Bally’s delves into DFS with $90m Monkey Knife Fight purchase

Casino giant eyes US and Canadian expansion with all-share deal for proprietary fantasy platform and player database

Bally’s is set to acquire US-facing daily fantasy sports (DFS) operator Monkey Knife Fight (MKF) in an all-share deal worth up to $90m. The casino giant will become the third US sports betting firm to own an in-house DFS segment, joining market leaders FanDuel and DraftKings. MKF will receive warrants to purchase up to approximately…

Bally's Corporation | Canada | Daily fantasy sports | George Papanier | M&A | Monkey Knife Fight | US | US sports betting