It has been common knowledge for a while that Scientific Games has been looking to take over Bally Technologies in some form of deal, and after months of speculation that deal has finally been completed. Following reports of a lack of funding for the takeover and various other stumbling blocks, all parties have reached an agreement that will see Bally operating under the Scientific Games brand from now on.
The delay in the takeover was due to their being so many different parties to satisfy. Not only did SG have to receive regulatory approval from the regulatory body of Nevada, but did of course have to satisfy Bally shareholders that the deal was worthwhile. With $5.1 billion on the table, the latter was never likely to be an issue and both companies will be moving forward, although SG already has a few changes in mind regarding the infrastructure of Bally’s management team.
According to reports within the industry, Derik Mooberry will be appointed as Group Chief Executive for Gaming, while Jordan Levin will take on the role of President of the company’s Interactive Division. James Kennedy looks set to be appointed as the Group Chief Executive for Lottery, with all three roles expected to shape the future direction of all brands involved.
Speaking after the completion of the takeover, Gavin Isaacs, President and CEO of Scientific Games, commented: “Completing the Bally transaction brings together two exceptional organisations with a common culture of innovation and customer focus. We are excited by the opportunities that will be created by combining each organisation’s core strengths in developing engaging gaming entertainment products, advanced technologies and systems, and providing value added services to help our customers to grow their revenues.”
As you’ll no doubt be aware, Bally has already been making massive strides in bringing some of their leading land based content to online players, with new releases appearing regularly. We’ve got the full selection of games right here at Mr Gamez, with classics like Quick Hit Platinum and Hot Shot being joined by the company’s latest video slot titles like Wild Huskies.
Also of interest for players is that Bally is now owned by the same company as WMS following a similar deal. That developer has been increasingly aggressive in terms of developing online content since becoming a part of Scientific Games so there is every reason to be optimistic about even more great games making their way to online screens even faster than before.
Be sure to check out all of our great Bally slots and WMS slots right here on the site, where every game required no download and no deposit. If you find one you particularly enjoy, then you’ll also be able to find the very best places to play for real cash on the respective game pages. Be sure to keep an eye on our blog as we’ll be adding all of the inevitable new releases as soon as they become available!