Add-on Acquisition • Gaming

Bally s Acquires Bet.Works

On November 18, 2020, Bally s acquired gaming company Bet.Works

Acquisition Context
  • This is Bally s’ 2nd transaction in the Gaming sector.
  • This is Bally s’ 5th transaction in the United States.
  • This is Bally s’ 1st transaction in Nevada.

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M&A Deal Summary

Date November 18, 2020
Target Bet.Works
Sector Gaming
Buyer(s) Bally s
Deal Type Add-on Acquisition
Advisor(s) Brownstein (Legal)

Target Company

Bet.Works

Las Vegas, Nevada, United States
Bet.Works is a U.S.-based technology and services company delivering the most advanced iGaming and sportsbook products. Its flexible suite of proprietary solutions, coupled with a sophisticated managed service offering, uniquely position Bet.Works to provide US-ready solutions to enterprise, tribal and regional clients.
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Buyer Overview 1

Buyer

Bally s

Providence, Rhode Island, United States

Category Company
Founded 2004
Sector Gaming
Employees10,000
Revenue 2.5B USD (2024)
DESCRIPTION

Bally's specializes in delivering a comprehensive range of gaming and entertainment experiences through both traditional brick-and-mortar casino venues and expansive digital platforms. Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. Bally's was founded in 2004 and is based in Providence, Rhode Island.


Deal Context for Buyer #
Overall 5 of 12
Sector: Gaming 2 of 2
Type: Add-on Acquisition 1 of 6
State: Nevada 1 of 2
Country: United States 5 of 10
Year: 2020 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Dover Downs Hotel & Casino

Dover, Delaware, United States

Dover Downs Hotel & Casino is a luxurious 4 Diamond hotel and casino offering a variety of entertainment, dining, horse racing, table games, poker, and slots. Dover Downs Hotel & Casino is based in Dover, Delaware.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Eldorado Resort Casino Shreveport

Shreveport, Louisiana, United States

Eldorado Resort Casino Shreveport is a provider of exceptional guest service, a dynamic gaming product, award-winning dining, exciting entertainment and premier accommodations.

Buy $140M