caesars casino atlantic city upload document

“We strongly believe in the potential of the Atlantic City market and are confident that we can restore Bally’s to its former glory,” Bally’s President and CEO George Papanier said in a release.

The $25 million transaction opens the door to a potential sale of Bally’s on the Strip, but terms of the existing deal give Caesars a perpetual license to keep the use of the Bally’s brand at its Strip hotel-casino. Reno-based Caesars, which owns a variety of brands that it uses in different parts of the country, and its real estate investment trust partner, Vici Properties, announced Wednesday that they have completed the sale of Bally’s Atlantic City to Rhode Island-based Bally’s Corp., formerly Twin River Worldwide Holdings Inc., which was founded in 2004. is parting ways with one of its iconic brands, Bally’s, completing a sale first contemplated in April.

(AP Photo/Wayne Parry, File)Ĭaesars Entertainment Inc. 1, 2018, two days after its sister property, Bally’s, did. Harrah’s casino plans to start taking sports bets at 11 a.m. 15, 2015, file photo shows the exterior of Harrah's Resort Atlantic City in Atlantic City, N.J.

Caesars casino atlantic city upload document