Standard General Acquires Bally’s in $4.6 Billion Deal

The merger with Queen Casino & Entertainment aims to diversify and expand Bally’s portfolio across the U.S..

Bally’s shareholders will receive $18.25 per share in the buyout.
The deal will merge Bally’s with Queen Casino & Entertainment, adding four more casinos to its portfolio.
Bally’s commitment to its Chicago casino project remains unchanged, with plans to open by September 2026.
The merger is expected to close in the first half of 2025, pending regulatory approval.
Bally’s employs approximately 10,600 people, while Queen Casino & Entertainment has about 900 employees.