The Bally’s-Tropicana transaction is expected to close early next year. Gamesys shareholders can elect to convert holdings to Bally’s shares. Neil Goulden, Gamesys chairman, said in a statement the recommended cash offer, including a Gamesys fiscal 2020 dividend, provides a 41.2% premium to the Gamesys share price at the time of the original proposal from Bally’s. Papanier noted that Las Vegas draws more than 40 million tourists a year and said owning the Tropicana will boost Bally’s customer and player databases, unlock marketing opportunities and benefit Bally’s online and interactive business.īally's also announced a deal to combine with London-based online gaming operator Gamesys Group plc. That 2,800-room property at Flamingo Road is owned and operated by Caesars Entertainment Inc. does not own Bally’s Las Vegas on the Strip. “Landing a preeminent spot on the Las Vegas Strip is a key step for us,” George Papanier, Bally’s president and CEO, said in a statement.īally's Corp.
