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Bally’s Corp completes AC acquisition- agrees $125m Bet.Works deal and Sinclair partnership
After completing the previously announced acquisition of Bally’s Atlantic City Hotel & Casino from Caesars Entertainment, Inc. (NASDAQ: CZR) and Vici Properties, Inc. (NYSE: VICI), Bally’s Corporation, formerly Twin River Worldwide Holdings, has additionally agreed a deal to acquire Las Vegas-based sports betting technology company Bet.Works for $125 million, while also securing a long-term strategic partnership with Sinclair Broadcast Group.
Upon completion of the Bet.Works deal, the business will be restructured into two individual operating divisions, w…