Acquiring Company
Standard General
Acquired Company
Bally's Intralot
New York
PeaniaInvestment ManagementGamingSportsGamblingCasinoDescription
Standard General, the largest shareholder of Bally’s, has successfully completed the $4.6 billion acquisition of the regional casino operator. The transaction involved a cash consideration from Queen Casino & Entertainment Inc., majority owned by Standard General, and the involvement of funds managed by Apollo. As a result, Bally’s now operates 19 casinos across 11 U.S. states, along with other gaming assets. Furthermore, the stock mechanics saw a significant number of Bally's shares being retained by its investors.
Quick answer
Standard General is acquiring Bally's Intralot for $4.6 billion, announced February 7, 2025. Standard General is based in New York, New York, United States.
- How much did Standard General pay for Bally's Intralot?
- The reported deal value is $4.6 billion.
- What does Standard General do?
- Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital.
- Where are Standard General and Bally's Intralot based?
- Standard General is based in New York, New York, United States. Bally's Intralot is based in Peania, Attica, Greece.
Source: Fundz verified event record.
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Frequently asked
Who acquired Bally's Intralot?
Bally's Intralot was acquired by Standard General, based in New York. The deal was reported on February 7, 2025. Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital. Standard General is privately held and operates in Investment Management.
When did Standard General acquire Bally's Intralot?
Standard General's acquisition of Bally's Intralot was reported on February 7, 2025. Standard General, the largest shareholder of Bally’s, has successfully completed the $4.6 billion acquisition of the regional casino operator. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bally's Intralot do?
Bally's Intralot is a global gaming company that operates lottery, betting and online gaming businesses. It owns Gamesys and derives about 64% of its revenue from the UK. The company is pursuing a takeover of William Hill owner evoke. It is privately held, operating in Gaming, and is based in Peania.
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