Bally’s Completes Acquisition of Jumer’s Casino & Hotel
Bally’s Corporation has announced that it has completed the previously announced acquisition of Jumer’s Casino & Hotel (Jumer’s) from Delaware North Companies Gaming & Entertainment. The total purchase price was $120 million, which the Company funded using available borrowings under its revolving credit facility.
“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 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. 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,” George Papanier, President and CEO of Bally’s Corporation, said.
