GAMING

Bally Agrees to Bid From Alliance: After fighting a hostile bid for months, Bally Gaming International Inc. succumbed to a $215-million takeover offer from Alliance Gaming Corp. and called off a merger with a rival game equipment maker, the companies said. In a dramatic turnaround, Bally, the nation’s largest maker of casino gambling devices, agreed to the deal a day after Alliance said more than 5.8 million Bally shares had been tendered under its $13-a-share offer. Bally said it called off the $142-million merger with WMS Industries Inc., a Chicago-based maker of arcade games, because Bally could not complete the sale of its German operations “on a timely basis due to newly imposed conditions.” The sale was a condition of the agreement with WMS, maker of the popular Mortal Kombat arcade video game.