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

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.