Gaming operator Bally’s Corp. and U.K.-based iGaming operator Gamesys Group plc announced that, at their respective meetings of shareholders held on June 30, each company obtained the requisite votes for all shareholder approvals related to the companies’ proposed business combination. Closing of the transaction, which is subject to customary conditions including regulatory approval, is expected to take place during the fourth quarter of 2021.
“We are very pleased to have received our shareholders’ support, enabling us to achieve this next milestone toward the transaction close,” said Soo Kim, chairman of Bally’s. “By combining with Gamesys, we will meaningfully accelerate our growth strategy to become a premier, global, omnichannel gaming company, which we believe will create significant long-term shareholder value. We look forward to closing the transaction later this year, and working with Lee and the rest of Gamesys’ seasoned management team.”
Gamesys CEO Lee Fenton said, “This combination represents a compelling opportunity to integrate Gamesys’ market-leading gaming technology with Bally’s growing U.S. gaming platform to create a vertically integrated company that is poised to capitalize on the rapidly expanding U.S. online sports betting and iGaming market. Given our comprehensive suite of collective assets and our track record of successfully developing online gaming operations in highly competitive markets, we believe we will be able to offer customers a unique and differentiated approach to gaming.”
