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LOSS PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
LOSS PER SHARE LOSS PER SHARE
Diluted earnings per share includes the determinants of basic earnings per share and, in addition, reflects the dilutive effect of
the common stock deliverable for stock options, using the treasury stock method, and for RSUs, RSAs and PSUs for which
future service is required as a condition to the delivery of the underlying common stock.
Successor
Predecessor
 
Period from
February 8,
2025 to
December 31,
2025
Period from
January 1,
2025 to
February 7,
2025
Year Ended
December 31,
2024
(in thousands, except per share data)
Net loss attributable to Bally’s Corporation
$(650,074)
$(51,024)
$(567,754)
Weighted average common shares outstanding, basic
60,556,906
48,742,859
48,468,887
Weighted average effect of dilutive securities
—
—
—
Weighted average common shares outstanding, diluted
60,556,906
48,742,859
48,468,887
Basic loss per share
$(10.73)
$(1.05)
$(11.71)
Diluted loss per share
$(10.73)
$(1.05)
$(11.71)
Anti-dilutive shares excluded from the calculation of diluted earnings per
share
464,405
5,056,640
5,377,457
The Company has Penny Warrants which participate in dividends with the Company’s common stock subject to certain
contingencies. In the period in which the contingencies are met, those instruments are participating securities to which income
will be allocated using the two-class method. The Penny Warrants were considered exercisable for little to no consideration and
are therefore included in basic shares outstanding at their issuance date. Refer to Note 2 “Summary of Significant Accounting
Policies” for further information regarding the Framework Agreement.