Bally’s Corporation’s $120 Million Acquisition of Jumer’s Casino & Hotel

Jones Day advised Delaware North Companies Gaming & Entertainment, Inc. on the deal.

Bally’s Corporation (NYSE: BALY), the premier, full-service, vertically integrated sports betting and iGaming company in the U.S., announced that it has completed the previously announced acquisition of Jumer’s Casino & Hotel (“Jumer’s”) from Delaware North Companies Gaming & Entertainment, Inc. The total purchase price was $120 million, which the Company funded using available borrowings under its revolving credit facility.

Citizens Capital Markets, Inc. served as financial advisor to Bally’s. Bass Berry Sims served as legal counsel on the transaction.

The Jones Day team was led by Evan Kanter (Picture).

 

Involved fees earner: Evan Kanter – Jones Day;

Law Firms: Jones Day;

Clients: Delaware North Inc.;

Author: Martina Bellini