M&A Deal Summary

Bally s Acquires Bally s Atlantic City Hotel & Casino

On April 24, 2020, Bally s acquired leisure company Bally s Atlantic City Hotel & Casino from Caesars Entertainment and VICI Properties for 25M USD

Acquisition Highlights
  • This is Bally s’ 1st transaction in the Leisure sector.
  • This is Bally s’ 5th largest (disclosed) transaction.
  • This is Bally s’ 2nd transaction in the United States.
  • This is Bally s’ 1st transaction in New Jersey.

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

Target

Bally s Atlantic City Hotel & Casino

Atlantic City, New Jersey, United States
Bally's Atlantic City Hotel & Casino is a 4-star hotel focused on providing casino-entertainment based in Atlantic City, 08401, New Jersey.

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Buyer(S) 1

Buyer

Bally s

Providence, Rhode Island, United States

Category Company
Founded 2004
Sector Gaming
Employees10,000
Revenue 2.5B USD (2024)
DESCRIPTION

Bally's specializes in delivering a comprehensive range of gaming and entertainment experiences through both traditional brick-and-mortar casino venues and expansive digital platforms. Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. Bally's was founded in 2004 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 2 of 12
Sector: Leisure M&A 1 of 5
Type: Divestiture M&A Deals 2 of 6
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 10
Year: 2020 M&A 1 of 5
Size (of disclosed) 5 of 5
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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

Seller(S) 2

SELLER

Caesars Entertainment

Reno, Nevada, United States

Category Company
Founded 1937
Sector Leisure
Employees50,000
Revenue 11.2B USD (2024)
DESCRIPTION

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. Caesars Entertainment was incorporated in 1937 and is headquartered in Reno, Nevada.


DEAL STATS #
Overall 4 of 6
Sector: Leisure M&A 3 of 5
Type: Divestiture M&A Deals 3 of 5
State: New Jersey M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2020 M&A 2 of 4
Size (of disclosed) 5 of 5
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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
SELLER

VICI Properties

New York, New York, United States

Category Company
Sector Real Estate
Employees27
Revenue 3.8B USD (2024)
DESCRIPTION

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 is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
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
FOLLOWING DEAL
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