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Bally’s to fully acquire Gamesys by the end of September
The leading regional casino & sports betting entertainment company – Bally’s Corporation, has announced the end-date of the elongated buyout process of Gamesys Group.
The Gamesys Group is an online software development and gaming business, offering casino and bingo gaming content to its payers via a wide variety of brands including Virgin Games and Jackpotjoy.
The buyout process of Gamesys Group by Bally’s Corporation, which has expanded for months now, has finally been announce to finalize by the 1st of October this year, in regards to obtaining approval from UKGC and the US counterparts, the latter of which is still in the process.
The finalizing of the deal which will see the two firms merge together, will be carried out after the court hearing, initially scheduled on the 30th of September.
Formally discussed in April, Bally’s is going to acquire the full issued share capital at Gamesys Group, via a coalition with Premier Ent.
Eventually, following the terms of the integration, Gamesys is going to be de-listed from the London Stock Exchange, finishing its UK operations, and instead is going to form a combined company with Bally’s, to be based in the Rhode Island, US.
The Gamesys’ current Chief Executive Officer – Lee Fenton, is going to continue serving as the CEO, while non-executive head – Jim Ryan, and Chief Commercial Officer – Robson Reeves, will be joining the management team at the newly formed US group instead.
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