With operating performance exceeding expectations in land-based casino and interactive business, Bally’s shows no plans to issue incremental common equity or draw on Gaming and Leisure Properties to fund the Gamesys acquisition. 

The arrangement of bridge financing for the Gamesys transaction from Deutsche Bank AG, London Branch, Goldman Sachs USA and Barclays Bank PLC stands consistent with UK regulatory requirements.

The aims to refinance the bridge facility alongside its and Gamesys’ debt are through one or more capital market transactions. These are expected to include public or private bond offerings and a company-wide bank credit facility. 

The closing of the Gamesys transaction is subject to customary conditions including regulatory approval. This is expected to take place during the fourth quarter of 2021.