M&A Deal Summary

Bally s Acquires Bet.Works

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2020-11-18
Target Bet.Works
Sector Gaming
Buyer(s) Bally s
Deal Type Add-on Acquisition
Advisor(s) Brownstein (Legal)

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bally s

Providence, Rhode Island, United States
Category Company
Founded 2004
Sector Gaming
Employees9,900
Revenue 2.2B USD (2023)
DESCRIPTION

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.

DEAL STATS #
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
Mergr

Product

Company

Legal