Bally's Corporation Acquires Bet.Works

November 18, 2020

Bally's Corporation agreed to acquire Bet.Works, a U.S. sports betting and iGaming platform provider, for $125 million (half paid in Bally's common stock). The acquisition brings Bet.Works' ~130 employees and proprietary technology into Bally's Interactive to create a vertically integrated omni-channel sports betting and iGaming business; closing was expected in Q1 2021 pending regulatory approvals.

Buyers
Bally's Corporation
Targets
Bet.Works
Industry
Cloud & SaaS
Location
United States
Transaction Type
Buyout

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