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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