SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): July 14, 1995
Commission file number 1-7244
BALLY ENTERTAINMENT CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-2512405
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8700 West Bryn Mawr Avenue, Chicago, Illinois 60631
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 399-1300
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Exhibit Index on Page 2
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BALLY ENTERTAINMENT CORPORATION
FORM 8-K
Current Report
Item 5. Other Events
On July 14, 1995, the Registrant issued the press release attached
hereto as Exhibit 99, which press release is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
c. Exhibit
99 News Release of Registrant dated July 14, 1995
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned, hereunto duly authorized.
BALLY ENTERTAINMENT CORPORATION
-------------------------------
Registrant
Date: July 20, 1995 /s/ Lee S. Hillman
-------------------------------
Lee S. Hillman
Executive Vice President, Chief
Financial Officer and Treasurer
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EXHIBIT 99
FROM: BALLY ENTERTAINMENT CORPORATION
8700 West Bryn Mawr Avenue
Chicago, IL 60631
MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 507-9500
Contact: Michael W. Kempner/Laurie Terry
BALLY ENTERTAINMENT CORPORATION ANNOUNCES CONSUMMATION OF EXCHANGE
OFFER FOR 6% CONVERTIBLE SUBORDINATED DEBENTURES DUE 1998
CHICAGO, July 14, 1995 -- Bally Entertainment Corporation
(NYSE:BLY) today announced that the holders of approximately 88% in
aggregate outstanding principal amount of its 6% Convertible
Subordinated Debentures tendered in Bally's offer to exchange its 8%
Convertible Senior Subordinated Debentures due 2000 for the 6%
Convertible Subordinated Debentures. The offering period for the
Exchange Offer ended at midnight EDT, on July 12, 1995, and Bally
accepted for payment the tendered Debentures on July 13, 1995.
As a result of the consent solicitation undertaken in
connection with the Exchange Offer, the indenture governing the 6%
Convertible Subordinated Debentures has been amended so as to, among
other things, allow Bally to proceed with a spin-off of its fitness
center business.
Bally Entertainment Corporation is one of the world's
foremost operators of casinos and casino hotel resorts. The company
owns and operates three world-class casino hotel resorts in Atlantic
City and Las Vegas, a riverboat casino in New Orleans, Louisiana and
plans to reopen ins dockside casino at its new location in Mississippi
in late summer of 1995.
Bally Entertainment Corporation, through its subsidiary,
Bally's Health & Tennis, is also the world's largest commercial
operator of fitness centers with approximately 340 facilities in the
U.S. and Canada.
