Analysts assess Bally’s proposed Standard General acquisition and casino results
Analysts discussed Bally’s proposed acquisition by Standard General, which would value Bally’s at $18.25 a share and an enterprise value of $4.6 billion, according to the report. The deal had not closed and could take up to a year; Bally’s shareholders could convert their equity into the combined company. The roundup also covered analyst views on Churchill Downs and Gaming and Leisure Properties results.
The proposed transaction’s price, timing and shareholder options affect Bally’s investors and the parties assessing the deal.