Bally's Corporation Completes Merger With The Queen Casino & Entertainment (Standard General)

February 7, 2025

Bally's Corporation completed its previously announced merger with The Queen Casino & Entertainment Inc., which is majority-owned by funds managed by Standard General L.P. Queen shareholders received a combination of stock and cash consideration under the merger agreement. The cash consideration was financed by $500 million of senior secured notes provided exclusively by funds managed by Apollo.

Buyers
Bally's Corporation
Targets
The Queen Casino & Entertainment Inc.
Sellers
Standard General L.P. (majority owner via funds managed by Standard General)
Location
Rhode Island, United States
Transaction Type
Buyout

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