PROVIDENCE, R.I., April 7, 2021 /PRNewswire/ — Bally’s Corporation (NYSE: BALY), a number one U.S. omnichannel provider of land-based video gaming and interactive activity, today announced it has finished the formerly established purchase of MontBleu Resort Casino & Spa (“MontBleu”) from Caesars Entertainment, Inc. (NASDAQ: CZR).
George Papanier, President and ceo of Bally’s Corporation, stated, “MontBleu is a entertainment that is premier that is commensurate with the iconic Bally’s brand, and advances our ongoing portfolio diversification strategy. With the close of this transaction, we look forward to integrating the property into the Bally’s family, and utilizing it as an destination that is attractive our loyal Bally’s clients to operate a vehicle visitation to Lake Tahoe.”
MontBleu is situated in Stateline, Nevada, which can be situated moments from Lake Tahoe providing dazzling views associated with Sierra Nevada mountains. The house features approximately 418 slots, 17 tables, 438 rooms in hotels and roughly 14,000 square foot of versatile meeting, fulfilling & exhibition room.
About Bally’s Corporation
Bally’s Corporation presently has and manages 12 gambling enterprises across eight states, a horse racetrack and 13 authorized OTB licenses in Colorado. The Company’s operations include 13,308 slot machines, 460 game tables and 3,342 hotel rooms with more than 6,000 employees. Following the completion of pending acquisitions, which include Tropicana Evansville (Evansville, IN) and Jumer’s Casino & Hotel (Rock Island, IL), as well as the construction of a land-based casino near the Nittany Mall in State College, PA, Bally’s will own and manage 15 casinos across 11 states. Bally’s also maintains a multi-year market access partnership with Elite Casino Resorts through which it will provide mobile sports betting in Iowa, as well as a temporary sports wagering permit to conduct online sports betting in the Commonwealth of Virginia. Its shares trade on the New York Stock Exchange under the ticker symbol “BALY.”
Cautionary Note regarding statements that are forward-Looking*)This document includes forward-looking statements in the meaning associated with securities legislation. Forward-looking statements are statements as to things which are not facts that are historical and include statements about
Bally’s plans, objectives, expectations and intentions.Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking statements are based on
Bally’s current expectations and assumptions. Although Bally’s believes that its expectations and assumptions are reasonable at this right time, they ought to never be thought to be representations that Bally’s objectives may be accomplished. Real outcomes can vary greatly materially. Forward-looking statements speak just at the time of the full time of the document and Bally’s doesn’t undertake to upgrade or revise them as additional information becomes available, except as needed by legislation.Important factors beyond those that apply to most businesses, some of that are beyond
Bally’s control, which could cause real leads to vary materially from our objectives and presumptions consist of, without limitation:uncertainties surrounding the pandemic that is COVID-19 including limitations on
- Bally’s operations, increased costs, changes in customer attitudes, impact on Bally’s employees and the ongoing impact of COVID-19 on general economic conditions; unexpected costs, difficulties integrating and other events impacting
- Bally’s recently completed and proposed acquisitions and Bally’s ability to realize anticipated benefits; risks associated with
- Bally’s rapid growth, including those affecting customer and employee retention, integration and controls; risks associated with the impact of the digitalization of gaming on
- Bally’s casino operations, Bally’s expansion into iGaming and sports betting and the highly competitive and rapidly changing aspects of Bally’s new interactive businesses generally; the very substantial regulatory restrictions applicable to
- Bally’s, including costs of compliance; restrictions and limitations in agreements governing
- Bally’s debt could significantly affect Bally’s ability to operate our business and our liquidity; and other risks identified in Part I. Item 1A. “Risk Factors” of
- Bally’s Annual Report on Form 10–K for the year that is fiscal December 31, 2019 as filed with SEC on March 13, 2020 along with other filings utilizing the SEC.The foregoing variety of key elements isn’t exclusive and doesn’t consist of things like alterations in basic economic climates that affect significantly all video gaming companies.
You must not to put reliance that is undue
Bally’s forward-looking statements.Investor Contact
Executive Vice President and Chief Financial Officer
/ David GillKekst CNC
646-847-6102 / 917-842-5384