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Is Scientific Games Takeover of Bally Technologies in Trouble?


In August, it was announced that Scientific Games was planning on acquiring Bally Technologies for $5.1 Billion.  They were planning on raising the money through bridge loans that would be sold by Deutsche Bank AG, Bank of America Corp and JPMorgan.  The banks were given until Friday the 3rd of October, to raise the loans; however, they failed to raise $3.19 Billion from investors.

This led to Scientific Games share price falling by 7% and the industry questioning if the deal would still go ahead.  It is still early days, and it is important to remember that they have raised over $2 Billion in loans so far.


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by Kelly Kelly


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