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Bally Corporation Completes acquisition of Bally’s Atlantic City

Bally’s Corporation today announced the completion of the previously announced acquisition of Bally’ss Atlantic City Hotels & Casino from Caesars Entertainment Inc. and V.C. Properties Inc. The acquisition’s total purchase price is $25 million, subject to custom adjustments and financed with cash on hand.

“We strongly believe in the potential of the Atlantic City market and are confident that we can regain Bali’s former glory,” said George Papanier, Bali’s president and CEO. “We are pleased to conclude the most recent addition to our ongoing portfolio diversification strategy, and look forward to implementing our capital improvement plan to fully revamp our properties with top-notch amenities and services. We have a proven track record of implementing strategic initiatives on our acquired properties to drive growth and revenue improvements, and we plan to take our iconic properties to levels not seen in years.”

As part of the deal, Vallis will also receive three sports bets and five iGaming skins in New Jersey. As previously announced, the company has entered into strategic partnerships with Esports Entertainment Group and SportsTrade Inc. for its sports betting skins, all of which offer unique benefits in the state-of-the-art New Jersey sports betting and iGaming market and allow the company to reserve the skins for its own use. In addition, the company has signed an agreement with FanDuel to host a sportsbook within its upcoming debut Vallis Atlantic City. The company expects these partnerships to contribute to revenue.

Located in Atlantic City, New Jersey, Bali Atlantic City is located prominently in the center of the Atlantic City Boardwalk. The iconic building includes 1,500 slots, 105 tables, and 1,251 hotel rooms. 슬롯사이트 순위

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