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New Deal


Announced

Standard General to acquire a 79% stake in Bally's for $1.7bn.

Financials

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Transaction Value£1,228m
Consideration TypeCash
Capital Owned21%
Capital Bid For79%
EV/Sales-
EV/EBITDA-
Share Price Premium30%
One Off Charge-

Sources

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Acquisition

Majority

Public

gaming

Single Bidder

United States

Entertainment

Friendly

betting

Private Equity

Domestic

Pending

Synopsis

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Standard General, a private equity firm, offered to acquire the remaining 79% stake in Bally's, a gaming, betting and interactive entertainment company, for $1.7bn. "As a result of our long-term involvement with the company and its predecessor, we have a detailed understanding of Bally’s, its business and assets, which will enable us to move quickly to finalize a transaction," Standard General.

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