The New York Gaming Facility Location Board announced on December 1, 2025, the results of granting licenses to the three casino proposals, voting unanimously to grant all...
Bally’s shareholders approve $4.6B deal with Standard General
An American gambling, betting, and interactive entertainment company, Bally’s Corporation shareholders officially approved a $4.6 billion acquisition by Standard General.
Back in July, Bally’s accepted the offer, with Standard General buying out the company’s shares at $18.25 each, a solid 71% premium compared to Bally’s stock price at the time. During a special meeting held on November 19, Bally’s shareholders excitedly supported the merger plan. Those who did not support the idea and did not vote were from Standard General and a few company executives.
Once the merger is finalized in mid-2025, Bally’s will remain a publicly traded company, with shareholders who hold onto their shares temporarily seeing them traded under the ticker ‘BALY.T.’ After the deal is closed, the ticker will return to ‘BALY.’
Soo Kim, managing partner of Standard General, highlighted how this acquisition offers Bally’s shareholders a nice cash bonus while also providing the opportunity to be part of a growing, diversified portfolio.
Once combined, the new entity will manage 19 gaming facilities across 11 states, while expanding its digital gaming and sports betting offerings. Despite a slight revenue decline of 0.4% for Q3 2024, Bally’s record growth in its online sectors remains optimistic about future success in key U.S. markets.
The Star Entertainment Group is preparing to welcome Bally’s takeover, as it will become the majority stakeholder in the company, with the deal set to be finalized by the end...
