New York-based hedge fund Standard General has increased its offer to take over full ownership of Bally’s Corporation, with plans to combine the company with regional US casino operator Queen Casino & Entertainment.
Standard General is Bally’s largest shareholder and previously offered $15.00 per share to acquire the remaining shares it does not already own.
Its offer has now been raised to $18.25 per share (Cash Consideration), representing a 71 per cent premium over the company’s 30-day [...]
