(Alliance News) - 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.
Gamesys is a London-based gambling software maker whose brands include Jackpotjoy, Heart Bingo and Monopoly Casino.
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 is scheduled for September 30, at which the companies expect confirmation that their deal is effective from October 1 or shortly after.
In April, Bally's said it will pay 1,850 pence per share in cash for Gamesys as part of the deal announced in late March.
Gamesys shares were up 0.5% at 1,846.00 pence in London early Monday, slightly below the offer price.
Gamesys still intends to pay an interim dividend of 15 pence before the scheme is effective, as announced in early August.
By Josie O'Brien; josieobrien@alliancenews.com
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