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Announced

Completed

Bally's completed the acquisition of Bet.Works for $125m.

Financials

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Transaction Value£94m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United States

Casinos and Gambling

sports betting

Acquisition

Friendly

Majority

Single Bidder

Private

Completed

Synopsis

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Bally's, a gaming company, completed the acquisition of Bet.Works, a US-based, sports betting platform provider to operators in New Jersey, Iowa, Indiana and Colorado, for $125m. "This is the next step in our Company's evolution. By combining our expanding national footprint of casinos, the recently acquired Bally's brand, and Bet.Works' proprietary technology stack, we have evolved in just a few short years from a regional casino operator into the first US gaming company committed to serving our customers with an omni-channel approach, combining the best of our physical properties with a superior online experience," Soo Kim, Bally's Chairman.

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