US casino owner Bally’s has agreed a takeover deal for Jackpotjoy owner Gamesys in a move which could value the UK firm at more than £2 billion.
Shares in online gambling firm Gamesys soared after Bally’s told US investors it had agreed on key terms regarding a potential deal.
Bally’s Corporation, which operates casinos and racetracks in the US, said Gamesys shareholders would receive 1,850 pence per share.
It also proposed a share alternative plan for investors which would see them receive 0.343 new Bally’s shares for their Gamesys stock, valuing Gamesys shares at 1,655p.
