The U.S.-based casino operator, Bally’s, is purchasing Gamesys, a UK online gaming company, for an estimated $2.7 billion. This all-cash transaction, offering £18.50 per share, represents a considerable increase over Gamesys’ share value before the acquisition discussions became known.
Gamesys Chairman, Neil Goulden, emphasized the significant benefit this agreement provides to Gamesys stakeholders, surpassing even their peak historical share price.
Soo Kim, Bally’s Chairman, stressed that this purchase is a vital move in their plan to become a global powerhouse in online gaming, enabling them to establish a strong enterprise that serves both businesses and individual clients. He also conveyed deep respect for Gamesys’ skilled workforce, technological foundation, and their mutual ambition for expansion within the U.S. market.
Gamesyss established technology, coupled with Bally’s US market reach and seasoned executive team, forms a robust enterprise ready to leverage the substantial expansion of the US sports wagering and internet gaming sector.
Gamesys investors can anticipate two dividend disbursements if the amalgamation is not concluded by September 9, 2021. The initial payout will be 28 pence per share, succeeded by a subsequent payment of 15 pence per share.
Bally’s is enthusiastic about the prospects of US digital gambling. They posit that this union with a recognized brand will enable them to fully exploit this surge. Bally’s perceives the merger as a considerable chance to enhance their client offerings and overall encounter.
