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

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 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.

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

February 7, 2025

Media & Entertainment

Standard General L.P. completed a $4.6 billion acquisition of Bally’s Corporation, and concurrently Bally’s combined with The Queen Casino & Entertainment Inc. Under the transactions, Queen shareholders received 30.5 million Bally’s shares, certain Bally’s shareholders received $18.25 per share in cash financed in part by $500 million of senior secured notes provided by funds managed by Apollo. The combined company expands Bally’s casino footprint (now 19 casinos) and interactive gaming presence.

Belden Inc. Acquires Precision Optical Technologies, Inc.

April 30, 2024

Telecommunications

Belden Inc. has acquired Precision Optical Technologies, Inc. in a transaction announced at approximately $290 million in cash. The deal adds a portfolio of value‑added optical transceivers and fiber products to Belden's Enterprise Solutions segment to broaden its PON and fiber offerings for telcos, MSOs, data centers and enterprise customers; the acquisition was expected to close by end of Q2 2024 and has been completed.

Apollo Funds Acquire IGT's Gaming & Digital Business from Brightstar Lottery

July 1, 2025

Media & Entertainment

Funds managed by affiliates of Apollo Global Management completed the acquisition of International Game Technology PLC’s Gaming & Digital business from Brightstar Lottery (formerly IGT). Brightstar received approximately $4.0 billion of net cash proceeds, which it will use to reduce near-term debt, return $1.1 billion to shareholders (a $3.00 per-share special dividend plus a $500 million repurchase authorization), and fund other corporate priorities; Brightstar will continue to trade as Brightstar Lottery (BRSL).

Abry Partners Makes Significant Growth Investment in TeraSky

January 26, 2023

IT Services

Boston-based private equity firm Abry Partners has made a significant growth investment in TeraSky, an Israel-based multi-cloud, cloud-native and managed services provider. The capital will help deepen TeraSky's Israel presence and accelerate its expansion across the United States and Europe.