{"id":273,"date":"2024-06-17T09:21:17","date_gmt":"2024-06-17T06:21:17","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/"},"modified":"2024-06-17T12:49:01","modified_gmt":"2024-06-17T09:49:01","slug":"standard-general-offers-38-per-share-to-acquire-ballys-corporation","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/","title":{"rendered":"Standard General Offers $38 Per Share to Acquire Ballys Corporation"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5FbSxMq9B8w\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ballys Incorporated has gotten an unrequested acquisition proposal from Standard General, a hedge fund based in New York, priced at $38 for each share. This proposition esteems the casino enterprise at more than $2 billion.<\/p>\n<p>Although a transaction is not assured, Bally&#8217;s has assembled a specialized group of autonomous board members to examine the proposition and investigate alternative prospective strategic avenues.<\/p>\n<p>Standard General is already Bally&#8217;s biggest stakeholder, possessing over 20% of the company. Notably, Soo Kim, Bally&#8217;s present Chairman, also holds the positions of managing partner and chief investment officer at Standard General.<\/p>\n<p>Kim conveyed assurance in their capability to finalize the agreement swiftly, referencing their extensive past with Bally&#8217;s and profound comprehension of the industry. He mentioned that the purchase would be funded through a sale-and-leaseback arrangement and other financing agreements with extended terms. <\/p>\n<p>Standard General emphasized today that an agreement is contingent upon approval from their Special Committee. <\/p>\n<p>Kim aimed to alleviate concerns, conveying a message along the lines of, &#8220;Even if this endeavor falters \u2013 if the Committee declines or the investors reject it \u2013 our partnership with the company remains unaffected. We are committed for the long term.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ballys Incorporated has gotten an unrequested acquisition proposal from Standard General, a hedge fund based in New York, priced at $38 for each share. This proposition esteems the casino enterprise at more than $2 billion. Although a transaction is not assured, Bally&#8217;s has assembled a specialized group of autonomous board members to examine the proposition [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally<\/title>\n<meta name=\"description\" content=\"Standard General offers $38 a share for Bally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard General Offers $38 Per Share to Acquire Ballys Corporation\" \/>\n<meta property=\"og:description\" content=\"Standard General offers $38 a share for Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-17T06:21:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:49:01+00:00\" \/>\n<meta name=\"author\" content=\"William &quot;Whisper&quot; Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William &quot;Whisper&quot; Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-17T06:21:17+00:00\",\"dateModified\":\"2024-06-17T09:49:01+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169\"},\"description\":\"Standard General offers $38 a share for Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/17\/standard-general-offers-38-per-share-to-acquire-ballys-corporation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Standard General Offers $38 Per Share to Acquire Ballys Corporation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. 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