Bally Bet becomes last of nine online sportsbooks to go live in New York

Bally Bet becomes last of nine online sportsbooks to go live in New York

Article brief provided by Sports Handle
  • Matt Rybaltowski, Sports Handle
July 7, 2022 11:25 PM
  • Matt Rybaltowski, Sports Handle

Six months after New York went live with online sports betting, Bally Bet made its long-awaited Empire State debut on Thursday ahead of a key four-game weekend series between the New York Yankees and Boston Red Sox.

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With Thursday’s launch, Bally’s is the last of nine mobile sports betting licensees to go live in New York. Bally’s delayed the launch multiple times amid uncertainty with the company’s corporate governance structure.

In January, Bally’s Chairman Soo Kim offered to purchase the remaining shares of Bally’s in an acquisition attempt that valued the company at approximately $2 billion. Kim – managing partner of Standard General LP, the largest shareholder of Bally’s – offered to acquire all of the outstanding shares of common stock of Bally’s that it did not already own for $38 a share.