Bally’s forms special committee to evaluate proposal by Standard General

The Board of Directors of Bally’s Corporation has formed a special committee of independent and disinterested directors that is authorized, among other things, to evaluate the preliminary, non-binding proposal, dated March 11, 2024, by Standard General to acquire all of the outstanding shares of Bally’s that it does not already own for $15.00 in cash per share, as well as any potential strategic alternatives to the proposal. A copy of the proposal letter from Standard General is available as an exhibit to Standard General’s statement of beneficial ownership on Schedule 13D/A as publicly filed with the Securities and Exchange Commission. There can be no assurance that any definitive offer will be made or accepted, that any agreement will be executed or that any transaction will be consummated.