M&A Deal Summary |
|
|---|---|
| Date | 2020-04-24 |
| Target | Bally s Atlantic City Hotel & Casino |
| Sector | Leisure |
| Buyer(s) | Bally s |
| Sellers(s) |
Caesars Entertainment
VICI Properties |
| Deal Type | Divestiture |
| Deal Value | 25M USD |
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Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. With more than 5,400 employees, the Company's operations include 11,859 slot machines, 405 game tables, and 2,538 hotel rooms. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Bally's Atlantic City (Atlantic City, NJ), Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Bally's was founded in 2004 and is based in Providence, Rhode Island.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 12 |
| Sector (Leisure) | 1 of 5 |
| Type (Divestiture) | 2 of 6 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 2 of 10 |
| Year (2020) | 1 of 5 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-29 |
Affinity Gaming - Three Colorado Casinos
Black Hawk, Colorado, United States Affinity Gaming - Three Colorado Casinos comprises Golden Gates, Golden Gulch and Mardi Gras are located in close proximity to one another along a half-mile strip of casino and casino-hotel properties in the historic mining town of Black Hawk, Colorado, with a combined 36,000 square feet of gaming space featuring nearly 20 table games, approximately 700 slots, and a poker parlor. The properties also offer three restaurants and 24/7 bars, and one of the only parking garages in the market, with 700 spaces. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-01 |
Jumer s Casino & Hotel
Rock Island, Illinois, United States Jumer's Casino & Hotel is a 40,000 square foot casino floor containing more than 870 slot machines and 25 table games, a 205 room hotel with 11 luxury suites, an events center, the Oculus Sports Bar, the Edge nightclub, and four restaurants. |
Buy | $120M |
| Category | Company |
|---|---|
| Founded | 1937 |
| Sector | Leisure |
| Employees | 51,000 |
| Revenue | 11.5B USD (2023) |
Caesars Entertainment is a casino entertainment company that owns and operates twenty-six properties in twelve states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,000 slot machines and VLTs and approximately 650 table games, and over 12,000 hotel rooms. Caesars Entertainment was incorporated in 1937 and is headquartered in Reno, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Leisure) | 3 of 5 |
| Type (Divestiture) | 3 of 5 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2020) | 2 of 4 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-10 |
Montbleu Resort Casino and
Stateline, Nevada, United States Montbleu Resort, Casino and Spa boast spectacular views of Lake Tahoe with the 12th Floor Wedding Chapel. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-30 |
William Hill
London, United Kingdom William Hill Plc is a betting and gaming companies with approximately 1,500 licensed betting outlets and a leading telephone betting business. William Hill was founded in 1934 and is based in London, United Kingdom. |
Buy | £2.9B |
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 28 |
| Revenue | 3.6B USD (2023) |
VICI Properties is a real estate investment trust that owns one of the largest portfolios of market- gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. VICI Properties is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Leisure) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-17 |
Eldorado Resorts - Three Properties Land & Real Estate Assets
New York, New York, United States Eldorado Resorts, Inc. - Three Properties Land & Real Estate Assets provides real estate services. |
Buy | $278M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-04 |
MGM Growth Properties
Las Vegas, Nevada, United States MGM Growth Properties is a real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. MGM Growth Properties is based in Las Vegas, Nevada. |
Buy | $17.2B |
