Scientific Games Corporation is expected to complete the acquisition of US gaming supplier Bally Technologies later today after receiving regulatory approval Thursday from the Nevada Gaming Commission (NGC).
The NGC’s approval was the final regulatory approval required to complete the acquisition, which was first announced in August earlier this year.
The company now expects to complete the Bally deal later today (November 21st), subject to the satisfaction of the remaining customary closing conditions.
“We are pleased to have received unanimous approval from the Nevada Gaming Commission, and we thank the Commission, the Nevada Gaming Control Board and its staff for their diligence in reviewing the transaction,” said Scientific Games’ president and CEO Gavin Isaacs.
Earlier this week, Bally’s stockholders approved the agreement at a special stockholders’ meeting held Tuesday.
More than 99.61 per cent of the votes represented and cast at the meeting, or approximately 76.97 per cent of the total outstanding common stock, voted in favour of the agreement.
Shares in Scientific Games Corporation (Co. Data) (NASDAQ:SGMS) closed up 6.24 per cent at $13.28 per share in New York Thursday following the announcement.