Bally’s Corp Provides Update on Acquisition of Gamesys

Bally’s Corp has provided an update on its GBP2.02 billion acquisition of Gamesys Group, which is expected to be completed in early October.

Bally’s said merger conditions relating to the Gambling Commission of Great Britain were satisfied, but it was still awaiting US regulatory approval and a court hearing to sanction the scheme.

The court hearing is scheduled for September 30, at which the companies expect confirmation that their deal is effective from October 1 or shortly after.

In April, Bally’s said it will pay 1850 pence per share in cash for Gamesys as part of the deal announced in late March.