The purchase of Bally’s Atlantic City by Twin River Worldwide Holdings no longer includes all of the property. On September 15, the Casino Reinvestment Development Authority approved the removal of the Wild Wild West Casino and the parking garage from the transaction. Caesars Entertainment, which owns Bally’s at the moment, keeps those elements, including the William Hill Sportsbook, according to the Press of Atlantic City.
Caesars Atlantic City will bring the Wild Wild West into its fold, while the parking garage will be sold to Twin River as part of the $25 million acquisition.
The deal should be final by year’s end, according to Twin River executives.
Caesars, the company created by the merger of Caesars Entertainment Corp. and Eldorado Resorts Inc. operates four casinos: Bally’s, Caesars, Harrah’s Resort Atlantic City and Tropicana Atlantic City. The company also has a financial stake in William Hill U.S., which runs four of Atlantic City’s eight retail sportsbooks.
William Hill will build a new sportsbook inside Bally’s, part of a capital program, which will refurbish rooms, add suites, bring in new restaurant brands, renovate meeting and convention space, and upgrade the pool and spa areas, Twin River President and CEO George Papanier has said.
Twin River has advertised for employees although it’s likely they will rehire the vast majority of the exiting employees, albeit as new hires with no seniority.
