Bally Technologies Purchased for $5.1 Billion by Scientific Games

bally-technologies-logo-74x75Bally Technologies, a popular slot developer, has been recently bought by the US gaming company Scientific Games for a deal worth $5.1 billion. The deal includes the refinancing of the existing debts of Bally Technologies. In turn, Bally shareholders will be paid $83.30 per share which is 38% above the closing price. For Bally, the deal will help them refinance existing debts and get higher market value for its shareholders. For Scientific Games, the deal will boost their online gambling and lottery game portfolio allowing them to offer more products and services in regulated markets.

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