You are telling us the knocker and flashers are locked on. Is the game coming to attract mode, i.e. displays coming up, controlled illumination is running?
Bad Girls is one of the fewer games which are running a 2732 in PROM2 socket. Is the Swemmer board configured like that? Most of the games are running a 2716 in PROM2 socket.
Your old board was affected by a leaking battery.....the 4 pin power connector at the cpu might be damaged and if so, it has to be repinned. Same counts for the switchmatrix J6 connector.
The 5V power supplies are usually fine. Just tighten the screws for the LM338 regulator, replace and adjust the 500 Ohm pot for a sealed multiturn and reflow the header pins and it should last for years again.
If the so called "ground updates" are executed: DO NOT use the heatsink form the 5V power supply as a Ground Plane as it is barely isolated from the +5V (which is present at the case of the LM338 regulator).