Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 23, 2021, Bally's Corporation (the "Company") and Stephen H. Capp entered into an amendment to Mr. Capp's employment contract reflecting the new terms of his employment (the "Amendment"). Pursuant to the Amendment, effective as of February 23, 2021, Mr. Capp will continue serving as Executive Vice President and Chief Financial Officer for the Company through December 31, 2022 (the "initial period") subject to additional one year extensions. During the initial period, Mr. Capp's annual compensation will consist of $825,000, a potential target bonus of 100% of base salary, an equity award of 38,022 shares of the Company's common stock consisting of (1) 12,398 shares, half in time-vested restricted stock and half in performance shares, vesting on December 31, 2021, and (2) 25,624 shares, half in time-vested restricted stock and half in performance shares, vesting on December 31, 2022 and a continuation of current benefits.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits
Exhibit No.               Description
104                       Cover Page Interactive Data File (embedded within the Inline XBRL
                          document).

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