Bally’s evaluates acquisition proposal

Bally’s Corporation has formed a committee of to evaluate a proposal by Standard General to acquire all of the outstanding shares of Bally’s that it does not already own.

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.