Bally’s completes $4.6bn Standard General merger

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Bally’s completes $4.6bn Standard General merger

Bally’s Corporation has announced the completion of its multi-billion-dollar merger with its largest shareholder, Standard General.   The $4.6bn deal was first announced in July 2024, at a time when Standard General owned 23% of the operator, before being approved by Bally’s shareholders in November. Per the agreement, Standard General acquired 22.8 million outstanding Bally’s shares at a price of $18.25 per share.   Bally’s also merged with reg…