M&A Deal Summary |
|
|---|---|
| Date | 2020-10-27 |
| Target | Tropicana Evansville |
| Sector | Leisure |
| Buyer(s) |
Bally s
Gaming & Leisure Properties |
| Sellers(s) | Caesars Entertainment |
| Deal Type | Divestiture |
| Deal Value | 480M USD |
| Advisor(s) | Citizens Capital Markets (Financial) |
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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 | 4 of 12 |
| Sector (Leisure) | 3 of 5 |
| Type (Divestiture) | 4 of 6 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 4 of 10 |
| Year (2020) | 3 of 5 |
| Size (of disclosed) | 1 of 5 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-18 |
Bet.Works
Las Vegas, Nevada, United States Bet.Works is a U.S.-based technology and services company delivering the most advanced iGaming and sportsbook products. Its flexible suite of proprietary solutions, coupled with a sophisticated managed service offering, uniquely position Bet.Works to provide US-ready solutions to enterprise, tribal and regional clients. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 18 |
| Revenue | 1.4B USD (2023) |
Gaming & Leisure Properties is a real estate company. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in "triple net" lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Gaming & Leisure Properties is based in Wyomissing, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Leisure) | 3 of 5 |
| Type (Divestiture) | 5 of 7 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2020) | 3 of 3 |
| Size (of disclosed) | 1 of 4 |
| 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. |
Buy | $340M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-01 |
Hollywood Casino Perryville
Perryville, Maryland, United States Hollywood Casino Perryville offers Vegas-style gaming vibes in a friendly community atmosphere. Hollywood Casino Perryville is based in Perryville, Maryland. |
Sell | $31M |
| 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 | 5 of 6 |
| Sector (Leisure) | 4 of 5 |
| Type (Divestiture) | 4 of 5 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 5 of 6 |
| Year (2020) | 3 of 4 |
| Size (of disclosed) | 1 of 5 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-23 |
Eldorado Resort Casino Shreveport
Shreveport, Louisiana, United States Eldorado Resort Casino Shreveport is a provider of exceptional guest service, a dynamic gaming product, award-winning dining, exciting entertainment and premier accommodations. |
Sell | $140M |
