Announced
Completed
Financials
Tags
Majority
gaming
Friendly
hotels
Acquisition
Domestic
Single Bidder
Private
United States
Lodging
Casinos and Gambling
Completed
Synopsis
Bally's-backed Twin River Worldwide, an owner and manager of nine casinos, completed the acquisition of Jumer's Casino & Hotel, an owner and operator of hotels and casinos, from Delaware North, a gambling and racing operations company, for $120m. "As the latest step in our ongoing portfolio diversification strategy, we are excited to complete our acquisition of Jumer's and enter the rapidly growing Illinois gaming market. The closing provides Bally's with the potential to capitalize on several lucrative sports betting opportunities, which we expect will drive revenue and cash flow growth," George Papanier, Bally's President and CEO.
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