|Company Name||CEO||Acquisition Company||Purchase Price|
|Bally’s Corporation||Lee Fenton||Eldorado Resort Casino||$140 M|
Bally’s Corporation released a PR on Dec 2020 in which they state that they will acquire Eldorado Resort Casino owned by Caesars Entertainment, Inc.
The acquisition deal was done at $140 million cash and all the borrowings under the casino name will be cleared by Bally’s Corporation. The casino is located in Shreveport near the bank of the Red River. The casino has 403 hotel rooms, 53 gambling tables, and 1401 slots. Bally’s Corporation also acquires Bet. Works, New Jersey at $125 million.