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Gambling News - 'Standard general'
Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]

Business
September 17, 2024
Bally’s Acquisition Steams Ahead, Avoiding FTC Scrutiny
Bally’s Corporation, a leading player in US gaming and entertainment, recently announced it has signed a definitive merger agreement with its largest shareholder, Standard General L.P. The deal, valued at $18.25 per share, appears poised to move forward without facing federal antitrust scrutiny, as the regulatory waiting period has expired without objections from the Federal […]

Business
July 26, 2024
Bally’s Corporation Commits to Standard General Merger Agreement
Bally’s Corporation has entered into a definitive merger agreement with Standard General L.P.—its largest common stockholder, under which Standard General will acquire all outstanding shares of Bally’s for $18.25 per share. This new chapter for Bally’s should bring fresh opportunities for the operator and create lasting growth for the company. This Deal Should Significantly Expand […]

Business
May 6, 2022
Bally’s Corporation Rejected Standard General’s Takeover Offer
The gaming company Bally’s Corporation has turned down a takeover proposal from the investor giant Standard General. As of now, the former company will focus on its business and upping the price of its shares. Bally’s Turned down the Offer The offer put forward by the investors in January sought to buy out Bally’s at […]

Business
February 22, 2022
Bally’s Special Committee Retained Macquarie as Financial Advisor
Omnichannel gaming and entertainment company Bally’s Corporation announced in a press release today the special committee decided to retain the services of current financial and legal advisors in consideration of the acquisition proposal of Standard General. Evaluating the Proposal The special committee of independent and disinterested directors Bally’s Corporation formed to evaluate the bid tabled […]