JKPTF - Bally's deal for Gamesys said to make the stock compelling

Union Gaming is very positive on the impact for Bally's (BALY) for its deal to snap up Gamesys (JKPTF). Analyst John DeCree: "While the financial merits of the deal are compelling, the strategic logic behind the merger could make this deal BALY’s most exciting endeavor yet. There are two key reasons why GYS trades at a discount to its peers. The first is because it lacks meaningful US exposure (though it is licensed in NJ), and the second is it does not have a sports betting platform. These are two gaps BALY fills perfectly with its US market access in 12 states (and growing) and its Bet.Works/Sinclair sports betting platform. BALY is one of the last major US casino companies with significant market access, making it an ideal partner for GYS looking to scale in the nascent US digital gaming industry."In a nutshell, Gamesys is said to bring iGaming, technology,

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Bally's deal for Gamesys said to make the stock compelling