Bally Technologies Acquires Shuffle MasterBally Pays $1.3 Billion for Gaming Company |
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SHFL was established in Las Vegas in 1983 and then made public in 1992. In the most recent quarter, the company obtained nearly 45 percent of its revenue from Australia and Asia.
Bally has received financing from Wells Fargo, Chase, Bank of America Merrill Lynch, Union Bank, JPMorgan and Goldman to follow through with the acquisition.
Gavin Issacs, SHFL’s chief executive, was confident in the business move.
“Like SHFL, Bally focuses on creating both entertaining player experiences through high-performing content and state-of-the-art technological solutions to increase productivity on the casino floor,” he said. “United, we become a larger, stronger organization that we believe will best position the company for future growth.”
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