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

On January 20, 2021, Bally's Corporation (the "Company") and George Papanier entered into an amendment to Mr. Papanier's employment contract reflecting the new terms of his employment (the "Amendment"). Pursuant to the Amendment, effective as of January 16, 2021, Mr. Papanier will continue serving as President and Chief Executive Officer for the Company through December 31, 2023 (the "initial period") subject to additional one year extensions. During the initial period, Mr. Papanier's annual compensation will consist of $950,000, a potential target bonus of 100% of base salary, an equity award of 114,482 shares of the Company's common stock consisting of 50% Restricted Stock Units and 50% Performance Stock Units under the Company's 2015 Stock Incentive Plan, 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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