Ballys Corporation, a prominent player in the entertainment sector, recently unveiled an impressive second-quarter performance, achieving a substantial revenue of $268 million. This figure surpassed their initial projections of $258 million to $268 million. They are excelling in both land-based and digital gaming operations, leading to their decision to postpone any immediate plans for a public stock offering. Regarding their acquisition of Gamesys Group PLC, the company’s robust financial standing is enabling them to explore alternative financing options for the deal, reducing their reliance on additional debt. To facilitate this, they are collaborating with major financial institutions such as Deutsche Bank, Goldman Sachs, and Barclays. The future appears promising for Ballys!
GameStop aims to secure funding, potentially by blending public or private debt issuance with bank financing.
The transaction’s completion relies on customary closing prerequisites, including regulatory consent, and is anticipated to conclude before the years end.
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