Bally’s Closes on Tropicana Evansville Purchase, Establishes Presence in Indiana
Tropicana Evansville officially has a new owner. On Friday, both Caesars Entertainment and Bally’s Corp. proclaimed the closing of a sell foremost announced inwards October. That deal allows Bally’s to get hold of over gaming operations at the southern IN casino.
Gaming & Leisure Properties purchased the real estate, which it testament take to the Rhode Island-based gaming keep company for $28 zillion a year, with the potential for increases. The tot up purchase terms was $480 million, with Bally’s portion at $140 million.
The closing is the modish milepost for the company formerly known as Twin Falls River Worldwide Holdings. That keep company has undergone a massive enlargement through acquisitions since the get going of 2020.
Since that time, the fellowship has purchased 11 casinos. Many of those came from Caesars and Eldorado Resorts, as the II companies requisite to molt properties inward prescribe to receive Eldorado’s takeover of Caesars approved.
Once all the transactions close, Bally’s testament operate casinos inward Colorado, Delaware, Illinois, Indiana, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Rhode Island. It’s also edifice a land-based cassino in State College, Penn.
The Tropicana Evansville acquisition closure marks another major accomplishment inwards what has already been a truly remarkable yr for Bally’s,” companionship President and CEO St. George Papanier said inwards a statement.
Bally’s has also acquired sports betting weapons platform provider Bet.Works and day-to-day phantasy sports operator Monkey Knife Fight. In addition, Bally’s bought the naming rights to the regional sports networks owned past Clive Sinclair Broadcast Group.
According to WEHT-TV, the casino unsympathetic Thursday at midnight. It reopened too soon Thursday afternoon after the IN Gaming Commission ruined inspecting the gaming machines after the dealings closed.
Caesars Required to Sell
Caesars sold the Tropicana Evansville because the IGC ordered it to sell ternary of its five Indiana properties as a term of approving the Eldorado takeover.
After Caesars announced the Tropicana sale, it so reached an arrangement to sell Caesars Southern Indiana to the Eastern Band of Cherokee Indians for $250 billion inward December.
Caesars also plans to divest Horseshoe Hammond by the remnant of this year.
Bally’s Sports Betting Slated for Indiana
Bally’s plans to go a licensed sports betting manipulator inward Indiana. As piece of the deal with Caesars, it received sports betting rights to the casino. Those rights include the triplet wandering skins that come up with the license.
Bally’s online sports betting app could set in motion in IN by later this year.
Bally Bet is already available in Colorado. Besides Indiana, the society plans to extend sports betting in Illinois, Iowa, Nevada, New Jersey, Pennsylvania, and Virginia.
A rebranding of the cassino under the Bally’s recording label also could take place later this year. If that happens, it would live the second clip the gambling casino has been renamed. It originally opened inward 1995 as the Casino Aztar, the first off riverboat cassino to opened inward the state. It became a Tropicana casino inward 2013 and moved to a land-based locus inwards 2017.
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