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.