Bally’s has gained court approval for its £2bn merger with the UK-based online gambling operator and content developer.
UK.- The US casino operator, Bally’s Corporation, has completed its merger with the online gambling operator and content developer Gamesys Group.
The £2bn deal was announced in March but was waiting for court approval to proceed. It had already been approved by the UK regulator the Gambling Commission.
Bally’s paid $25.77 per Gamesys share, with the shares now delisted from the New York Stock Exchange. New Bally’s shares were listed this morning (October 4).
Neil Goulden, Andria Vidler, Colin Sturgeon, Nigel Brewster, James Ryan and Katie Vanneck-Smith have resigned as non-executive directors of Gamesys.
Lee Fenton, chief executive of Gamesys, will become chief executive of the combined group, with two other Gamesys directors to join the board.
George Papanier, chief executive of Bally’s, is to remain on the board and take up a new role in charge of Bally’s estate of land-based casinos. Bally’s has reported strong results for the second quarter.