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Bally’s completes purchase of MontBleu Casino from Caesars


Bally’s Corporation has completed its previously announced acquisition of the MontBleu Resort Casino & Spa in Nevada from Caesars Entertainment.

Located in Stateline, Nevada, the MontBleu facility features a land-based casino with 418 slot machines and 17 gaming tables, as well as a 438-room hotel and 14,000sq ft of convention, meeting and exhibition space.

The acquisition was agreed in April 2020, when Twin River Worldwide brokered a deal to purchase the casino from Eldorado Resorts.

Twin River Worldwide acquired the Bally’s brand from Caesars in October 2020, in a deal that saw it rename its business as Bally’s Corporation.

Eldorado acquired and merged with Caesars Entertainment Corporation in July last year, in a deal that created the largest casino and entertainment business in the US.

“MontBleu is a premier entertainment asset that is commensurate with the iconic Bally’s brand, and advances our ongoing portfolio diversification strategy,” Bally’s president and chief exexutive George Papanier said.

“With the close of this transaction, we look forward to integrating the property into the Bally’s family, and utilizing it as an attractive destination for our loyal Bally’s customers to drive visitation to Lake Tahoe.”

Completion of the MontBleu purchase marks the latest phase in Bally’s ongoing M&A strategy, with the operator last month having also agreed to acquire the Gamesys Group business for £2.0bn.

Also last month, Bally’s finalised its purchase of US daily fantasy sports operator Monkey Knife Fight, while the operator is currently in a bidding war for Allied Esports Entertainment’s poker assets, including the World Poker Tour, with Element Partners.