Risk Factors Update Summary

• Revenue from retail properties in Louisiana, Ohio, and Missouri decreased from 14%, 13.6%, and 9% to 13%, 7.1%, and 9.5% respectively.
• Supply chain delays may impact obtaining gaming equipment, semiconductor chips, and supplies from key suppliers.
• Insurance premiums increased from $25.4 million in 2022 to $29.6 million in 2023.
• Failure to secure alternative technology financing may limit competitive offerings and increase costs.
• The number of states where the Barstool Sportsbook app is launched increased from 14 to 17.
• Cybersecurity risks and system failures could lead to revenue loss, legal costs, and customer confidence issues.
• The capacity under the Amended Revolving Credit Facility is $1.0 billion, with $978.3 million available as of December 31, 2023.
• Legal proceedings and regulatory changes could significantly impact financial condition, operations, and cash flows.
• The company relies on third parties for essential services like geolocation, identity verification, and payment processing.
• Changes in consumer privacy laws may require significant compliance costs impacting financial condition.
• The company faces risks related to climate change regulations and greenhouse gas effects.
• Failure to comply with federal, state, and local laws and regulations could adversely affect operations.
• The company may face challenges in managing recently acquired operations and integrating technology services.
• Changes in taxes and fees proposed by legislators may impact profitability and financial condition.