The acquisition of Bally provides us with a unique opportunity to combine two exceptional companies with long track records of creating leading-edge games and gaming technology products for players and delivering innovative solutions to our customers.Gavin Isaacs, Scientific Games' president and CEO.
Gavin Isaacs took over as the new CEO of Scientific Games in June 2014, having previously worked as the CEO of SHFL Entertainment, which was owned by Bally Technologies.
It seems that Gavin Isaacs has had big plans for the company as it has since been announced that Scientific Games has entered into a merger agreement with Bally Technologies. The deal has already been approved by both companies’ boards of directors and will result in around $5.1 Billion ($83.80 per share) being paid for Bally Technologies.
The deal will not be completely finalised until the beginning of 2015; however, both companies are excited about the prospect, believing that together they can create some world class games.