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New Deal


Announced

Completed

Twin River completed the acquisition of Bally's Brand from Caesars Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gaming

Completed

Friendly

Domestic

Acquisition

United States

Casinos and Gambling

Single Bidder

Private

Majority

Synopsis

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Twin River, a gaming company, completed the acquisition of Bally's brand, a holding company that owns and manages hotels that offers amenities such as casinos, retail outlets, sports bars, pubs, from Caesars Entertainment, a chain of resorts. Financial terms were not disclosed. Twin River has agreed to provide Caesars Entertainment a perpetual license to use the Bally's brand at its existing Bally's Las Vegas Hotel & Casino property.

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