Bally's leadership to consider acquiring all outstanding shares

February 4, 2022

Advisory group to be appointed to determine plan's viability.

A special committee has been formed at Bally’s Corporation to determine whether all outstanding shares of Bally’s which it does not already own should be acquired. The price per share would be $38.00 in cash.  

The special committee was formed at the behest of the company’s Board of Directors and is to be constituted of disinterested and independent parties. Its remit is to evaluate the viability of a non-binding preliminary proposal by the Standard General – dated January 25, 2022 – to acquire all outstanding shares.  

The proposal is non-binding and there is no assurance that any offer is going to be made or accepted.  

It is a logical next step, though, for a Bally’s Corporation that has spent the last several years expanding and consolidating its position. Under the stewardship of Soo Kim, who bought the Bally’s brand in 2018, the group has been on something of a buying spree: the Tropicana Hotel in Las Vegas, the European iGaming operator Gamesys, and its positioning itself to obtain one of the licenses to operate a casino in downstate New York. 

With these recent acquisitions, Bally’s has become at once half a land-based operator and half an online operator. This is a unique place to maintain in the in the world of American gaming.  

The company already has about 10,000 employees and casino operations with over 15,800 slot machines, 500 table games and 5,300 hotel rooms.  

Obtaining the company’s outstanding shares would be a further power move by a management team already disposed to aggressive expansion.  


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

Brian Uran - AI has shown casinos new ways to think about business


Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.