Bally's discloses shareholder lawsuits challenging merger proxy; voluntarily supplements disclosures

Bally's Corp

Two shareholder lawsuits filed Oct 29-30, 2024 in NY state court alleging proxy statement deficiencies under state law.
Company received demand letters; believes claims are without merit but supplements proxy to mitigate litigation risk.
Supplemental disclosures add detail on merger background, financial advisor analyses, and standstill provisions.
Special meeting for stockholder vote remains scheduled for Nov 19, 2024; consideration unchanged.
Board continues to recommend approval of merger with Standard General/Queen at $15.00 per share.

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