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A takeover bid by Bally's chairman Soo Kim comes as the company races to line up $800 million in financing it needs to break ground on its permanent casino this summer.
Standard General, which already owns 23% of Bally's Corporation, has made an offer to buy the rest of the company's shares.
New York-based hedge fund Standard General has offered to acquire the remainder of NYSE-listed Bally's for $15 per share.
Reddit Seeks Up to $6.4 Billion Valuation as It Readies IPO The social-media company said it is seeking to raise up to $748 million in its initial public offering, aiming for a valuation of up...
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