Bally's Corporation completes acquisition of MontBleu Resort Casino and Spa

(PRESS RELEASE) -- Bally's Corporation, a leading U.S. omnichannel provider of land-based gaming and interactive entertainment, today announced that it has completed the previously announced acquisition of MontBleu Resort Casino & Spa from Caesars Entertainment, Inc.

George Papanier, President and Chief Executive Officer of Bally's Corporation, said, "MontBleu is a premier entertainment asset that is commensurate with the iconic Bally's brand, and advances our ongoing portfolio diversification strategy. With the close of this transaction, we look forward to integrating the property into the Bally's family, and utilizing it as an attractive destination for our loyal Bally's customers to drive visitation to Lake Tahoe."

MontBleu is located in Stateline, Nevada, which is situated minutes from Lake Tahoe offering spectacular views of the Sierra Nevada mountains. The property features approximately 418 slots, 17 tables, 438 hotel rooms and approximately 14,000 square feet of flexible convention, meeting & exhibition space.