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Business
February 22, 2022
Bally’s Special Committee Retained Macquarie as Financial Advisor
Omnichannel gaming and entertainment company Bally’s Corporation announced in a press release today the special committee decided to retain the services of current financial and legal advisors in consideration of the acquisition proposal of Standard General. Evaluating the Proposal The special committee of independent and disinterested directors Bally’s Corporation formed to evaluate the bid tabled […]
Sports
January 27, 2022
Bally to Run a Sports Betting Program Powered by BetMGM
Bally Sports has unveiled a new partnership with the iGaming and sports betting company BetMGM. As per the deal, BetMGM will help Bally Sports to launch and operate its first sports betting program, Live on the Line, Powered by BetMGM. Live on the Line Will Let Bettors Discover What’s New in Sports The program is […]
Business
January 26, 2022
Bally’s Receives Takeover Offer 30% Greater than Its Valuation
Standard General must know something others don’t. The New York hedge fund has offered to purchase the shares it doesn’t already own of Bally’s Corp. at a $2.07-billion valuation. Standard General is managed by Soohyung Kim, Bally’s chairman. Bally’s Mulls Buyout Bid Standard General is the largest shareholder of Bally’s, holding 20% of the company. […]
Sports
December 17, 2021
Bally’s Forges New Partnership with Major League Fishing
Bally’s Corporation announced a new deal with Major League Fishing earlier this week. Major League Fishing and Bally’s Ink New Agreement The leading US omni-channel provider of land-based gaming and interactive entertainment, Bally’s Corporation, inked a new groundbreaking deal with Major League Fishing (MLF), the world’s largest tournament-fishing organization. The deal was completed on Thursday […]
Poker
November 18, 2021
WSOP 2022 to Take Place at Bally’s and Paris in Las Vegas
After taking place at the Rio for 17 years in a row, the WSOP tournament will change its location to Bally’s and Paris Las Vegas. The 53rd edition of the tournament is planned to take place between May and July next year and the WSOP picked Vince Vaughn as the 2022 WSOP Master of Ceremonies. […]
Business
October 27, 2021
Bally’s Corporation Acquires UK Game Studio Degree 53
Omni-channel gaming and entertainment company Bally’s Corporation announced the acquisition of game innovation studio Degree 53 as the latest step to enhance its in-house technology. Enhance In-House Technology The acquisition of the based in Manchester, UK, Degree 53 will further enhance technical capabilities for NYSE-listed Bally’s Corporation as it continues to establish a leading position […]
Sports
October 22, 2021
Bally’s Inks First NHL Partnership, Teams up with Nashville Predators
Back on May 4, 1998, the Nashville Predators became the 27th team to join the National Hockey League (NHL). Since then, the popularity of the team has grown immensely and the franchise has seen significant success in recent seasons. Now, the Tennessee-based team inked a new partnership with the global casino-entertainment company Bally’s Corporation. Nashville […]
Industry
October 5, 2021
Merger between Bally’s and Gamesys is Now Complete
Bally’s is on a trajectory to become one of the most competitive industry players as it now brings the Gamesys acquisition to the finish line. Bally’s Closes Gamesys Chapter On Monday, Bally‘s announced that all the regulatory and shareholder obligations had been completed, and with this, the acquisition of Gamesys into Bally’s can be considered […]
Business
October 1, 2021
Bally’s Corporation Finalizes Merger with Gamesys Group
Earlier this year, Bally’s and Gamesys negotiated the terms of their $2.7 billion merger. Under the deal, Bally’s agreed to pay approximately $2.7 billion to Gamesys, which is approximately $25 per company share. Now, the companies have announced that the merger was completed following court approval. Bally’s and Gamesys Group Finalize $2.7 Billion Merger A […]
Business
September 22, 2021
Bally’s Confirms That the Gamesys Takeover Will Finalize on October 1
Bally’s Corporation has officially confirmed that its Gamesys takeover will be completed on October 1, and thus, it will finally complete the process of acquisition, one that lasted several months. The betting and gaming conglomerate also revealed that the UK Gambling Commission approved the M&A process, but, nevertheless, US counterparts still required approval. The Two […]