July 25 (Reuters) - Bally's Corp:

* BALLY'S ENTERS INTO MERGER AGREEMENT WITH AFFILIATES OF

STANDARD

GENERAL L.P.

* BALLY'S CORP: BALLY'S STOCKHOLDERS TO RECEIVE $18.25 PER

SHARE

IN CASH

* BALLY'S CORP: BALLY'S STOCKHOLDERS TO RECEIVE $18.25 PER

SHARE

IN CASH

* BALLY'S CORP - TRANSACTION VALUES BALLY'S AT APPROXIMATELY

$4.6

BILLION IN ENTERPRISE VALUE.

* BALLY'S: AT LEAST 47% OF CO'S OUTSTANDING FULLY-DILUTED

EQUITY

INTERESTS WILL BE ROLLED OVER INTO COMBINED CO

* BALLY'S CORP: STANDARD GENERAL HAS OBTAINED $500 MILLION

OF

COMMITTED FINANCING TO SUPPORT MERGER

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