020, and November 20, 2020 (as
amended, the “Schedule 13D”). Unless otherwise indicated in this Amendment, all capitalized terms have the
meanings ascribed to them in the Schedule 13D.
* * *
This Amendment is being filed to amend and supplement
Items 4 and 5 of the Schedule 13D as set forth below.
Item 4. Purpose of Transaction
On December 14, 2020, the Reporting Persons adopted a Rule 10b5-1
transaction plan (the“Plan”), relating to the sale of shares of Common Stock with a total value of $12 million (net
of commission). The Plan was established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended,
and during an “open window” period as permitted by the Company’s insider trading policy. The Plan establishes
predetermined trading parameters that do not permit the Reporting Persons to exercise subsequent influence over how, when or whether
to effect any transactions under the Plan. The Plan will continue until the specified shares have been sold or the Plan is terminated
by the Reporting Persons.
The Reporting Persons intend to evaluate on an ongoing basis
their investment in the Issuer and their options with respect to such investment. The Reporting Persons continue to reserve the
right to change their purpose and to formulate and implement plans or proposals with respect to the Issuer at any time and from
time to time.
Item 5. Interest in Securities of the Issuer
(a) and (b) See Items 7-13 of the cover pages and Item 2 above.
(c) The Reporting Persons did not effect any transactions in
shares of the Issuer’s Common Stock during the sixty day period prior to the filing of this Schedule 13D.
The percentages reported herein are based on a statement
in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 that there were 30,476,057 shares of
the Issuer's Common Stock outstanding as of November 1, 2020.
(d) Not applicable.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true, complete and correct.
Date: December 15, 2020
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STANDARD GENERAL L.P.
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By:
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/s/ Joseph Mause
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Name:
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Joseph Mause
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Title:
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Chief Financial Officer
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SOOHYUNG KIM
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/s/ Soohyung Kim
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Soohyung Kim
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