Scientific Games finalises Bally takeover

By David Cook
Scientific Games has completed its $5.1bn acquisition of fellow provider Bally Technologies.

The official completion of the purchase, which includes the refinancing of approximately $1.8bn of existing Bally debt, follows the approval of Bally’s shareholders last week, who voted 99.61% in favour of the deal.

Approval from the Nevada Gaming Commission was the final step before the official confirmation of the takeover.

Scientific Games president and CEO Gavin Isaacs said: “Earlier today, Scientific Games completed the acquisition of Bally Technologies Inc., creating a new and influential company.

“Our mission, simply stated, is to become the premier gaming and lottery entertainment and technology company in the world by offering operators a comprehensive array of high-earning, player-appealing games and technology solutions. We expect to accomplish this by harnessing our culture of innovation and continuous improvement to create the best products, systems and services imaginable for the near and long-term benefit of our customers around the world.”

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