JKPTF - Bally's strikes deal in principle for Gamesys

Bally's ([[BALY]] +8.5%) agrees in principal to an acquisition of online gaming operator Gamesys (JKPTF). Gamesys shareholders would be entitled to receive 1,850 pence in cash for each Gamesys share or take other options. Deal rationale: "Gamesys would benefit from Bally’s fast-growing land-based and online platform in the United States, providing market access through Bally’s operations in key states as the nascent iGaming and sports betting opportunity develops in the US. Bally’s would benefit from Gamesys’ proven technology platform, expertise and highly respected and experienced management team across the online gaming field. The combined group would be well positioned to capitalise on the full range of opportunities present both in the US and beyond." Shares of Gamesys Group are up 18.19% in London trading. Read the SEC Form 8-K for more details.

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Bally's strikes deal in principle for Gamesys