Standard General Completes $4.6B Acquisition of Bally's; Bally's Combines with The Queen Casino & Entertainment

Intralot Acquires Bally's International Interactive for €2.7 Billion

October 9, 2025

Media & Entertainment

Intralot S.A. has completed the acquisition of Bally's International Interactive (formerly Gamesys Group) for an enterprise value of €2.7 billion. The consideration included €1.53 billion in cash and €1.136 billion in newly issued Intralot shares, resulting in Bally's Corporation holding a 58% equity stake in Intralot; the deal positions the combined business as a global iGaming and lottery leader and unlocks significant liquidity for Bally's.

Bally's Corporation Acquires Bet.Works

November 18, 2020

Cloud & SaaS

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.

Hyatt Hotels Corporation Acquires Standard International

August 21, 2024

Restaurants & Hospitality

Hyatt Hotels Corporation announced it will acquire the brands and most affiliates of Standard International, the parent company of The Standard and Bunkhouse Hotels, forming a new dedicated lifestyle group headquartered in New York City. The asset-light transaction covers management, franchise and license contracts for 21 open hotels (about 2,000 rooms) and includes a $150 million base purchase price with up to $185 million of contingent consideration.

Bally's Corporation Acquires Telescope Inc. from H.I.G. Growth Partners

August 12, 2021

Media & Entertainment

Bally's Corporation has acquired Telescope Inc., a provider of real-time fan engagement and interactive livestreaming solutions, from H.I.G. Growth Partners. The deal will integrate Telescope's audience engagement technology into Bally's Interactive, Bally Bet and Bally Sports to expand digital capabilities and attract younger audiences.

Regent Affiliate Acquires Bally from JAB

August 15, 2024

Consumer Products

An affiliate of Regent has acquired Bally International A.G., the Swiss luxury footwear and accessories company, from JAB. The deal transfers ownership of the 170+-year-old heritage brand to Regent as it looks to expand its luxury and retail portfolio.

Blackstone Acquires Crown Resorts

June 24, 2022

Restaurants & Hospitality

Blackstone has completed the acquisition of Crown Resorts Limited, acquiring three integrated resort and casino properties in Melbourne, Perth and Sydney in the firm's largest Asia Pacific transaction. Blackstone said it will work with Crown's management and employees to transform the properties into world-class entertainment destinations, improve compliance and governance, and support the Australian tourism recovery; Crown employs roughly 20,000 people.