Bally's Atlantic City) QUARTERLY REPORT

Bally's Park Place LLC (Bally's Atlantic City) QUARTERLY REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2020 SUBMITTED TO THE DIVISION OF GAMING ENFORCEMENT OF THE STATE OF NEW JERSEY OFFICE OF FINANCIAL INVESTIGATIONS REPORTING MANUAL Bally's Park Place LLC (Bally's Atlantic City) BALANCE SHEETS AS OF SEPTEMBER 30, 2020 AND 2019 (UNAUDITED) ($ IN THOUSANDS) Line Description Notes 2020 2019 (a) (b) (c) (d) ASSETS: Current Assets: 1 Cash and Cash Equivalents.................................................. 2 $12,261 $12,957 2 Short-Term Investments....................................................... 0 0 Receivables and Patrons' Checks (Net of Allowance for 3 Doubtful Accounts - 2020, $2,071; 2019, $3,140 )............ 2, 4, 12 3,209 4,778 4 Inventories ........................................................................... 2 1,124 676 5 Other Current Assets............................................................ 5 2,604 2,177 6 Total Current Assets........................................................ 19,198 20,588 7 Investments, Advances, and Receivables................................ 6 2,532 8,772 8 Property and Equipment - Gross............................................. 2,7 54,501 101,235 9 Less: Accumulated Depreciation and Amortization........... 2,7 (781) (18,108) 10 Property and Equipment - Net.........................................…… 2,7 53,720 83,127 11 Other Assets............................................................................ 8, 9 18,801 13,746 12 Total Assets............................................................................. $94,251 $126,233 LIABILITIES AND EQUITY: Current Liabilities: 13 Accounts Payable................................................................. $4,171 $6,397 14 Notes Payable....................................................................... 0 0 Current Portion of Long-Term Debt: 15 Due to Affiliates................................................................ 16 External............................................................................. 0 0 17 Income Taxes Payable and Accrued.................................... 0 0 18 Other Accrued Expenses...................................................... 10 10,117 12,271 19 Other Current Liabilities...................................................... 8 1,575 1,667 20 Total Current Liabilities.................................................... 15,863 20,335 Long-Term Debt: 21 Due to Affiliates................................................................... 0 0 22 External................................................................................ 0 0 23 Deferred Credits ..................................................................... 0 0 24 Other Liabilities...................................................................... 11 33,739 67,188 25 Commitments and Contingencies…………………………… 13 0 0 26 Total Liabilities....................................................................... 49,602 87,523 27 Stockholders', Partners', or Proprietor's Equity...................... 44,649 38,710 28 Total Liabilities and Equity..................................................... $94,251 $126,233 The accompanying notes are an integral part of the financial statements. Valid comparisons cannot be made without using information contained in the notes. 12/11 DGE-205 Bally's Park Place LLC (Bally's Atlantic City) STATEMENTS OF INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019 (UNAUDITED) ($ IN THOUSANDS) Line Description Notes 2020 2019 (a) (b) (c) (d) Revenue: 1 Casino..................................................................................... $42,817 $82,252 2 Rooms..................................................................................... 19,345 34,194 3 Food and Beverage................................................................. 13,696 36,111 4 Other....................................................................................... 4,497 7,628 5 Net Revenue......................................................................... 12 80,355 160,185 Costs and Expenses: 6 Casino..................................................................................... 33,671 53,970 7 Rooms, Food and Beverage.................................................... 18,022 35,492 8 General, Administrative and Other......................................... 32,421 44,290 9 Total Costs and Expenses.................................................... 84,114 133,752 10 Gross Operating Profit............................................................... (3,759) 26,433 11 Depreciation and Amortization.............................................. 2 2,259 4,598 Charges from Affiliates Other than Interest: 12 Management Fees................................................................ 0 0 13 Other......................................................................………… 2 9,215 13,440 14 Income (Loss) from Operations................................................. (15,233) 8,395 Other Income (Expenses): 15 Interest Expense - Affiliates................................................... 0 0 * 16 Interest Expense - External..................................................... (7,228) (8,570) * 17 CRDA Related Income (Expense) - Net................................. 13 59 332 18 Nonoperating Income (Expense) - Net................................... (38,724) (348) 19 Total Other Income (Expenses)........................................... (45,893) (8,586) 20 Income (Loss) Before Taxes ..................................................... (61,126) (191) 21 Provision (Credit) for Income Taxes...................................... 1,255 0 22 Net Income (Loss)..................................................................... ($62,381) ($191) * Certain balances have been combined The accompanying notes are an integral part of the financial statements. Valid comparisons cannot be made without using information contained in the notes. 3/18 DGE-210 Bally's Park Place LLC (Bally's Atlantic City) STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019 (UNAUDITED) ($ IN THOUSANDS) Line Description Notes 2020 2019 (a) (b) (c) (d) Revenue: 1 Casino..................................................................................... $26,001 $29,386 2 Rooms..................................................................................... 12,973 14,407 3 Food and Beverage................................................................. 5,481 14,002 4 Other....................................................................................... 2,592 2,979 5 Net Revenue......................................................................... 12 47,047 60,774 Costs and Expenses: 6 Casino..................................................................................... 13,785 18,850 7 Rooms, Food and Beverage.................................................... 7,242 12,690 8 General, Administrative and Other......................................... 12,972 15,000 9 Total Costs and Expenses.................................................... 33,999 46,540 10 Gross Operating Profit............................................................... 13,048 14,234 11 Depreciation and Amortization.............................................. 2 (971) 1,528 Charges from Affiliates Other than Interest: 12 Management Fees................................................................ 0 0 13 Other......................................................................………… 2 2,436 4,850 14 Income (Loss) from Operations................................................. 11,583 7,856 Other Income (Expenses): 15 Interest Expense - Affiliates................................................... 0 0 * 16 Interest Expense - External..................................................... (1,312) (2,921) * 17 CRDA Related Income (Expense) - Net................................. 13 14 161 18 Nonoperating Income (Expense) - Net................................... 1 (5,889) (439) 19 Total Other Income (Expenses)........................................... (7,187) (3,199) 20 Income (Loss) Before Taxes ..................................................... 4,396 4,657 21 Provision (Credit) for Income Taxes...................................... 1,255 0 22 Net Income (Loss)..................................................................... $3,141 $4,657 * Certain balances have been combined The accompanying notes are an integral part of the financial statements. Valid comparisons cannot be made without using information contained in the notes. 3/18 DGE-215 Bally's Park Place LLC (Bally's Atlantic City) STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2019 AND NINE MONTHS ENDED SEPTEMBER 30, 2020 (UNAUDITED) ($ IN THOUSANDS) Retained Total Additional __________ Earnings Stockholders' Common Stock Preferred Stock Paid-In __________ (Accumulated Equity Line Description Notes Shares Amount Shares Amount Capital __________ Deficit) (Deficit) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 1 Balance, December 31, 2018........... 100 $1 0 $0 $43,775 ($5,829) $37,947 2 Net Income (Loss) - 2019.............. (7,678) (7,678) 3 Contribution to Paid-in-Capital..... 0 4 Dividends...................................... 0 5 Prior Period Adjustments.............. 0 6 Equitization of Intercompany 10,607 10,607 7 Adj. prior year-Rev. Recognition 0 8 Reclassification of Equity 0 9 0 10 Balance, December 31, 2019........... 100 1 0 0 54,382 0 (13,507) 40,876 11 Net Income (Loss) -Predecessor (69,549)

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