Parent Support Letter from Bally’s Corporation to Bally’s Chicago, Inc. (March 28, 2024)
Bally’s Corporation has formally committed to fully support the operating, investing, and financing needs of its subsidiary, Bally’s Chicago, Inc., through at least December 31, 2025. The letter confirms that Bally’s Corporation has both the intent and ability to provide this support and will not take any actions that would harm the subsidiary’s ability to continue its business during this period. The commitment is made by the company’s Executive Vice President and CFO, who has the authority to bind the parent company to this obligation.
Exhibit 10.34
March 28, 2024
Bally’s Corporation
100 Westminster Street
Providence, Rhode Island 02903
In connection with the preparation of the financial statements of Bally’s Chicago, Inc. (“the Company”), a wholly-owned subsidiary of Bally’s Corporation (the “Parent”), as of December 31, 2023 and for the year then ended, we confirm to you the following:
The Parent will, and has the ability to, fully support the operating, investing, and financing activities of the Company through at least December 31, 2025.
The Parent does not intend to undertake any decision or action that would reasonably be expected to negatively affect the Company's ability to continue as a going concern through at least December 31, 2025.
Very truly yours,
Bally’s Corporation
Mr. Marcus Glover*, Executive Vice President and Chief Financial Officer of Bally’s Corporation
| Signature | /s/ Marcus Glover |
* The person has the authority to contractually commit the Parent to funding all of the Company’s operating, investing, and financing activities through at least December 31, 2025, without approval from the Company’s Board of Directors, or other senior members of management.
