Bally’s Corporation acquires MontBleu Resort Casino & Spa in Nevada
US gaming company Bally’s Corporation (formerly Twin River Worldwide Holdings) has wrapped up the previously announced acquisition of MontBleu Resort Casino & Spa in Nevada from Caesars Entertainment.
The deal was announced by Twin River Worldwide and Eldorado Resorts in April 2020. Eldorado Resorts merged with Caesars Entertainment in July 2020 and assumed the latter’s name.
As per the April 2020 deal, Bally’s Corporation was to acquire two casinos from Eldorado Resorts and Caesars Entertainment. These include the Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the MontBleu Resort Casino & Spa in Lake Tahoe for a total of $155 million.
Bally’s Corporation acquires MontBleu Resort Casino & Spa in Nevada. Photo courtesy of stokpic from Pixabay.
The MontBleu Resort Casino & Spa, which is located in Stateline, has nearly 418 slots, 17 tables, 438 hotel rooms, and around 14,000 square feet of flexible space for convention, meeting, and exhibition.
George Papanier – President and CEO of Bally’s Corporation said: “MontBleu is a premier entertainment asset that is commensurate with the iconic Bally’s brand, and advances our ongoing portfolio diversification strategy.
“With the close of this transaction, we look forward to integrating the property into the Bally’s family, and utilizing it as an attractive destination for our loyal Bally’s customers to drive visitation to Lake Tahoe.”