Scientific Games to Purchase Bally Technologies in $5.1 Billion Deal

The announcement was released on Friday regarding a deal for Scientific Games Corporation to purchase Bally Technologies, Inc. for $5.1 billion.

This news is the second big sale in under a month’s time with the purchase of International Game Technology (IGT) by Italian lottery company GTECH Holdings in July for $6.4 billion.

The deal also supports Scientific Games’ plans to focus on the slots aspect of the business. In 2013 Scientific Games purchased WMS Industries for $1.5 billion.

“In our view, this deal could mark the culmination of substantially all the mega-deals in the space,” Credit Suisse gaming analyst Joel Simkins said. “While there are still a handful of relevant domestic-international players, they may have to start thinking about future options.”
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    SassyGirlMe

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    I've never heard of Scientific Games and it mentioned that itself acquired another gaming company for 1.5 billion. WOW. So this tells me that this is no small company, For Bally's to be acquiring this company its actually acquiring 2 companies. This is a big deal and sound like Bally's is hitting the market full force. Bally''s looks as if they have a major plan to hit this market and anyone in there way just might be trampled. This merger is big bucks and with that said it looks like Bally's and anyone hosting anything from Bally's is going to have to pay or shall I say make up for the money being spent to purchase the company. So if your decided where or with whom to game with I would think twice before gaming with Bally's. The money has to come from somewhere make sure it's not your wallet!
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    yellonek

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    cant believe this one lots of money really it's not that easy on this market lol but big money there :D
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    Makerik

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    Where do they ripp off all that money during this economical downstream.
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    kruno1414

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    Unbelievable , there is just too much money in this game and its still getting bigger and bigger .
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    PaaskeUK

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    This is absolute crazy news. 5.1 Billions dollars???? Yes no doubt that there is LOADS of money in the gambling industry maybe a wise idea to invest in a software provider :P :D
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    drtheolen

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    This Scientific Games company is systematically purchasing big gaming manufacturers already established in both land based and online markets. First they bought Barcrest, than not long ago they acquired WMS through a billion and a half deal, and now they do the same with Bally Interactive.
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    wscalley

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    Agreed Ethereal, the numbers are truly astounding, particularly as I've never heard of Scientific, the company making the purchase, whereas Bally is something of a major name especially in the USA. I hope that Scientific decide to do some work licensing their games further afield, Bally games can be really great but there still quite hard to find online!
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    ethereal

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    I know there is a lot of money to be made in the gambling industry (BY the house!! ) but those figures still astound me!

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