Bally’s has entered into an agreement to sell its interactive business in Asia and certain other markets to that business’ management team.
Ownership of certain intellectual property has been placed in trust and will be licensed to the buyer for a five-year term. Bally’s will also provide the management team with certain transition services.
Bally’s will have no role in the management, operations, or governance of the new interactive business.
The company said that the transaction is “intended to allow Bally’s to focus its capital and resource allocation on North American and European business,” and that this new interactive business will “benefit from focused management attention and aligned ownership.”
