Adjusted EBITDA for the finance sector is projected to reach between $80m and $84m. This indicates a substantial increase of up to $73.3m compared to the corresponding period in 2020.
As a result of the increase in funds, Bally’s made an announcement regarding its financial strategy. It has decided not to proceed with issuing shares or warrants to Gaming and Leisure Properties. This decision was taken in order to generate capital for the acquisition of Gamesys.
The company had agreed to issue up to $500 million worth of warrants or shares to the property business when it announced the deal.
| Amount | Securities |
|---|---|
| $500 million | Warrants or shares |
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