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Scientific Games To Buy Bally For $5.1 Billion

Companies Merge Following IGT-GTECH Merger Last Month

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Lottery firms are getting massive.

On Friday, Scientific Games Corporation, known for as a manufacturer of lottery equipment and technology, agreed to purchase Bally Technologies for $5.1 billion.

The merger includes refinancing $1.8 billion of existing Bally net debt.

Scientific Games is based out of New York and Bally is based out of Las Vegas.

A little more than a year ago, Bally acquired Shuffle Master in a $1.3 billion sale.

“The acquisition of Bally provides us with a unique opportunity to combine two exceptional companies with long track records of creating leading-edge games and gaming technology products for players and delivering innovative solutions to our customers,” Gavin Isaacs, Scientific Games’ President and Chief Executive Officer, said in a statement.

“With leading gaming, lottery, and interactive content, world-class systems capabilities and table game offerings, we believe that the combined company will be uniquely positioned as a strategic partner for gaming and lottery operators, offering a highly diversified suite of value-enhancing products and services across multiple worldwide distribution channels and platforms.”

In mid-July, lottery company GTECH, based out of Italy, agreed to acquire International Game Technology, which is a slot machine company like Bally, for $6.4 billion.

Another big merger this summer was the sale of PokerStars to Amaya Gaming Group.