Scientific Games revealed this week that they have purchased Bally Technologies for a massive $5.1 Billion while also refinancing all of Bally’s previous existing debts. This is the largest buy out to ever occur in online, land or mobile gambling history. Bally Technologies just doesn’t develop online slots but they also develop land based slot machines, an industry that Scientific Games has never entered.
Scientific Games has to finance themselves out to a bank in order to receive the money needed to purchase Bally Technologies. It should be noted that this deal will more than prove profitable for Scientific Games as Bally Technologies is one of the largest providers of land based slot machines. Their only real competition is International Game Technologies who got nothing compared to Bally Technology.
When asked to comment on the acquisition of Bally Technologies the CEO of Scientific Games Gavin Isaac’s said the following, “The acquisition of Bally provides us with a unique opportunity to combine two exceptional companies with long track records of creating leading-edge games and gaming technology products for players and delivering innovative solutions to our customers.”
“With leading gaming, lottery, and interactive content, world-class systems capabilities and table game offerings, we believe that the combined company will be uniquely positioned as a strategic partner for gaming and lottery operators, offering a highly diversified suite of value-enhancing products and services across multiple worldwide distribution channels and platforms”
We will update you on any new video slots or slot machines released by Bally Technologies in the future. You can expect a scientific games twist with Bally’s new slots.