Betting giant Scientific Games' purchase of Bally Technologies may be in jeopardy after super bank JP Morgan Chase has delayed getting $3.19 billion in loans which were to be used to finance the deal.
JP Morgan Chase has reportedly not been able to raise the money from investors. The group was given an October 3rd deadline, and the firm has only brought in 2 billion of the $3.19 billion required. After the failure Scientific Games' share price fell more than 7%.
Scientific Games agreed to purchase Bally in August of this year for $5.1 billon, a price of $83.30 per share for the firm.
Casino Listings will update this story as more developments arise.