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Bally’s Corp Provides Update on Acquisition of Gamesys

Published

3 years ago

September 21, 2021

Niji Narayan

Reading Time: < 1 minute

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.

Related Topics:Bally’s Corp Gambling Commission of Great Britain Gamesys Group

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.