Twin rivers casino merger11/16/2023 ![]() ![]() ![]() Competition is great for the customers! R. Bally’s Atlantic City will soon have a new owner. Although Atlantic City does not need another casino there is nothing wrong with the addition of a new casino brand, within one of the existing structures. Bally’s Atlantic City has been sold to Twin River Worldwide Holdings for the discount rate of just 25 million, as Caesars Entertainment and Eldorado Resorts continue to reduce their portfolio ahead of their merger. ![]() The Bally property although dated and needing some infrastructure upgrades is located in a great location on the boardwalk and showcases a very large footprint. It also contains all the accommodations of an integrated resort such as: bar, restaurants, retail and spa amenities as well as a parking garage on site. Eldorado agreed to sell the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada to the based in Rhode Island company Twin River Holdings, for 155 million, subject to a working capital adjustment. of casino space, 1,251-hotel rooms and 63,600 sq. With the pending merger of Eldorado (Owns Tropicana in AC) and Caesars, (Owns, Harrah’s, Wild West, Caesars and Bally,) Caesars was overloaded.īally’s opened in 1979, under the ownership of then Bally Manufacturing. Great price for Twin Rivers while subtracting by one, the multiple property ownership in AC for Caesars. The recent deal between Twin Rivers and Caesars with the intended purchase of Bally’s Hotel & Casino was a “win-win,” for both parties. ![]()
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