Bally s Mergers and Acquisitions Summary

GamingCompany

Bally s has acquired 12 companies, including 12 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Bally s’ largest acquisition to date was in 2020, when it acquired Tropicana Evansville for $480M. It’s largest disclosed sale occurred in 2020, when it sold Dover Downs Hotel & Casino to Gaming and Leisure Properties for $340M. Bally s has acquired in 7 different US states, and 3 countries. The Company’s most targeted sectors include leisure (42%) and digital media (25%).

Join Mergr and gain access to Bally s’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the gaming sector.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity12
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Bally's

Bally's Corp.

100 Westminster Street,
Providence, Rhode Island 02903
United States,
(401) 475-8474
www.ballys.com

Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. With more than 5,400 employees, the Company's operations include 11,859 slot machines, 405 game tables, and 2,538 hotel rooms. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Bally's Atlantic City (Atlantic City, NJ), Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Bally's was founded in 2004 and is based in Providence, Rhode Island.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.4/yr) # - - 1 5 6 - 12
vol $765M $308M $1.1B
Sell (0.6/yr) # - - - 1 - 2 3
vol $340M $340M
  15

Most Recent M&A

Company Date Value Type
Bally's Twin River Lincoln Casino Resort 2022-06-28 - Divestiture
Lincoln, Rhode Island
Bally's Tiverton Casino & Hotel 2022-06-28 - Divestiture
Tiverton, Rhode Island
Telescope, Inc. 2021-08-12 - Add-on Acquisition
Los Angeles, California · www.telescope.tv
The Association Of Volleyball Professionals 2021-07-13 - Add-on Acquisition
Newport Beach, California · www.avp.com
Gamesys Group plc 2021-06-30 - Add-on Acquisition
London, United Kingdom · www.gamesysgroup.com
Tropicana Las Vegas, Inc. 2021-04-13 308M USD Divestiture
Las Vegas, Nevada · www.troplv.com
SportCaller 2021-02-08 - Add-on Acquisition
Dublin, Ireland · www.sportcaller.com
Monkey Knife Fight 2021-01-25 - Add-on Acquisition
San Jose, California · www.monkeyknifefight.com
Eldorado Resort Casino Shreveport 2020-12-23 140M USD Divestiture
Shreveport, Louisiana · www.eldoradoshreveport.com
Bet.Works Corp. 2020-11-18 - Add-on Acquisition
Las Vegas, Nevada · www.bet.works
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Leisure 5 (42%) 1.1B (100%) 3 (100%) 340M (100%)
Digital Media 3 (25%) - - -
Gaming 2 (17%) - - -
Media 2 (17%) - - -
Total 12 $1.1B 3 $340M

By Geo

State/Country Buy Value Sell Value
United States 10 1.1B 3 340M
  California 3 - - -
  Nevada 2 308M - -
  Rhode Island - - 2 -
  Louisiana 1 140M - -
  Indiana 1 480M - -
  Illinois 1 120M - -
  Colorado 1 - - -
  New Jersey 1 25M - -
  Delaware - - 1 340M
Ireland 1 - - -
United Kingdom 1 - - -
Domestic 10 (83%) 1.1B (100%) 3 (100%) 340M (100%)
Cross-border 2 (17%) - - -
Total 12 $1.1B 3 $340M

Top M&A Advisors

Financial Deals
Citizens Capital Markets, Inc.
2
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Jones Day
5
Bass, Berry & Sims PLC
1

Deal Values

buy # Total
$100M to $1B 4 $1.0B
< $100M 1 $25M
TOTAL $1.1B
Largest Tropicana Evansville
$480M (2020-10-27)
sell # Total
$100M to $1B 1 $340M
TOTAL $340M
Largest Dover Downs Hotel & Casino
$340M (2020-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
50%
6 (50%)
Divested to
Strategic(s)
100%
3 (100%)

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