Standard General-backed The Queen Casino & Entertainment to merge with Bally’s in a $4.6bn deal.

Standard General-backed The Queen Casino & Entertainment, a company operating casinos and gaming points, agreed to merge with Bally’s, a gambling, betting, and interactive entertainment company, in a $4.6bn deal. “Our team is well positioned to continue to execute on our initiatives to drive growth across all our segments including in our International Interactive business, North America Interactive and our Casinos & Resorts (“C&R”) segments, while proceeding with our development pipeline, including construction of our permanent casino resort in Chicago, for which we recently announced a comprehensive financing plan. The addition of four complementary properties through this merger to our existing 15 domestic casino properties will add further geographic and market diversity to our portfolio. With QC&E’s development pipeline recently completed or already well underway, we see a path toward additional revenue and EBITDAR growth and value accretion as those projects are completed in 2025. We look forward to bringing our ultimate vision to bear and to working closely with the Standard General team to execute on that vision,” Robeson Reeves, Bally’s CEO.