Increases Revolver Commitments to $670 Million with Additional Lender to Extension Tranche

Unanimous Consent from $670 Million in Total Commitments from Revolver Lenders in Support of the Twin River Lincoln Sale and Leaseback

Increase to $510 Million in Commitments as Part of Extended Revolver Tranche with New October 2028 Maturity

Bally’s Corporation (the “Company” or “Bally’s”) (BALY: NYSE) announced today that it secured additional commitments to the extended maturity tranche to increase to $510 million of its revolving credit facility (“RCF”) commitments due October 1, 2028. In addition, the new RCF lender, along with all existing RCF lenders, representing an aggregate $670 million in commitments, have now consented to the proposed sale and leaseback of the Company’s Twin River Lincoln Casino Resort (the “SLB Transaction”) pursuant to an existing agreement between the Company and Gaming and Leisure Properties Inc. (“GLPI”) (GLPI: Nasdaq) for cash proceeds of $735 million before transaction expenses and taxes. Upon receiving similar consents to the SLB Transaction from holders of approximately $600 million of term loans, which represent approximately 32% of currently outstanding amounts, the Company will have received sufficient consent from its senior secured lenders to proceed with the SLB Transaction. The amended RCF financing and the proposed SLB Transaction are subject to the approval of various regulatory authorities.

As previously announced, Bally’s agreed with its RCF lenders, that upon completion of the SLB Transaction, Bally’s will take actions to reduce secured debt and credit facilities outstanding by an aggregate amount of $500 million, first with a permanent reduction of outstanding RCF commitments by 7.5%, to approximately $620 million with the additional commitment, and thereafter to prepay Bally’s outstanding term loan and first lien notes on a pro rata basis, or an approximate 19% reduction of such outstanding balances. The net sale proceeds after transaction expenses and provision for taxes from the SLB Transaction are expected to reduce outstanding RCF drawings.

If the SLB Transaction is consummated, based upon the agreed amendments with Bally’s RCF lenders, and if similarly ratified by Bally’s term loan lenders, the combined outstanding balances of Bally’s term loans and first lien notes is expected to be reduced from approximately $2.4 billion to approximately $1.92 billion. Separately, Bally’s continues to make progress towards the consummation of its previously announced €2.7 billion sale transaction of Bally’s International Interactive business to Intralot S.A., which is expected to close during the fourth quarter of 2025.

About Bally’s Corporation

Bally’s (NYSE: BALY) is a fast-growing national brand with 20 casinos internationally including 1 retail casino in Newcastle, UK, 11 states across the US, along with a golf course in New York and a horse racetrack in Colorado, and holds OSB licenses in 13 jurisdictions in North America. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally’s International Interactive division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business. As a global, entertainment-focused, omni-channel leader in retail and online gaming, Bally’s serves over 11 million domestic and 20 million international customers through its loyalty programs.

With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally’s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas.

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