Bally's Corporation Completes Merger With The Queen Casino & Entertainment (Standard General)
February 7, 2025
Bally's Corporation completed its previously announced merger with The Queen Casino & Entertainment Inc., which is majority-owned by funds managed by Standard General L.P. Queen shareholders received a combination of stock and cash consideration under the merger agreement. The cash consideration was financed by $500 million of senior secured notes provided exclusively by funds managed by Apollo.
- Buyers
- Bally's Corporation
- Targets
- The Queen Casino & Entertainment Inc.
- Sellers
- Standard General L.P. (majority owner via funds managed by Standard General)
- Industry
- Media & Entertainment
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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.
-
Intralot S.A. Acquires Bally’s International Interactive Business
October 9, 2025
Cloud & SaaS
Intralot S.A. agreed to acquire Bally’s International Interactive (Bally’s International Interactive business) for an enterprise value of €2.7 billion in a cash-and-shares transaction. The consideration includes €1.53 billion cash plus €1.136 billion of newly issued Intralot shares. The deal was later completed, creating a global gaming technology and services company spanning lottery and digital online gaming, with Bally’s becoming Intralot’s majority shareholder.
-
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.
-
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.
-
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.