![]() “We are pleased to close on this transaction, which represents the latest addition in our ongoing portfolio diversification strategy, and look forward to implementing our capital improvement plans to completely renovate the property with first-in-class amenities and offerings. “We strongly believe in the potential of the Atlantic City market and are confident that we can restore Bally's to its former glory,” George Papanier, president and chief executive officer of Bally's Corp., said in the news release after Wednesday trading closed. for sports betting skins, and PointsBet and theScore for iGaming skins. Bally’s had previously entered into strategic partnerships with Esports Entertainment Group and Sporttrade Inc. 6 approved Twin River - now Bally’s - to operate Bally’s Atlantic City.Īs part of the transaction, Bally's also receives three sports betting and five iGaming skins in New Jersey, according to a news release. Gambling regulators in New Jersey on Nov. The total purchase price was $25 million, subject to customary adjustments, and was funded with cash on hand, according to a news release. has completed the previously announced acquisition of Bally's Atlantic City Hotel & Casino from Caesars Entertainment Inc.
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