SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2025

Accounts receivable, net consists of the following:


	Successor		Predecessor
	June 30,		December 31,
(in thousands)	2025		2024
Amounts due from Rhode Island and Delaware(1)	$	15,289	$	14,135
Gaming receivables	20,754		20,700
Non-gaming receivables	60,425		27,803
Accounts receivable	96,468		62,638
Less: Allowance for credit losses	(6,513)		(7,152)
Accounts receivable, net	$	89,955	$	55,486

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(1) Represents the Company’s share of VLT and table games revenue for Bally’s Twin River and Bally’s Tiverton due from the State of Rhode Island and for Bally’s Dover from the State of Delaware.

Schedule of Business Acquisitions, by Acquisition

Certain adjustments have been made to Queen’s historical carrying values to conform accounting policies with the Company, with any such adjustments being recorded to equity. The preliminary purchase price of Queen is estimated based on the fair value of all existing and outstanding shares of Queen that were exchanged for shares of Company common stock, with the net effect of the transaction being charged to equity.

The preliminary purchase price of Queen and adjustment to equity resulting from the merger consists of the following:


(in thousands, except share and per share data)	Amount
Queen common stock outstanding on February 7, 2025	10,967,117
Per share ratio	2.45
Equivalent Bally’s common stock to be issued	26,909,895
Bally’s common stock issued to settle Queen’s outstanding warrant and restricted stock awards	3,542,201
Total Bally’s shares issued for Queen shares outstanding	30,452,096
Share price per Merger Agreement	$	18.25
Total purchase price	$	555,751
Less: Queen net assets assumed	217,027

Equity adjustment associated with the Queen merger	$	338,724