US casino operator Twin River Worldwide Holdings (TRWH) has acquired three casinos from rivals Caesars Entertainment and Eldorado Resorts, including Bally’s Atlantic City.
On Friday, TRWH announced that it had come to terms with Eldorado to acquire the latter firm’s Eldorado Shreveport Resort and Casino in Shreveport, Louisiana and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada for an aggregate purchase price of $155 million.
Eldorado previously agreed to sell the Mont Bleu and Shreveport casinos to regional rival Maverick Gaming but Eldorado said Friday that it had “terminated” these deals and returned Maverick’s deposits. Maverick has yet to comment on Eldorado’s fickle nature.
TRWH also announced that it was picking up Bally’s Atlantic City from Caesars – and its real estate investment trust Vici Properties – for a mere $25m, reflecting Bally’s status as the revenue cellar dweller among AC’s nine brick-and-mortar casinos. Bally’s struggles led Caesars to consider shutting the venue back in 2014, the year in which AC’s then-12 casinos shrunk to just eight.