SC Gaming and Bally's announce termination of agreement

16 Sep 2024

(PRESS RELEASE) -- SC Gaming and Bally's Corporation announced the decision to formally terminate their contractual agreement relating to the development of a Category 4 casino in College Township, Pennsylvania. After three years since the parties’ original Framework Agreement was executed, Bally's corporate strategic priorities have shifted elsewhere, prompting the company to exercise its option to end the relationship. Importantly, SC Gaming confirmed that the casino project will proceed as planned and there will be no impact on the project’s progress. It is anticipated that the casino will open during the first half of 2026.

"As a part of the Pennsylvania Gaming Control Board’s application and approval process, I demonstrated to the Board my resources and capability to independently develop and operate this casino project without reliance on a third party, including Bally's," said Ira Lubert, the sole owner of SC Gaming. "I have a proven track record of casino resort development in Pennsylvania, having successfully developed the Valley Forge Casino Resort during the challenging economic conditions following the 2008 financial crisis. With that experience, I am fully confident that this project will be a success, delivering a casino development that both College Township and the Commonwealth can take pride in. We remain on track to bring this transformational development to life for Central Pennsylvania, and I wish Bally’s continued success in their exciting ventures, including major projects in Chicago and Las Vegas."

"We are grateful for the collaboration and achievements we have accomplished with SC Gaming over the past three years," said George Papanier, President of Bally's Corporation. "However, as our strategic focus evolves, we have made the difficult decision to conclude our relationship. We extend SC Gaming our best wishes for their ongoing development efforts and for their continued success."

The termination of the framework agreement aligns with Bally's long-term strategic goals and allows the company to allocate resources towards other priorities. Bally's remains confident in its ability to adapt and thrive in the ever-changing market.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	SC Gaming and Bally's announce termination of agreement 16 Sep 2024 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> (PRESS RELEASE) -- SC Gaming and Bally's Corporation announced the decision to formally terminate their contractual agreement relating to the development of a Category 4 casino in College Township, Pennsylvania. After three years since the parties’ original Framework Agreement was executed, Bally's corporate strategic priorities have shifted elsewhere, prompting the company to exercise its option to end the relationship. Importantly, SC Gaming confirmed that the casino project will proceed as planned and there will be no impact on the project’s progress. It is anticipated that the casino will open during the first half of 2026. "As a part of the Pennsylvania Gaming Control Board’s application and approval process, I demonstrated to the Board my resources and capability to independently develop and operate this casino project without reliance on a third party, including Bally's," said Ira Lubert, the sole owner of SC Gaming. "I have a proven track record of casino resort development in Pennsylvania, having successfully developed the Valley Forge Casino Resort during the challenging economic conditions following the 2008 financial crisis. With that experience, I am fully confident that this project will be a success, delivering a casino development that both College Township and the Commonwealth can take pride in. We remain on track to bring this transformational development to life for Central Pennsylvania, and I wish Bally’s continued success in their exciting ventures, including major projects in Chicago and Las Vegas." "We are grateful for the collaboration and achievements we have accomplished with SC Gaming over the past three years," said George Papanier, President of Bally's Corporation. "However, as our strategic focus evolves, we have made the difficult decision to conclude our relationship. We extend SC Gaming our best wishes for their ongoing development efforts and for their continued success." The termination of the framework agreement aligns with Bally's long-term strategic goals and allows the company to allocate resources towards other priorities. Bally's remains confident in its ability to adapt and thrive in the ever-changing market.