Bally’s set to complete Gamesys merger
Bally’s Corp said its scheme of arrangement to buy Gamesys Group PLC will become effective in the fourth quarter of 2021.
Bally’s said the scheme document for the 1,850 pence-per-share takeover offer will be published on or around May 28. Subject to approval from Gamesys shareholders, the scheme will become effective in the fourth quarter.
Bally’s, a Rhode Island-based casino operator, agreed to pay GBP2.02 billion for London-based onling gambling provider Gamesys, in a deal announced on March 24. On April 13, Bally’s said holders of 33% of Gamesys shares had given irrevocable undertakings to vote in favour of the deal, which needs 75% support to go ahead.