Bally’s Corp on Monday provided an update on its GBP2.02 billion acquisition of Gamesys Group PLC, expecting it to complete early next month.

Providence, Rhode Island-based casino operator Bally’s said merger conditions relating to the Gambling Commission of Great Britain were satisfied, but it was still awaiting US regulatory approval and a court hearing to sanction the scheme.

The court hearing has been scheduled for 30 September 2021. In accordance with the provisions of the Scheme, the Election Return Time and the Election Withdrawal Deadline in respect of the Share Alternative will therefore be set at 1:00 p.m. on 23 September 2021. The Scheme is expected to become effective on 1 October 2021, or shortly thereafter.

As announced by Gamesys on 10 August 2021, the Gamesys board has approved and declared the Second Gamesys Interim Dividend of 15 pence per Gamesys Share, payable to Gamesys Shareholders on the register of members of Gamesys on 10 September 2021. As it is anticipated that the Scheme will become effective before the scheduled payment date of 15 October 2021, the Gamesys Board has adjusted the payment date to 1 October 2021.