Sale of Bally’s Atlantic City to Twin River Worldwide Holdings closer to completion

The Casino Reinvestment Development Authority (CRDA) authorized on Tuesday the division of land lots containing the Wild Wild West Casino and parking garage structure from Bally’s Atlantic City.

Once the sale of the casino to Rhode Island-based gaming operator Twin River is closed, Bally’s current owner, Caesars Entertainment, will retain the Wild Wild West Casino and adjoining space, including the William Hill Sportsbook, and will incorporate it into Caesars Atlantic City.

The parking garage will be sold with Bally’s to Twin River, who agreed to purchase the gambling parlor for $25 million, the Press of Atlantic City reports.

The application approved by the CRDA requested minor subdivision approval and variance relief. The application did not require construction or structural changes to any of the affected facilities.

The Bally’s deal is expected to be completed by the end of the year, according to Twin River executives.

Caesars — a newly formed company after a multibillion-dollar merger between Eldorado Resorts Inc. and Caesars Entertainment Corp. — currently operates four of Atlantic City’s nine casinos: Bally’s, Caesars, Harrah’s Resort Atlantic City and Tropicana Atlantic City.

The company also owns a minority stake in sports betting operator William Hill, which controls four of Atlantic City’s eight retail sportsbooks.

Twin River said it intends to construct a new sportsbook inside Bally’s as part of a larger capital expenditure program, following the sale. That plan includes an immediate focus on refurbishing rooms and adding more suites. New restaurant brands, renovated meeting and convention space, and an “enhanced” spa and pool area also are expected, Twin River President and CEO George Papanier has said.