• Thu. Sep 16th, 2021

Bally’s Continues Acquisition Binge in Telescope Deal


Aug 13, 2021

Posted on: August 12, 2021, 06:32h. 
Final up to date on: August 12, 2021, 06:32h.

Todd Shriber Learn Extra

Bally’s (NYSE:BALY) is continuous its acquisitive methods, asserting earlier at present the acquisition of Telescope Inc.

Bally’s on the Atlantic Metropolis Boardwalk. The proprietor is shopping for Telescope to spice up its interactive enterprise. (Picture: Yogonet)

Monetary phrases of the deal weren’t disclosed. Privately held Telescope offers “fan engagement companies” for stay occasions, interactive livestreams and gamified second display screen leisure. Bally’s is seeking to leverage Telescope’s experience in interactive content material to engaging extremely wanted youthful demographics — teams conventional gaming corporations have struggled to attach with.

Telescope will join with Bally’s clients in modern methods, offering alternatives for Bally’s to draw a youthful demographic and increase its loyal buyer base,” in line with an announcement.

Rhode Island-based Bally’s, beforehand generally known as Twin River Worldwide, didn’t say when the acquisition will shut.
For Bally’s, Sensible Buy
Telescope may bolster Bally’s Interactive – a unit the gaming firm is prioritizing as on-line casinos and interactive gaming take off.
Earlier this 12 months, Bally’s provided $2.7 billion to buy British on-line gaming agency Gamesys within the suitor’s largest acquisition to this point. That offers fills some holes in Bally’s product roster and the Telescope acquisition may show complemenatry.

Moreover, Telescope may very well be additive to Bally’s Bally bet and Bally Sports activities. Whereas the corporate was sluggish to roll out cell sports activities wagering relative to rivals, it’s making clear that enterprise is vital because it’s made a sequence of investments, together with purchases on that entrance.

With in-game betting anticipated to be a vibrant new frontier for sportsbook operators, Bally’s may finally leverage Telescope’s interactive and second display screen capabilities as a part of its relationship with the Sinclair regional sports activities networks (RSNs) that bear the Bally’s title.
Different Potential Makes use of for Telescope
Bally’s newest acquisition may mesh nicely with another latest offers struck by the gaming operator.
For instance, free-to-play video games supplier SportCaller — acquired by Bally’s in February — and day by day fantasy sports activities (DFS) agency Monkey Knife Combat (MKF) may very well be operations the place Telescope could also be additive.
SportCaller makes predictive, quiz/trivia, pay-to-play, bespoke, and turn-key app video games. Shoppers embrace betMGM, Coral, Entain, FanDuel, Paddy Energy bettruthful, Kindred, William Hill and Virgin bet, amongst others, in line with the corporate’s web page.
Given its expertise capabilities, Telescope may very well be complementary with bet.Works. Bally’s acquired that sports activities betting platform supplier for $125 million in a deal that was universally lauded by Wall Road analysts.
At the moment, the corporate runs 14 casinos in 10 states. That quantity will develop to 16 in 11 states pending closure of the acquisition of Tropicana Las Vegas and building of a gaming venue in State Faculty, Pa.

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