Tag Archives: Soo Kim

SBC Summit North America to tackle betting industry’s leadership challenges

SBC Summit North America

The future of the U.S. sports betting industry, its relationships with professional sports organizations and media brands, and the sector’s investment landscape will be subject to in-depth examinations during the Leaders in Sports track at SBC Summit North America. Executives from companies including DraftKings, BetMGM, Penn Interactive, Bally’s Corporation, ESPN, and Yahoo Sports are set to participate in the track, …

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Bally’s acquisition of Gamesys to close on 1 October

Bally’s Corporation has confirmed that its takeover of Gamesys Group will reach completion on 1 October, putting an end to the months-long acquisition process. The US sports betting and gaming conglomerate revealed that the M&A process had received regulatory approval from the UK Gambling Commission (UKGC), but added that approval was still required from US counterparts. A court hearing sanctioning …

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Gamesys merger with Bally’s moves closer to completion

The acquisition of Gamesys Group by Bally’s Corporation is now closer to completion, after the board of the US betting and gaming conglomerate obtained the required votes for all shareholder approvals. Under the terms of the initial takeover agreement signed in April, the merger will see Bally’s, in cooperation with Premier Entertainment, acquire the entire issued and to be issued ordinary …

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Bally’s makes ‘transformational step’ with finalisation of Gamesys takeover

Bally’s Corporation has this morning published the definitive terms for its proposed takeover of Gamesys Group Plc, having agreed the combination ‘in principle’ last month. Upon completion of the acquisition, the combined group will be headquartered in Providence, Rhode Island, and its shares will remain listed on the New York Stock Exchange, whilst a request will be made for Gamesys …

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Bally’s shows its hand targeting a £2bn takeover of Gamesys

Bally’s Corporation has reached an ‘agreement in principle’ to acquire Gamesys Group Plc after proposing an initial approach of +£2 billion.  The US gambling conglomerate, which seeks to aggressively expand its digital portfolio, has offered an £18.50 cash per share offer to Gamesys investors to open negotiations.  Bally’s stated that its offer equates to a near 40% premium on Gamesys’ …

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