Bally's sells Asian interactive business to management-led company for note

Bally's Corp

Bally's entered agreement to sell its Asia and certain international interactive business to a company formed by that business's management.
Consideration is a note; ownership of certain IP placed in trust and licensed to Buyer for five years (subject to extension).
Bally's will provide transition services and have no role in management, operations, or governance of the Carved-Out Business.
Financial impact not material to Adjusted EBITDA or free cash flow; expects lower revenue but higher margin licensing income.
Transaction intended to focus capital on North America and Europe; cost actions to offset modest EBITDA/FCF decline.

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