Bally’s dives into proprietary sports betting with $125m Bet.Works deal

US casino giant inks acquisition and seals decade-long media partnership with Sinclair Broadcast Group

US land-based casino operator Bally’s has agreed a $125m (£94.5m) cash-plus-shares deal to acquire sports betting platform provider Bet.Works. Under the terms of the acquisition, half of the Bet.Works purchase price will be paid in Bally’s common stock, which Bet.Works shareholders have agreed to hold for at least a year. The acquisition is expected to…

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