{"id":7429,"date":"2024-11-06T13:00:02","date_gmt":"2024-11-06T13:00:02","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=7429"},"modified":"2024-11-06T13:00:13","modified_gmt":"2024-11-06T13:00:13","slug":"ballys-corporation-divests-asian-interactive-business-to-management-led-group","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/11\/06\/ballys-corporation-divests-asian-interactive-business-to-management-led-group\/","title":{"rendered":"Bally\u2019s Corporation Divests Asian Interactive Business to Management-Led Group"},"content":{"rendered":"\n

The transaction, which includes a five-year intellectual property licensing deal, is aimed at streamlining operations and reallocating resources.<\/p>\n\n\n\n

Bally\u2019s Corporation has agreed to sell its Asian and selected international interactive business to a new entity established by current management. This move aligns with Bally\u2019s strategy to focus more closely on its North American and European markets.<\/p>\n\n\n\n

As part of the deal, specific intellectual property will be placed in trust under a five-year licensing agreement for the buyer. Bally\u2019s will also provide transition services to ensure a smooth handover. The financial impact on Bally\u2019s adjusted EBITDA and free cash flow is expected to be minimal, with any slight decrease offset by cost savings from an optimized structure.<\/p>\n\n\n\n

This divestment supports Bally\u2019s goal of aligning ownership and management, allowing the new entity to focus on local operations while enabling Bally\u2019s to better allocate capital and resources in its primary markets.<\/p>\n\n\n\n

In July 2024, Bally\u2019s secured $2.07 billion in funding for its Chicago Casino and Hotel Tower project and finalized a $4.6 billion merger with Standard General, bringing The Queen Casino & Entertainment properties under its umbrella.<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction, which includes a five-year intellectual property licensing deal, is aimed at streamlining operations and reallocating resources. Bally\u2019s Corporation has agreed to sell its Asian and selected international interactive business to a new entity established by current management. This move aligns with Bally\u2019s strategy to focus more closely on its North American and European […]<\/p>\n","protected":false},"author":7,"featured_media":7430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,564],"tags":[10350,10351,9125,10352],"class_list":["post-7429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","category-slider","tag-ballys-corporation","tag-chicago-casino-and-hotel-tower","tag-standard-general","tag-the-queen-casino-entertainment"],"yoast_head":"\nBally\u2019s Corporation Divests Asian Interactive Business to Management-Led Group - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/11\/06\/ballys-corporation-divests-asian-interactive-business-to-management-led-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally\u2019s Corporation Divests Asian Interactive Business to Management-Led Group - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"The transaction, which includes a five-year intellectual property licensing deal, is aimed at streamlining operations and reallocating resources. 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