3 unchanged sentences
Inflation generally affects us by increasing our cost of labor.
−Removed: Bally’s does not believe that inflation had a material effect on our business, financial condition or results of operations during the three months ended September 30, 2024 and 2023.
+Added: Bally’s does not believe that inflation had a material effect on our business, financial condition or results of operations during the period from February 8, 2025 to March 31, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor) and the three months ended March 31, 2024 (Predecessor).
Interest Rate Risk
−Removed: As of September 30, 2024, interest on borrowings under our credit facility was subject to fluctuation based on changes in short-term interest rates.
−Removed: On September 30, 2024, we had $2.24 billion of variable rate debt outstanding under our Term Loan and Revolving Credit Facilities and $1.49 billion of unsecured senior notes.
−Removed: Based upon a sensitivity analysis of our debt levels on September 30, 2024, a hypothetical increase of 1% in the effective interest rate would cause an increase in interest expense of approximately $22.4 million over the next twelve months while a decrease of 1% in the effective interest rate, not to exceed the interest rate floor, would cause a decrease in interest expense of approximately $22.4 million over the same period.
+Added: As of March 31, 2025 (Successor), interest on borrowings under our credit facility was subject to fluctuation based on changes in short-term interest rates.
+Added: On March 31, 2025 (Successor), we had $2.02 billion of variable rate debt outstanding under our Term Loan and Revolving Credit Facilities and $1.99 billion of unsecured senior notes.
+Added: Based upon a sensitivity analysis of our debt levels on March 31, 2025 (Successor), a hypothetical increase of 1% in the effective interest rate would cause an increase in interest expense of approximately $20.2 million over the next twelve months while a decrease of 1% in the effective interest rate, not to exceed the interest rate floor, would cause a decrease in interest expense of approximately $20.2 million over the same period.
We evaluate our exposure to market risk by monitoring interest rates in the marketplace and we have utilized derivative financial instruments to help manage this risk.
1 unchanged sentence
We have not historically utilized derivative financial instruments for trading purposes.
−Removed: We do not believe that fluctuations in interest rates had a material effect on our business, financial condition or results of operations during the three months ended September 30, 2024 and 2023.
+Added: We do not believe that fluctuations in interest rates had a material effect on our business, financial condition or results of operations during the period from February 8, 2025 to March 31, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor), and the three months ended March 31, 2024 (Predecessor).
Foreign Currency Risk
1 unchanged sentence
A vast majority of our revenues are from the UK market and are conducted in British Pound Sterling (“GBP”) and are therefore susceptible to any movements in exchange rates between the GBP and US Dollar.
−Removed: Foreign currency transaction losses for the three and nine months ended September 30, 2024 were $30.2 million and $26.4 million, respectively, while foreign currency transaction gains for the three and nine months ended September 30, 2023 were $8.5 million and $2.5 million, respectively.
+Added: Foreign currency transaction losses for the period from February 8, 2025 to March 31, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor) and the three months ended March 31, 2024 (Predecessor) were $1.6 million, $0.2 million and $2.8 million, respectively.
Movements in currency exchange rates could impact the translation of assets and liabilities of these foreign operations which are translated at the exchange rate in effect on the balance sheet date.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.