Bally's CEO Robeson Reeves stated: "With this merger with Standard General, our existing 15 domestic casinos will have an addition of 4 complementary casinos, further enhancing the geographical and market diversity of our portfolio.
"As the QC&E development projects are either nearing completion or progressing smoothly, we foresee additional revenue and EBITDAR growth as well as value creation upon their completion in 2025.
"We look forward to realizing our ultimate vision and working closely with the Standard General team to achieve this vision."
Standard General managing partner Soo Kim also stated: "This transaction offers Bally's shareholders a considerable cash premium and certain investment value, or if they opt to retain their shares, the opportunity to participate in the long-term growth prospects of our expanded portfolio and extensive development channels."
"The inclusion of QC&E complementary assets enhances the attractive growth prospects of the company.
"We look forward to working with the board and the senior management team to continue executing their business plan."
