Twin River has committed to spending at least $90 million in upgrades over the next five years at the Boardwalk’s 41-year-old property on the city’s famed Pacific Avenue, according to the Press of Atlantic City.
9, and will begin trading on the New York Stock Exchange under its new ticker symbol - BALY, agreeing to purchase the casino hotel from Caesars Entertainment Inc. 29, Twin River announced it was changing its name to Bally’s Corp., effective Nov. Twin River announced in April it was purchasing Bally’s Atlantic City Hotel and Casino for $25 million in cash.
Gambling regulators in New Jersey on Thursday approved Twin River to operate Bally’s Atlantic City once the sale becomes official in about two weeks. Rhode Island-based Twin River Worldwide Holdings is rapidly progressing to taking over Bally’s in Atlantic City, New Jersey, and making the casino its own.
