The company’s shares are traded on the NYSE

Davis Polk advised the dealer managers in connection with a modified “Dutch Auction” cash tender offer by Bally’s Corporation (BALY) to purchase for cash up to $190 million of its common stock at a price per share not less than $19.25 and not greater than $22.00, less any applicable withholding taxes and without interest, using available cash on hand and existing financial resources. Bally’s Corporation accepted for payment an aggregate of 4,697,619 shares at a purchase price of $22.00 per share.

Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence of Online Sports Betting (OSB) and iGaming offerings. It currently owns and manages 14 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 18 states. It also owns Gamesys Group, a leading, global, online gaming operator, Bally Interactive, a first-in-class sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, SportCaller, a leading, global B2B free-to-play game provider, and Telescope Inc., a leading provider of real-time fan engagement solutions.

The Davis Polk capital markets team included partner Marcel Fausten and associates Dana Sorbi and Lincoln Jim. The tax team included counsel Tracy L. Matlock and associate Eitan Ulmer. All members of the Davis Polk team are based in the New York office.