{"id":1235,"date":"2024-11-04T15:27:40","date_gmt":"2024-11-04T16:27:40","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1235"},"modified":"2024-11-07T15:08:02","modified_gmt":"2024-11-07T15:08:02","slug":"ballys-interactive-arm-getting-out-of-asia-other-international-markets","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/11\/04\/ballys-interactive-arm-getting-out-of-asia-other-international-markets\/","title":{"rendered":"Bally\u2019s Interactive Arm Getting Out of Asia, Other International Markets"},"content":{"rendered":"
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A strategic move spinning out from Bally\u2019s merger with Standard General after a $4.6bn July buyout<\/a> has seen the Rhode Island gaming giant announce that it is pulling its interactive business out of Asia and \u201ccertain other international markets.\u201d<\/p>\n

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boost its capital and resources in core North American and European markets<\/p>\n<\/blockquote>\n

Bally\u2019s published its divestment via an SEC filing on October 31. According to the filing<\/a>, Bally\u2019s Asia-international arm will be acquired by a new company created by Bally\u2019s management. The move builds on Bally\u2019s strategic ownership and management pivot to boost its capital and resources in core North American and European markets.\u00a0<\/p>\n

In September, Gaming and Leisure Properties Inc announced it had completed the $250m purchase of the land earmarked for the site of\u00a0Bally\u2019s Chicago casino<\/a>. The land purchase was part of an agreement with GLPI that allayed fears that the Rhode Island firm\u2019s financial woes would lead to it failing to deliver on its tender win<\/a> to deliver Chicago\u2019s $1.7bn casino.<\/div>\n

According to Bally\u2019s, the deal will require the firm to place some of its intellectual property into trust, with \u201ca five-year licensing deal for the buyer.\u201d\u00a0\u00a0<\/p>\n

Bally\u2019s, however, expects only minimal returns on its adjusted EBITDA and free cash flow from the divestment. <\/p>\n

The post Bally\u2019s Interactive Arm Getting Out of Asia, Other International Markets<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A strategic move spinning out from Bally\u2019s merger with Standard General after a $4.6bn July buyout has seen the Rhode Island gaming giant announce that it is pulling its interactive business out of Asia and \u201ccertain other international markets.\u201d boost its capital and resources in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1235"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1235"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1235\/revisions"}],"predecessor-version":[{"id":1236,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1235\/revisions\/1236"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}