Bally Bet to Suspend Operations Ahead of Kambi Merger
Bally Bet will stop accepting deposits and wagers on Thursday as the company transitions to the Kambi odds platform, Bally announced in a statement.
Bettors have until June 30 to withdraw funds from their accounts. Those who fail to withdraw money by the deadline will have a check mailed to the address listed with the account.
The suspension of the app is the first step of the process after the Rhode Island-based company announced a merger with Kambi in May. The app is expected to relaunch under the Kambi odds platform, but with the Bally name still intact.
“We are very excited to have entered into long-term agreements with both Kambi and White Hat — two of the world’s most established and trusted gaming technology companies. Kambi provides an award-winning sportsbook that delivers unrivaled sports betting entertainment,” Bally’s CEO Robeson Reeves said in a statement after the merger was announced.
Kambi is the online sports betting platform that provides odds and a betting platform for multiple U.S.-based sportsbooks, including DraftKings, Penn National Gaming (Barstool) and Rush Street Interactive (BetRivers).
Bally's is currently in operation in Arizona, New York, Indiana and Iowa. On its FAQ page, Bally’s notes that users in Arizona are unaffected by this planned migration.
At the time of the merger, Bally's expected the relaunch to finish by the end of 2023.
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