Bally’s Corporation has added yet more depth to its US land-based gaming footprint, after completing the previously announced acquisition of Jumer’s Casino & Hotel from Delaware North Companies Gaming & Entertainment.
The acquisition provides the group the opportunity to further capitalise on sports betting opportunities, by expanding its geographic footprint into the growing Illinois gaming market.
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The purchase price of the transaction, which was first announced before the group rebranded from its previous Twin River Worldwide Holdings moniker, was $120m, which the company funded using available borrowings under its revolving credit facility.
Bally’s expects this transaction to be immediately accretive to earnings based on the property’s strong adjusted EBITDA performance through the 2019 fiscal year, as well as that since reopening during the health pandemic.