Bally's enters betting fray with $125m Bet.Works acquisition and Sinclair media deal

Decade-long Sinclair partnership will see 21 regional sports networks from Fox rebranded under Bally's name

Casino operator Bally’s has entered the US sports betting fray with a $125m cash-plus-shares deal to acquire Bet.Works, alongside a decade-long media partnership with Sinclair Broadcast Group. 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…

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