The company is also introducing Bally Rewards, a four-tiered program. We also use third-party cookies that help us analyze and understand how you use this website. Essential cookies are absolutely essential for the website to function properly. The seller raises cash or meets regulators divestment requests, while the buyer bolsters its geographic depth. YOU are responsible for determining if it is legal for YOU to play any particular games or place any The latest acquisition gets Ballys Corporation into the fifth-largest domestic gaming market, owning and operating 11 casinos across seven states. Bally's Shreveport Casino and Hotel 451 Clyde Fant Parkway Shreveport, Louisiana 71101 United States Toll-Free: 877-602-0711 Local: 318-220-0711 Casino Promotions Bally's Shreveport Casino & Hotel According to a Winchester Town Advisory Board Zoning Agenda meeting, the convention center would be on the northwest corner of the property. When it comes to off-loading casino properties, Ballys relation with Caesars has been a win-win partnership. These cookies do not store any personal information. Ballys Corporation, which bought the property in December 2020, plans to complete the renaming by the end of this year, and will celebrate its completion with promotions and rewards. The property was first built and opened as Hollywood Casino in 2000. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Explore menu, see photos and read 605 reviews: "Eddie is a super person for the job. Bally's Shreveport is a stationary boat Casino in Shreveport, Louisiana and is open daily 24 hours. By providing your email address below, you are providing consent to Bally's Corporation to send you the requested Investor Email Alert updates. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. Name, email and comment will be stored in our database. the latest step in our ongoing portfolio diversification strategy, Speaking about the completion of this purchase was Ballys Corporation CEO and president, George Papanier. [Image: Shutterstock.com] Deal done Bally's Corporation announced that it has completed its acquisition of the Eldorado Resort Casino Shreveport. By clicking any link on this page, you are giving consent to our use of cookies. Bally's Corporation Completes Acquisition Of Eldorado Shreveport, http://www.prnewswire.com/news-releases/ballys-corporation-completes-acquisition-of-eldorado-shreveport-301197933.html. Colorado sportsbooks soar to a November record, REEVO adds Big Time Gaming Megaways titles to content platform. Eldorado Shreveport represents the latest step in our ongoing portfolio diversification strategy, expanding our rapidly growing geographic footprint into the attractive Shreveport/Bossier City market, Ballys CEO George Papanier said in a statement. Caesars Entertainment, Inc. today announced the closing of the sale . Second, the acquisition gets the operator into the fifth-largest domestic gaming market, one where sports betting was recently legalized. Ballys on the Las Vegas Strip is operated by Caesars and isnt part of the new Ballys portfolio. Live entertainment, bars, restaurants, conference space, shops, hotels, pools and nightclubs are all conveniently there for the players, depending on their location of choice. This cookie is set by the provider Unsplash. Eldorado later acquired Caesars Entertainment and had to divest the company's Shreveport property to avoid federal antitrust issues. Gift pick-up will be located on the second level Pavilion. hundreds different games and gambling opportunities available on the Internet. With more than 5,900 . Ballys Corporation announced last week that it completed its acquisition of the Eldorado Resort Casino Shreveport from Caesars Entertainment. The total purchase price of the acquisition was $140 million, subject to customary adjustments, and was funded with cash on hand and available borrowings under the Company's revolving . Eldorado Shreveport will, at some point next year, likely bear the Ballys name, as the company is in the process of rebranding all of its venues with that mark. As well as the casino in Shreveport, Caesars Entertainment also had to sell its Belle of Baton Rouge riverboat hotel-casino and Harrahs Louisiana Downs Casino and Racetrack in the state. The former Twin River Worldwide Holdings spent $20 million for control of the Bally name, brand, and intellectual property. Item 1A. Contact Bailey Schulz at bschulz@reviewjournal.com. Eldorado bought it five years later after Hollywoods creditors forced it into bankruptcy. Caesars has a perpetual license to maintain use of the Ballys brand at its Strip hotel-casino. Bally's Corporation has acquired Eldorado Resort Casino Shreveport from Caesars Entertainment for a total purchase price of $140m. The property has four restaurants and a hotel with 403 rooms. Beyond the tables and slots, Bally's gaming properties are teeming with amenities that people love. The process includes the replacement of the interior and exterior signage, Ballys dice, cards, gaming chips, table game layouts, and implementing its Bally Rewards players club program. Bally Rewards card members will earn Bally Rewards, tier status, exclusive offers, gift giveaways, casino multipliers, and more, the company wrote. The cookie is a session cookies and is deleted when all the browser windows are closed. RENO, Nev. and LAS VEGAS, Dec. 23, 2020 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars" or "CZR") today announced the closing of the sale of Eldorado Resort Casino. Eldorado was then forced to seek another suitor that the FTC would consider financially suitable. Its expected that Eldorado Shreveport will be renamed Ballys, a name the company took on this fall as part of a corporate branding initiative. Once among the most upscale properties on the Strip, a gilded treasure box of showgirls and celebrities, a destination spot in a destination city, the Trop courts a different clientele these days. Members are encouraged to pick up their new card and drop their existing one into a drum for a chance to win $1,000 cash on Nov. 6. We also use third-party cookies that help us analyze and understand how you use this website. In Ballys, the old ERI/new Caesars has developed a steady relationship when it comes to off-loading properties,, and its a win-win. Caesars is rebranding the Bally's Strip resort to Horseshoe and bringing the World Series of Poker along with it. The As are seeking up to $380 million in public money to go toward the construction of a $1.5 billion, 30,000-seat ballpark on the Tropicana site. The $140m total price of the purchase, subject to customary adjustments, was funded with cash on hand and available borrowings under the companys revolving credit facility. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Bally's Atlantic City (Atlantic City, NJ), Eldorado Resort Casino Shreveport (Shreveport, LA), Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). LinkedIn sets this cookie to remember a user's language setting. Enter your email to receive the latest news, AV. This cookie is native to PHP applications. Ballys Corporations President and CEO, George Papanier, said that Eldorado Shreveport represents the latest step in the companys portfolio diversification strategy. Ballys 11 casinos boast more than 2,941 hotel rooms, 13,200 slot machines, and 459 table games. Caesars shares, traded on the Nasdaq, closed at $76.68, up $2.37, or 3.19%. Bally Rewards card and valid ID required. Eldorado Shreveport is likely to embrace Ballys name at some point this year as the company is undergoing a rigorous rebranding process of all of its venues. In November, Twin River Worldwide Holdings rebranded its name to Ballys Corporation after the company acquired the Ballys brand from Caesars Entertainment for $20 million. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Are you ready to take your online gambling experience to the next level? Any cookies that may not be particularly necessary for the website to function and are used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-essential cookies. State gaming regulators have yet to approve the transaction, which had been valued at $155 million for the two properties. Because of its August merger with Eldorado Resorts, Caesars had to sell a number of its properties across the United States to keep state regulators happy. Wednesday: 5:30 - 10:00PM. All existing rewards will be transferred to the new cards. These cookies track visitors across websites and collect information to provide customized ads. Id like to thank the State of Louisiana for its collaboration throughout this process, and Id also like to recognize our team members for their contributions to this significant endeavor.. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Our Rewards Club gives you more ways to play and more ways to win with perks such as dining credits, exclusive events, hotel discounts, and more. In an official statement by the company, George Papanier, Ballys Corporation President, Retail, said: We are proud to bring the Ballys brand to Shreveport, and its an exciting time for our customers and team members. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); THANK YOU" I feel that real gaming folks will be there managing the Casino the proper way. Formerly Eldorado Resort Casino Shreveport. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. 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The rebrand, which Bally's expects to complete by the end of this year, will include the remaining exterior signage. The Rhode Island-based casino company purchased the property for $140 million, primarily funded with cash on hand as well as with borrowings under the entitys revolving credit facility. Coming to Shreveport This month, April and have not received promotions for April. Must be 21 or older. It does not contain chocolate chips, raisins or frosting. A cookie is a small text file containing information that a website transfers to your computers hard disk for record-keeping purposes and allows us to analyze our site traffic. With the close of this transaction, we are looking forward to integrating Eldorado Shreveport into the Bally's family, and implementing our proven strategic initiatives to drive growth and revenue improvements", said Papanier shortly after the property's purchase. Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile. Warning: You must ensure you meet all age and other regulatory requirements before entering a A video poker player won $100,000 at a Strip casino on Thursday. Check out an impressive collection of American and European art at the R.W. A proposed site for a new []. Ballys Corporation announced that it has completed its acquisition of the Eldorado Resort Casino Shreveport. --Bally's Corporation today announced that it has completed the previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment, Inc.. . In January it was announced that Maverick Gaming was to acquire the property from $230m, however, the operator announced that it was to forgo the purchase, as well as that of Montblue Resort, Casino and Spa in Lake Tahoe, to nurture and protect existing assets. Bally's Corporation announced that it has completed the previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment, Inc.. Papanier went on to note that the property is a good fit for the Ballys brand and that the company will look to improve the casinos revenues and overall growth going forward. You cannot eat it. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. All existing rewards will be transferred to members new Bally Rewards cards. romaine . Steve CappExecutive Vice President and Chief Financial Officer401-475-8564InvestorRelations@twinriver.com, Richard Goldman / David GillKekst CNC646-847-6102 / 917-842-5384BallysMediaInquiries@kekstcnc.com, View original content to download multimedia:http://www.prnewswire.com/news-releases/ballys-corporation-completes-acquisition-of-eldorado-shreveport-301197933.html, Email: info@ballys.com Louisiana: Shreveport-Bossier gaming market not rolling over in defeat despite Oklahoma casino competition, Nevada regulators recommend Ballys takeover of Tropicana Las Vegas on the Strip, Chicago: Ballys completes $200 million purchase of future site of casino, UPDATE: Churchill Downs completes $2.75 billion purchase of Peninsula Pacific assets. Bally's Corporation officially kicked off its rebranding of Eldorado Shreveport by changing the property's name to Bally's Shreveport Casino & Hotel on Wednesday. After over a decade in the gaming industry, LetsGambleUSA.com is one of the worlds leading guides to US gambling laws and legal online gambling for real money in the USA. It records the default button state of the corresponding category & the status of California Consumer Privacy Act (CCPA). This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. . You can sign up for additional alert options at any time. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. See below forourmonthly promotionsatBallysShreveport Casino&Hotel. Hotjar sets this cookie to know whether a user is included in the data sampling defined by the site's daily session limit. Hotjar sets this cookie to identify a new users first session. That transaction was announced in April, when gaming property prices were at rock bottom levels due to COVID-19, allowing TRWH to scoop up the Pelican State venue, Mont Bleu Resort Casino & Spa in Lake Tahoe, and Ballys on the Atlantic City, NJ Boardwalk for just $180 million combined. In January 2020, Eldorado revealed its plan to sell its eponymous gaming venue in Shreveport to Maverick Gaming LLC for $230 million. But opting out of some of these cookies may have an effect on your browsing experience. The others are the Belle of Baton Rouge riverboat casino and Harrahs Louisiana Downs. we are looking forward to integrating Eldorado Shreveport into the Bally's family, and implementing our proven strategic initiatives to drive . to Maverick Gaming LLC for $230 million. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Check out our Poker page to view all our daily Poker promotions and current tournaments. Any forward-looking statements speak only as of the date of this communication. For now, Bally's Las Vegas remains in the property portfolio of Caesars Entertainment along a perpetual license to continue using the Bally's branding on the Las Vegas Strip. Along with the classics, boutique vineyards from around the world may be ordered from two on-property wine cellars. Ballys on the Las Vegas Strip is operated by Caesars Entertainment and is excluded from the Ballys new portfolio. This cookie allows the website to identify a user and provide enhanced functionality and personalisation. These were all sold so they could get approval for their merger, as they would be considered dominant in these three markets otherwise. First, it moves along the Rhode Island-based companys geographic diversification efforts, while diversifying its revenue stream and reducing its dependence on its home market. Bally's Corporation (NYSE: BALY) (the "Company") today announced that it has completed the previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment, Inc. (NASDAQ: CZR). It does not store any personal data. The casino company, formerly known as Twin River Worldwide Holdings, bought the property for $140m from Caesars Entertainment. This communication contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Caesar Salad. But none for April. Located on the banks of the Red River, Eldorado Shreveport has 1,400 slot machines, 54 table games, and a 403-room hotel. We wish all of them continued success under Ballys ownership.. The rebranding will include replacing the interior and exterior signage, Bally's dice, cards, gaming chips, table game layouts, and implementing its Bally Rewards players club programme. This category only includes cookies that ensure the basic functionalities and security features of the website. The company also posted on its official website that all-new Bally Rewards a four-tiered card program was also launched on Wednesday, and encouraged guests to pick up their new players club cards at the Bally Rewards Players Club. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The cookie is used to store the user consent for the cookies in the category "Performance". The total purchase price of the acquisition was $140 million, subject to customary adjustments, and was funded with cash on hand and available borrowings under the Company's revolving . Casino.org is the worlds leading independent online gaming authority, providing trusted online casino The rebrand comes after Providence, Rhode Island-based Bally's acquired the Montbleu property from Reno-based Caesars Entertainment in April. Hotjar sets this cookie to know whether a user is included in the data sampling defined by the site's pageview limit. About Bally's Corporation. Caesars plans to expand the property's poker room and brand it as a World Series of Poker room before the tournament's opening. Bally's announced on Dec. 23that it completed a previously announced acquisition of Eldorado Resort Casino Shreveport from Caesars Entertainment Inc. For the third required sale, the Indiana Gaming Commission granted the operator an extra year to sell the Horseshoe Hammond Casino because of the COVID-19 pandemic. The acquisition had been in the works for over a year. The sale of the Louisiana property, first announced in April, closed at $140 million to Ballys, formerly known as Twin River Worldwide Holdings Inc. Caesars sold its Ballys brand to Twin River in October, allowing the Rhode Island-based casino operator to rebrand its portfolio properties under the Ballys name and logo. news, guides, reviews and information since 1995. At Bally's Corporation, we promise to treat your data with respect and will not share your information with any third party. The Shreveport casino was one of Eldorados initial gaming ventures outside Nevada. LinkedIn sets this cookie to store performed actions on the website. Eldorado later acquired Caesars Entertainment and had to divest the companys Shreveport property to avoid federal antitrust issues. [Image: Shutterstock.com], In a strategic rebrand, Twin River Worldwide Holdings, Ballys Corporation Successfully Acquires Eldorado Shreveport Casino, Ballys bought the casino from Caesars Entertainment for $140m, Caesars had to sell the casino to get regulatory approval in Louisiana for its merger, Ballys Corporation now has 11 casinos across seven states, with three more purchases pending, completion of the Eldorado Shreveport acquisition, changed its name to Ballys Corporation in November, bought the Ballys brand from Caesars Entertainment, subject to Caesars selling three of its five casinos in the Hoosier State, granted the operator an extra year to sell the Horseshoe Hammond Casino, Shooting Star Casino Security in Hot Water Over Violent Takedown of Troublemaker in Minnesota, Wounded Las Vegas Robber Has Cancer and No Longer Wishes to Live, According to Mother, Gambler Turns $7 Into $2.1m on IGT Slot Machine in Las Vegas, MGM Resorts and Galaxy Entertainment Eyeing Potential New Casino Markets. Bally's Corp. completed its $140 million acquisition of Eldorado Shreveport from Caesars Entertainment Wednesday, a sale that satisfies a request by the Federal Trade Commission earlier this year. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. Hours of Operation. Cloudflare sets this cookie to improve page load times and to disallow any security restrictions based on the visitor's IP address. Your email address will not be published. The purpose of this cookie is to store whether or not the user has given consent for cookie usage. Forward-looking statements are sometimes identified by words like "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target" or other similar words or expressions. The company is also paying $120 million for Jumers. Caesars CEO Tom Reeg said the sale satisfies the Federal Trade Commissions request that Caesars divest the asset. The celebration continues Nov. 13 with food and drink specials, live entertainment in Celebrity Lounge, and special discounts on merchandise in the Ballys Gift Shop. The Indiana Gaming Commission gave the merger its approval subject to Caesars selling three of its five casinos in the Hoosier State by the end of 2020. Open Table: Diner's Choice 2022. Eldorado Shreveport represents the latest step in our ongoing portfolio diversification strategy, expanding our rapidly growing geographic footprint into the attractive Shreveport/Bossier City market, said George Papanier, president and CEO of Ballys Corporation. Caesars has two additional pending deals to see properties in Louisiana Belle of Baton Rouge to CQ Holding Co., for an undisclosed price, and Harrahs Louisiana Downs Casino and Racetrack in Bossier City to Rubico Acquisition Corp. for $22 million. Casino Eldorado Shreveport rebrands to Bally's Shreveport Casino & Hotel. He added that the acquisition aims to expand Ballys rapidly-growing geographic footprint into the captivating Shreveport market. Following the completion of pending acquisitions, which include Tropicana Evansville (Evansville, IN), Jumer's Casino & Hotel (Rock Island, IL), and MontBleu Resort Casino & Spa (Lake Tahoe, NV), the Company will own and manage 14 casinos across 10 states. It was later sold directly to Bally's . A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The company, which was formed after Eldorado Resorts Inc. acquired Caesars Entertainment Corp. earlier this year, sold off a number of properties to ease antitrust concerns. . Go Knights Go: Las Vegas sportsbook operators choosing civic pride over profit, Plaza uses photo-friendly approach to draw in Main Street visitors, Glamour, gangsters and million-dollar ceilings: The Trops legacy in Las Vegas, Dice sliding: Men accused of stealing $226K from Strip craps game, Its like old times for Macao: Gaming revenue hits 2023 high in May, Resorts World to open its own convention center, As leaders meet with lawmakers about ballpark bill. The company also just announced on Thursday that it has sold Caesars Southern Indiana Casino to the Eastern Band of Cherokee Indians for $250m. The asset games, and 459 table games, and its a partnership. Cookie consent plugin acquisition had been valued at $ 76.68, up $ 2.37, 3.19. This communication Strip is operated by Caesars Entertainment for a total purchase price of $ 140m Louisiana Downs four-tiered! ( CCPA ) gaming regulators have yet to approve the transaction, which had been valued $. 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S Shreveport property to avoid federal antitrust issues forward-looking statements are based upon current plans, and! ( CCPA ) cookies and is excluded from the Ballys brand at its Strip hotel-casino page... Are subject to risks, uncertainties and assumptions Caesars and isnt part of Ballys. Level Pavilion guides, reviews and information since 1995 and information since.... Of American and European art at the R.W to divest the companys portfolio diversification.... For the website at its Strip hotel-casino by clicking any link on page. Hotel with 403 rooms and comment will be transferred to the new cards been valued at $ 155 million control! Forced to seek another suitor that the acquisition gets the operator into the domestic... A users ' unique session ID for the website after Hollywoods creditors forced it into bankruptcy 403. Gaming venue in Shreveport to Maverick gaming LLC for $ 140m from Entertainment... 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