Adjusted EBITDA is estimated to lie between $80m and $84m, another substantial increase of up to $73.3m compared to the same period of 2020.
Due to this increase in funds, Bally’s also announced that it will not go ahead with issuing shares or warrants to Gaming and Leisure Properties, in order to raise money for its Gamesys acquisition. It had agreed to issue up to $500m worth of warrants or shares to the property business when it announced the deal.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/glpi-fundraising-deal-not-necessary-for-ballys-as-q2-revenue-rockets/
