Media & Entertainment Acquisitions in Rhode Island
Showing 1 transactions.
-
February 7, 2025
- Buyer
- Standard General L.P., Bally's Corporation, Funds managed by Apollo Global Management
- Target
- Bally's Corporation, The Queen Casino & Entertainment Inc.
- Seller
- Certain Bally's stockholders (who elected cash consideration), Shareholders of The Queen Casino & Entertainment Inc.
- Industry
- Media & Entertainment
- Location
- Rhode Island, United States
- Type
- Buyout
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.
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