Bally finalise SHFL deal

y Technologies have officially completed their acquisition of fellow suppliers SHFL Entertainment.

The $1.3bn deal was first announced in July when it was at the definite agreement stage.

Bally say the purchase will broaden their product and service offerings, provide them with enhanced access to key geographies, increase recurring revenues, strengthen their development infrastructure, build on their strong team and enhance their intellectual property and content portfolios.

Bally Technologies President and CEO Ramesh Srinivasan said: “We are thrilled to announce the successful completion of our acquisition of SHFL, marking the beginning of a combination of two best-in-class, highly complementary and customer-centric gaming technology companies that will be even stronger together.

“As a combined company, we believe we will enhance our ability to serve our customers, accelerate innovation, improve upon our collective product portfolio and deliver meaningful long-term value to our shareholders.”