Scientific Games’ potential acquisition of Bally Technologies could be at a standstill after reports on Monday that JPMorgan Chase & Co. has postponed the syndication of $3.19 billion in loans to finance the purchase.
Scientific Games shares dropped after failure to generate enough investor interest by the October 3 deadline.
The banks have announced a fall-back position revealing the successful marketing of separate loans to supplement the acquisition.
Scientific Games announced its agreement to acquire outstanding Bally common stock in August.