FinTechFunding

Bally’s Corporation: Completes Acquisition of Eldorado Resort Casino Shreveport, for $140M

  • Bally’s Corporation (NYSE: BALY) completed the previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment, Inc.
  • The total purchase price of the acquisition $140m, funded with cash and available borrowings under the company’s revolving credit facility
  • Eldorado Resort Casino Shreveport is located in Shreveport, Louisiana, and is situated right on the banks of the Red River
  • This premier property also includes 1,401 slots, 54 tables and 403 hotel rooms. Bally’s will now integrate Eldorado Shreveport into its brand family
  • The deal follows the acquisition of Bet.Works, a U.S. based, sports betting platform provider to operators in New Jersey, Iowa, Indiana and Colorado, for $125m
  • With more than 5,900 employees, the company’s operations include 13,260 slot machines, 459 game tables and 2,941 hotel room
Previous article
Peac Finance: Enters German deposit market with Raisin
Next article
Iress: Deliver Tiger Brokers clients with direct access to SGX
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

BMO Strengthens AI and Quantum Research with New Institute

The new institute will focus on advancing AI technology and quantum computing.Highlights: BMO launches Institute for AI and...
FinTech

Lloyds Strengthens Leadership with AI Agent in the Boardroom

The British bank integrates artificial intelligence into executive decision-making.Highlights: Lloyds Banking Group introduces an AI agent to its...
FinTech

Ralio Secures $25M to Strengthen Agentic Payments Platform

Funding aims to enhance features and expand market reach.Highlights: Ralio raises $25M in a funding round.The investment will...
FinTech

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments.Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...