We are pleased to welcome Jumer's into the Bally's family, and look forward to leveraging our expertise to enhance the property's operations.'īally's expects this transaction to be immediately accretive to earnings based on the property's strong fiscal year 2019 Adjusted EBITDA and performance since reopening during the COVID-19 pandemic.

The closing provides Bally's with the potential to capitalize on several lucrative sports betting opportunities, which we expect will drive revenue and cash flow growth. George Papanier, President and Chief Executive Officer of Bally's Corporation, said, 'As the latest step in our ongoing portfolio diversification strategy, we are excited to complete our acquisition of Jumer's and enter the rapidly growing Illinois gaming market. The deal was originally struck in October by Twin River Worldwide Holdings.The total purchase price was $120 million, which the company funded using available borrowings under its revolving credit facility.

This acquisition positions Bally's to capitalize on lucrative sports betting opportunities and growing Illinois gaming market. Bally's today announced that it has completed the previously announced acquisition of Jumer's Casino & Hotel from Delaware North Companies Gaming & Entertainment, Inc.

Jumer casino hotel quad cities