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Item 2. Properties

2022-03-01 compared with 2021-03-10 · 29 added, 76 removed, 9 unchanged (92% of the section changed)

The following table summarizes certain features of properties managed/owned by Bally’s as of February 22, 2021:

Property Location Type Opening

The Company’s Casinos & Resorts reportable segment consists of 15 properties managed/owned by Bally’s as of December 31, 2021, as shown in the table below:

Property Location Type Built/Acquired Gaming

Machines Table

1 unchanged sentence

Outlets Racebook Sportsbook

Twin River Casino Hotel (1)

Lincoln, RI Casino and Hotel 2007 168,072 4,067 114 136 21 Yes Yes

Hard Rock Biloxi (1)

Bally’s Twin River Lincoln Casino Resort (1)

Lincoln, RI Casino and Resort 2004 162,420 3,979 114 136 21 Yes Yes

Hard Rock Hotel & Casino Biloxi (1)

Biloxi, MS Casino and Resort 2014 50,984 975 55 479 15 No Yes

Tiverton Casino Hotel (1)

Bally’s Tiverton Casino & Hotel (1)

Tiverton, RI Casino and Hotel 2018 33,840 1,000 32 83 7 Yes Yes

Dover Downs Hotel and Casino (1)

Dover, DE Casino, Hotel and Raceway 1995 84,075 2,060 37 500 14 Yes Yes

Black Hawk Casinos (1)(2)

Black Hawk, CO 3 Casinos multiple (4)

34,632 570 33 — 8 No Yes

Casino KC (1)

Kansas City, MO Casino 1996 39,788 848 17 — 3 No No

Casino Vicksburg (1)

Bally’s Dover Casino Resort (3)

Dover, DE Casino, Resort and Raceway 2019 84,075 2,060 37 500 8 Yes Yes

Bally’s Black Hawk (1)(2)

Black Hawk, CO 3 Casinos 2020 34,632 555 31 — 7 No Yes

Bally’s Kansas City Casino Kansas City, MO Casino 2020 39,788 872 22 — 3 No No

Bally’s Vicksburg Casino (1)

Vicksburg, MS Casino and Hotel 2020 32,608 481 8 89 2 No Yes

Bally’s Atlantic City (1)

Bally’s Atlantic City Casino Resort (1)

Atlantic City, NJ Casino and Hotel 2020 83,869 1,352 81 1,214 10 No Yes

Eldorado Resort Casino Shreveport (1)

Bally’s Shreveport Casino & Hotel

Shreveport, LA Casino and Hotel 2020 49,916 1,381 53 403 5 No No

Mile High USA Aurora, CO Racetrack/OTB Site 1992 — — — — 3 Yes No

Corporate Headquarters (3)

Providence, RI Office Space 2019 — — — — — No No

Bally’s Lake Tahoe Casino Resort Lake Tahoe, NV Casino and Resort 2021 48,425 374 17 438 7 Yes Yes

Bally’s Evansville Casino & Hotel (3)

Evansville, IN Casino and Hotel 2021 46,265 1,016 30 338 4 No Yes

Bally’s Quad Cities Casino & Hotel (1)

Rock Island, IL Casino and Hotel 2021 39,604 857 22 205 5 No No

Bally’s Arapahoe Park Aurora, CO Racetrack/OTB Site 2004 — — — — 1 Yes No

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(1) The properties noted above are mortgaged under and encumbered by our Credit Agreement entered into on December 31, 2020.

(2) These properties include the Golden Gates, Golden Gulch and Mardi Gras casinos which were acquired on January 23, 2020.

(3) The corporate headquarters located in Providence, RI is a leased property with a lease end date of July 1, 2023, but may be terminated by either party within 60 days notice.

(4) The Golden Gates, Mardi Gras and Golden Gulch casinos opened in 1992, 2000 and 2003, respectively.

Our Twin River Casino Hotel property is located in Lincoln, Rhode Island.

It is situated ten minutes from Providence, Rhode Island and is in close proximity to the southeastern Massachusetts market and Boston.

The Twin River Casino Hotel is a full-service casino with 168,072 square feet of gaming space, 4,067 slot machines, 114 table games, which includes 23 poker tables, 14 dining establishments, seven bars and over 29,000 square feet of event space.

It also hosts simulcasting of thoroughbred and greyhound racing from around the country.

Additionally, we opened a new hotel on the Twin River Casino Hotel property in October 2018 which features 136 guest rooms.

We also began offering sports betting at the Twin River Casino Hotel in late 2018.

The Twin River Casino Hotel is open 24 hours per day.

Our Hard Rock Biloxi property is located in Biloxi, Mississippi.

This location serves southern Mississippi and is also a Gulf Coast tourist destination.

The Hard Rock Biloxi is a 1.6-acre waterfront resort with a full-service casino, including 50,984 square feet of gaming space, 983 slot machines and 55 table games, a two-tower hotel featuring 479 guest rooms, 10 dining establishments, eight bars and a 9,000 square foot theatre.

It also includes nightlife options and an outdoor pool with a swim-up bar.

We also offer sports betting at the Hard Rock Biloxi.

We lease certain property related to this location from the State of Mississippi with a primary term of 30 years, expiring September 30, 2037, with an option to extend for an additional 30 years.

Annual rent for the year ending December 31, 2020 is $1.2 million and adjusts annually based on the increase in the consumer price index.

Hard Rock Biloxi is open 24 hours per day.

Our Tiverton Casino Hotel property is located in Tiverton, Rhode Island and opened in September 2018.

This property is located near the Rhode Island-Massachusetts border, serving both the southeastern Massachusetts market and the Rhode Island market.

The Tiverton Casino Hotel has 33,840 square feet of gaming space, 1,000 slot machines, 32 table games, five dining establishments, two bars and a hotel featuring 83 guest rooms.

We also began offering sports betting at the Tiverton Casino Hotel in late 2018.

The Tiverton Casino Hotel is open 24 hours a day.

Our Dover Downs property is located in Dover, Delaware.

This location serves the Mid-Atlantic region.

The casino is a 165,000 square foot complex with 84,075 square feet of gaming space featuring 37 table games, 2,060 slot machines, multi-player electronic table games, a poker room, and a race and sports book operation.

The hotel is a 500-room hotel with conference, banquet, ballroom and concert hall facilities.

We have a perpetual easement to Dover Downs Raceway, our harness racing track.

Our casino offers pari-mutuel wagering on live racing from this raceway and simulcast horse races.

The casino facility includes several bars, restaurants and retail outlets, all of which are located at our entertainment complex situated on approximately 69 acres of owned land.

When not under COVID restrictions, the Dover Downs Hotel & Casino is open 24 hours per day.

Our Black Hawk Casinos are located in Black Hawk, Colorado.

They are in close proximity to one another along a half-mile strip of casino and casino-hotel properties in this historic mining town located approximately 40 miles from Denver, Colorado.

Together, the properties contain a combined 34,632 square feet of gaming space, featuring 570 slot machines, 16 table games, a poker parlor containing 17 tables, four restaurants, four bars and one of the only parking garages in the market, with 700 spaces.

Casino KC is located in Kansas City, Missouri overlooking the Missouri River in close proximity to downtown Kansas City and the Berkeley Riverfront.

The property consists of 39,788 square feet of casino space, 848 slot machines, 17 table games and two dining venues and one bar.

It is located at a premier location on the riverfront near downtown and is readily accessible to suburban traffic.

We expect to substantially reposition the casino with a transformational redevelopment plan.

The Casino KC is open 24 hours per day.

Casino Vicksburg is located along the Mississippi River in Vicksburg, Mississippi.

The property features 32,608 square feet of casino space, 499 slot machines, eight electronic table games, three dining venues, one bar, and an 89-room hotel.

The Casino Vicksburg is open 24 hours per day.

Our Bally’s Atlantic City property is located in Atlantic City, New Jersey situated prominently in the center of the Atlantic City boardwalk.

This iconic 83,569 square foot property includes 1,481 slots, 93 tables, eight dining venues and two bar lounge, and nightclub facilities.

The property also houses a hotel with 1,214 guest rooms and suites, a spa and indoor fitness facilities and 80,000 square feet of meeting space with 28 meeting rooms, including the 12,000 square foot Ocean Ballroom.

Bally’s Atlantic City is open 24 hours per day.

Our Eldorado Resort Casino Shreveport property is located in Shreveport, Louisiana.

This premier property includes 1,382 slots, 54 tables and 403 hotel rooms and 6,000 square feet of convention space.

When not under COVID-19 related restrictions, Shreveport is open 24 hours per day.

Our Mile High USA properties are located in Aurora, Colorado.

This location serves the central Colorado market, including the Denver area.

Arapahoe Park is a seasonal live horse racing track with a racebook, concession stands, a bar, outside grill and retail store.

It also hosts simulcasting of thoroughbred and greyhound racing from around the country.

Arapahoe Park holds 13 OTB licenses, certain of which it currently licenses to third parties.

Havana Park is an OTB site, which we operate in Aurora, Colorado.

The Havana Park property is leased through September 28, 2022 at an annual rent of approximately $0.2 million and contains two five-year options.

(1) The properties noted above are required to be mortgaged under and will be encumbered by our Credit Agreement entered into on October 1, 2021.

(2) These properties include Bally’s Black Hawk North Casino, Bally’s Black Hawk West Casino and Bally’s Black Hawk East Casino.

(3) Properties leased from GLPI under the Master Lease agreement.

Refer to Note 13 “ Lease s ” for further information.

As of December 31, 2021, Bally’s had 242,200 square feet of office space, including the corporate headquarters located in Providence, Rhode Island.

Our interactive businesses operate primarily in leased office space located in the UK, Malta, Canada, US, Estonia, Sweden, Gibraltar, Isle of Man, Philippines, Hong Kong and Ceuta.

Recently Issued Accounting Pronouncements

For a discussion of recently issued financial accounting standards, refer to Note 3 “ Recently Issued and Adopted Accounting Pronouncements ,” “Item 8.

Financial Statements and Supplementary Data” of this Annual Report on Form 10-K for further detail.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties