SHFL Entertainment acquired by Bally Tech
Bally Technologies, Inc. (Bally) bought SHFL Entertainment for $1.3 Billion and will acquire all SHFL share for the price of $23.25 in cash, including the debt of $8 million.
Bally Technologies, Inc. produces casino games for online and land based casinos and have been present in interesting deals to offer its casino games to online casinos in Europe.
Bally informed that this merger will help the company to increase its presence in key-markets including Asia.
"United, we become a larger, stronger organization that we believe will best position the company for future growth. Equally important, we share a common vision to build the industry's leading supplier based on delivering superior products, solutions and services to customers around the world.", said Gavin Isaacs, SHFL.
"The transformational acquisition of SHFL – which joins two high-caliber, talented and creative teams - will further enhance our ability to deliver future growth and serve our customers," said Ramesh Srinivasan.
"SHFL's intellectual property, renowned brands and industry-leading suite of diverse, high-performance products will enable us to offer an unparalleled offering of gaming products and services, which – when combined with our content, technology, operational capabilities and respective geographic footprints – will provide the most comprehensive product portfolio offered around the world."
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