Bally’s Atlantic City sold for $25M, casino plans to reopen after coronavirus

Caesars Entertainment Corporation and VICI Properties Inc. on Friday announced they have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc. for about $25 million in cash.“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 in a statement.“We appreciate Twin River’s commitment to this property, which has a great future ahead under its stewardship,” Rodio said.VICI will receive about $19 million from the sale, while Ca…

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