Bally's Wraps Up Merger With Gamesys

This story was published more than 2 years ago.

The merger of Bally's and online group Gamesys has officially gone through, as court approval came in and let the deal finish by the end of the third quarter.

The two groups agreed to a £2 billion merger earlier this year, with shareholders giving their final approval in June. That agreement saw Bally's paying $25.77 per share of Gamesys and would see the two companies merging to design a complete gaming solution. Under the terms of the deal, Gamesys will be delisted from the New York Stock Exchange on October 4th, with new Bally's shares going live on the same day.

Commenting on the merger Bally's Chairman Soo Kim said, "We think that Gamesys' proven technology platform alongside its highly respected and experienced management team, combined with the US market access that Bally's provides, should allow the combined group to capitalise on the significant growth opportunities in the US sports betting and online markets."

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Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.