Bally’s Corporation’s $2.5 Billion Proposed Acquisition of Gamesys Ltd.

Jones Day advised Bally’s Corporation on the deal. Clifford Chance advised Gamesys Group plc. Debevoise & Plimpton LLP advised Deutsche Bank Securities as financial advisor to Bally’s Corporation.

Bally’s Corp. has reached an agreement in principle to buy U.K. online gaming and gambling platform Gamesys Group Plc in a deal valued at 2.02 billion pounds ($2.7 billion) in the latest move by a U.S. casino operator to expand into digital betting.

Bally’s Corporation operates as a holding company. The Company, through its subsidiaries, owns and manages hotels that offers amenities such as casinos, retail outlets, sports bars, pubs, dining, food court, and accommodation. Bally’s serves customers in the United States.

Gamesys Ltd. operates as an online gaming company. The Company provides software development and technical support services, as well as instant win, bingo, casino games, social networking, and marketing services. Gamesys conducts business operation worldwide.

The Jones Day team was led by Robert Profusek (Picture).

The Clifford Chance team advising Gamesys is led by Corporate partners Katherine Moir and Steven Fox, supported by lead senior associate Olivia Higgs. The team includes Simon Thomas (ECM), Andrew Patterson (Incentives), Jenine Hulsmann (Antitrust), Nick Mace (Tax) and Kathleen Werner (US Securities).

Debevoise & Plimpton LLP advised Deutsche Bank Securities as financial advisor to Bally’s Corporation with a team led by led by M&A partner Andrew Bab and included associate Thomas Lopez.

Involved fees earner: Steven Fox – Clifford Chance; Olivia Higgs – Clifford Chance; Jenine Hulsmann – Clifford Chance; Nick Mace – Clifford Chance; Katherine Moir – Clifford Chance; Andrew Patterson – Clifford Chance; Simon Thomas – Clifford Chance; Kathleen Werner – Clifford Chance; Andrew Bab – Debevoise & Plimpton; Thomas Lopez – Debevoise & Plimpton; Leon Ferera – Jones Day; Robert Profusek – Jones Day;

Law Firms: Clifford Chance; Debevoise & Plimpton; Jones Day;

Clients: Bally’s Corporation; Deutsche Bank Securities; Gamesys;

Author: Martina Bellini