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Bally’s completes $2.7bn merger with Gamesys Group


Bally’s has completed its merger with online gambling operator and content developer Gamesys Group following final court approval.

The boards of the two businesses agreed terms on the £2.0bn (€2.32bn/$2.69bn) merger in March of this year, with the deal finalised in April and approved by shareholders in June.

As part of the deal, which was due to complete by the end of the fourth quarter, Bally’s agreed to pay $25.77 (£18.50/€22.01) per Gamesys share.

The merger had already received regulatory approval from the Great Britain Gambling Commission, but still required final sign-off from the court in order to complete.

Following this approval, Gamesys shares will be delisted from the New York Stock Exchange by 8:00am on October 4, with the new Bally’s shares to be listed by 9:30am on the same day.

Read the full story on iGB.