Potter Anderson Advises Bally’s Corporation Special Committee in $4.6B Acquisition by Standard General

Bally’s Corporation (“Bally’s”), a global casino-entertainment company with a growing omni-channel presence, has entered into a definitive merger agreement pursuant to which Standard General L.P. (“Standard General”), Bally’s largest shareholder, will acquire Bally’s outstanding shares at $18.25 per share, valuing Bally’s at approximately $4.6 billion in enterprise value.

In connection with Standard General’s initial acquisition proposal, a special committee of independent and disinterested directors of Bally’s board of directors was formed to evaluate the merger. After detailed consideration, the special committee determined that the merger was in the best interest of Bally’s and its stockholders other than Standard General and certain other stockholders who will be rolling over their equity.

Potter Anderson & Corroon LLP serves as legal counsel to the special committee of Bally’s Corporation on the deal. The team includes partners Mark Morton and Alyssa Ronan and associates Garrett Lyons and Ben Stowers.

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.