M&A Deal Summary

Bally s Acquires Jumer s Casino & Hotel

On October 1, 2020, Bally s acquired leisure company Jumer s Casino & Hotel from Delaware North for 120M USD

Acquisition Highlights
  • This is Bally s’ 2nd transaction in the Leisure sector.
  • This is Bally s’ 4th largest (disclosed) transaction.
  • This is Bally s’ 3rd transaction in the United States.
  • This is Bally s’ 1st transaction in Illinois.

M&A Deal Summary
Date 2020-10-01
Target Jumer s Casino & Hotel
Sector Leisure
Buyer(s) Bally s
Sellers(s) Delaware North
Deal Type Divestiture
Deal Value 120M USD
Advisor(s) Citizens Capital Markets (Financial)

Target

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.

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Buyer(S) 1

Buyer

Bally s

Providence, Rhode Island, United States
Category Company
Founded 2004
Sector Gaming
Employees9,900
Revenue 2.2B USD (2023)
DESCRIPTION

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 3 of 12
Sector (Leisure) 2 of 5
Type (Divestiture) 3 of 6
State (Illinois) 1 of 1
Country (United States) 3 of 10
Year (2020) 2 of 5
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-24 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.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Dover Downs Hotel & Casino

Dover, Delaware, United States

Dover Downs Hotel & Casino is a luxurious 4 Diamond hotel and casino offering a variety of entertainment, dining, horse racing, table games, poker, and slots. Dover Downs Hotel & Casino is based in Dover, Delaware.

Sell $340M

Seller(S) 1

SELLER

Delaware North

Buffalo, New York, United States
Category Company
Founded 1915
Sector Restaurants
Employees60,000
DESCRIPTION

Delaware North Co., Inc. is a privately-held hospitality and food service company. Delaware North has global operations at high-profile places such as sports and entertainment venues, national and state parks, destination resorts and restaurants, airports, and regional casinos.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Ruby Seven Studios

Reno, Nevada, United States

Ruby Seven Studios, Inc. is an operator of social and mobile casino games studio.

Buy -
Mergr

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