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Bally’s acquisition of SHFL approved

Online casino games and solutions company Bally Technologies has had its $1.3 billion (€963.6 million) acquisition of global gaming supplier SHFL Entertainment jointly approved by the Nevada Gaming Control Board and Nevada Gaming Commission.

Commission executive Adriana Fralick confirmed that the two organisations had opted to approve the transaction at a joint meeting this week.

The announcement comes after SHFL shareholders also approved the deal on Tuesday.

The Las Vegas-based companies signed a definitive agreement for the acquisition in July of this year.

Under the agreement, Bally promised to pay $23.25 per share and acquire $8 million in SHFL debt and $41 million in cash.

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