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): May 21, 1996
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
At the Annual Meeting of Stockholders of Bally Entertainment
Corporation (the "Company") held on May 21, 1996, the Company's
stockholders approved an amendment to the Company's Restated
Certificate of Incorporation to increase the number of authorized
shares of common stock, par value 66-2/3 cents from 80,000,000 to
120,000,000.
On May 23, 1996, the Company announced that it will redeem all of
its outstanding Series D Convertible Exchangeable Preferred Stock on
June 24, 1996. A copy of the news release describing this redemption
is attached as Exhibit 99 hereto and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
c. Exhibits
99 News Release of Registrant dated May 23, 1996
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
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Registrant
Date: May 28, 1996 /s/ John W. Dwyer
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John W. Dwyer
Vice President and Corporate Controller
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EXHIBIT 99
FROM: BALLY ENTERTAINMENT CORPORATION
8700 Bryn Mawr Avenue
Chicago, IL 60631
MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 507-9500
Contact: Laurie Terry - Email: [email protected]
Michael W. Kempner - Email: [email protected]
FOR IMMEDIATE RELEASE
BALLY ENTERTAINMENT CORPORATION TO REDEEM SERIES D CONVERTIBLE
EXCHANGEABLE PREFERRED STOCK
CHICAGO, May 23, 1996 -- Bally Entertainment Corporation
(NYSE:BLY) announced today that it will redeem all of its outstanding Series D
Convertible Exchangeable Preferred Stock (the Preferred Stock) on June 24, 1996
(the Redemption Date) at a price of $50.40 per share plus accrued and unpaid
dividends to the Redemption Date. Dividends on the Preferred Stock designated to
be redeemed shall cease to accrue on and after the Redemption Date. The
conversion price of the Preferred Stock is $22.52. The right to convert the
Preferred Stock to be redeemed into common stock of Bally Entertainment
Corporation will terminate at the close of business on June 14, 1996.
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
dockside casino and hotel in Robinsonville, Mississippi (near Memphis,
Tennessee) and a riverboat casino in New Orleans, Louisiana.
