Located where Park Place and Boardwalk meet, Bally’s is one of the larger hotels in Atlantic City. “We appreciate Twin River’s commitment to this property, which has a great future ahead under its stewardship.” “We look forward to the reopening of Bally’s Atlantic City as soon as appropriate once the public health emergency related to COVID-19 has passed,” Caesars CEO Tony Rodio said.
VICI Properties will get about $19 million from the sale, while Caesars will receive $6 million. The purchase is the first New Jersey venture for Twin River, who owns various racetrack and casino properties around the United States. The companies, who operate and own the property, have sold the facility to Rhode Island-based Twin River Worldwide Holdings for approximately $25 million.
Last weekend, the sale of Bally’s Atlantic City Hotel & Casino was announced by Caesars Entertainment and VICI Properties. Photo via .Ī prominent beachfront property along the Jersey Shore’s gambling hub is officially changing hands and will re-open as a casino whenever COVID-19 restrictions get lifted. Bally’s Atlantic City is officially changing hands and will re-open as a casino whenever COVID-19 restrictions get lifted.
