Louisiana: What does Bali mean to acquire both casinos in the center of Baton Rouge? – CDC Gaming Reports

Bally’s has completed the purchase of Queen Casino & Entertainment, a deal that gives him control of both Baton Rouge’s casino in the city center.

Bally Bally bought a standard general who finances most of the Queen in a deal for all stocks that closed on Friday. Queen’s shareholders received 30.5 million shares from Bally’s shares, which were traded at $ 18.24 per share on Friday morning.

The Queen’s puts include Queen Baton Rug and Bell of Baton Rouge. Belle has relied on $ 141 million, which will move the oldest casino in the city on land and reopen a 242-bedroom hotel, which is closed after the Covid pandemic.