Bally’s completes acquisition of Jumer’s in Illinois
The deal was originally struck in October by Twin River Worldwide Holdings, prior to the operator acquiring the Bally’s brand and rebranding as Bally’s Corporation.
Located in Rock Island, Illinois, Jumer’s features a 40,000sq ft casino floor with more than 870 slot machines and 25 table games, as well as a 205-room hotel with 11 luxury suites, an events centre, sports bar, nightclub and four restaurants.
Bally’s said that it expects the deal to be immediately accretive to earnings, based on the property’s adjusted earnings before interest, tax, depreciation and amortisation in its 2019 fiscal year 2019 and performance since reopening during the novel coronavirus (Covid-19) pandemic.
In addition, Bally’s said the acquisition also provides it with the opportunity to capitalise on sports betting opportunities by further expanding its geographic footprint into the Illinois gaming market.