The stockholders of Bally’s Corporation have approved the merger agreement with The Queen Casino & Entertainment.
Queen is a portfolio company majority-owned by Bally’s largest stockholder, Standard General.
At the company’s Special Meet of Stockholders, held yesterday, the stockholders also approved the compensation that may become payable by Bally’s to its named executive officers in connection with the merger agreement.
“Stockholders who validly elected to have their company shares remain issued and outstanding following the company merger as of 5:00pm ET today (November 19, 2024), will be assigned a new CUSIP number and their shares will continue to be traded on the New York Stock Exchange under the new ticker symbol “BALY.T”, prior to the effective time of the company merger,” the company declared.
