PROVIDENCE, R.I., Dec. 22, 2020 /PRNewswire/ -- Bally's Corporation
(NYSE: BALY) (the "Company") and FanDuel Group ("FanDuel") today
announced the opening of the "FanDuel Sportsbook at Bally's
Atlantic City Hotel & Casino." This temporary sportsbook, which
will utilize FanDuel's proprietary risk and trading technology that
leverages the IGT PlaySports platform, is the first retail sports
betting operation for FanDuel in Atlantic
City.
The FanDuel Sportsbook will initially feature six live odds
boards, ten self-service IGT PlaySports betting kiosks, and three
live betting windows with attendants available to assist customers
with the sports betting process. It will allow bets on all major
U.S. sports, including professional baseball, soccer, football,
basketball, golf, boxing, motorsports racing, and more, and operate
in accordance with all CDC and local health guidelines and
protocols.
"We are very excited to announce the opening of the FanDuel
Sportsbook at Bally's AC. It is the first of many planned capital
improvement projects at Bally's Atlantic
City and a testament to our commitment to reinvest in our
physical property portfolio," said George
Papanier, President and Chief Executive Officer of Bally's
Corporation. "We are also looking forward to once again
implementing the winning combination of Bally's nationwide
expertise in gaming and casino operations, with FanDuel's
market-leading sports betting acumen and globally recognized brand,
to provide an unrivaled sportsbook experience for our loyal
Atlantic City customers."
Design and construction are currently underway on the permanent
FanDuel Sportsbook location, which Bally's expects to open in
Spring 2021. The state-of-the-art, best in class facility will span
4,100 square feet and consist of 34 self-service IGT PlaySports
betting kiosks, and 5 attended, live wagering windows. It will also
feature a luxury 80-seat lounge with 30 reclining club chairs,
oversized LED video walls, a thoughtful food and beverage menu
including self-service craft beer, and a sensational game-day
atmosphere.
"We are excited to be one the first pieces of the Capital
Improvement Project at Bally's Atlantic City Casino & Hotel,"
said Keith Wall, Vice President of
Retail, FanDuel Group. "While we are eager to get up and running
with our temporary sportsbook, we cannot wait until we open the
permanent location and showcase to Atlantic City why FanDuel is the number one
sportsbook in New Jersey."
The temporary FanDuel Sportsbook at Bally's Atlantic City, which is directly accessible
from the Atlantic City boardwalk
and prominently located on the main casino floor, will be open 24
hours a day, seven days a week for self-service kiosks. Attendants
will be available at live wagering stations Monday through Friday,
12:00pm-10:00pm ET, and Saturday and
Sunday, 10:00am-10:00pm ET.
Bally's Atlantic City, located
in Atlantic City, New Jersey, is
situated prominently in the center of the Atlantic City boardwalk. This iconic property
includes 1,500 slots, 105 tables and 1,214 hotel rooms. Bally's
Corporation completed its acquisition of Bally's Atlantic City
Hotel & Casino in November
2020.
About Bally's Corporation
Bally's Corporation currently owns and manages 10 casinos across
six states, a horse racetrack, and 13 authorized OTB licenses in
Colorado. With more than 5,400
employees, the Company's operations include 11,859 slot machines,
405 game tables and 2,538 hotel rooms. Properties include Twin
River Casino Hotel (Lincoln, RI),
Tiverton Casino Hotel (Tiverton,
RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino
(Dover, DE), Bally's Atlantic City (Atlantic City, NJ) Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino
(Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack
(Aurora, CO). Following the
completion of pending acquisitions, which include Tropicana
Evansville (Evansville, IN),
Jumer's Casino & Hotel (Rock Island,
IL), Eldorado Shreveport Resort and Casino (Shreveport, LA), and MontBleu Resort Casino
& Spa (Lake Tahoe, NV), the
Company will own and manage 14 casinos across 10 states. Its shares
trade on the New York Stock Exchange under the ticker symbol
"BALY."
About FanDuel
FanDuel Group is an innovative sports-tech entertainment
company that is changing the way consumers engage with their
favorite sports, teams, and leagues. The premier gaming destination
in the United States, FanDuel
Group consists of a portfolio of leading brands across gaming,
sports betting, daily fantasy sports, advance-deposit wagering, and
TV/media, including FanDuel, Betfair US, and TVG. FanDuel Group has
a presence across all 50 states and 8.5 million customers. The
company is based in New York with
offices in California,
New Jersey, Florida, Oregon, and Scotland. FanDuel Group is a subsidiary of
Flutter Entertainment plc, the world's largest sports betting
and gaming operator with a portfolio of globally recognized brands
and a constituent of the FTSE 100 index of the London Stock
Exchange.
Forward Looking Statements
This communication contains "forward-looking" statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
All statements, other than historical facts, including future
financial and operating results and Bally's Corporation's
("Bally's") plans, objectives, expectations and intentions, legal,
economic and regulatory conditions and any assumptions underlying
any of the foregoing, are forward-looking statements.
Forward-looking statements are sometimes identified by words like
"may," "will," "should," "potential," "intend," "expect,"
"endeavor," "seek," "anticipate," "estimate," "overestimate,"
"underestimate," "believe," "could," "project," "predict,"
"continue," "target" or other similar words or expressions.
Forward-looking statements are based upon current plans, estimates
and expectations that are subject to risks, uncertainties and
assumptions. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated or
anticipated by such forward-looking statements. The inclusion of
such statements should not be regarded as a representation that
such plans, estimates or expectations will be achieved. Important
factors that could cause actual results to differ materially from
such plans, estimates or expectations include, among others, (1)
uncertainty surrounding the ongoing COVID-19 pandemic, including
uncertainty regarding its extent, duration and impact, the
resulting closure of Bally's properties (all of which have
re-opened at some limited level of capacity) and the risk that the
ongoing COVID-19 pandemic may require Bally's properties to close
again for an indeterminable period of time; (2) the time it will
take Bally's to return its facilities to full capacity and the
restrictions applicable to its facilities until then; (3) the costs
to comply with any mandated health requirements associated with the
virus; (4) customer responses as Bally's facilities continue to
operate under various restrictions including the time it takes
customers to return to the facilities and the frequency with which
they visit Bally's facilities; (5) the economic uncertainty and
challenges in the economy resulting from the ongoing COVID-19
pandemic, including the resulting reduced levels of discretionary
consumer spending; (6) challenges Bally's may face in bringing
employees back to work upon re-opening of its facilities; (7)
unexpected costs, charges or expenses resulting from the recently
completed acquisitions; (8) uncertainty of the expected financial
performance of Bally's, including the failure to realize the
anticipated benefits of its acquisitions; (9) Bally's ability to
implement its business strategy; (10) evolving legal, regulatory
and tax regimes; (11) the effects of competition that exists in the
gaming industry; (12) the actions taken to reduce costs and losses
as a result of the COVID-19 pandemic, which could negatively impact
guest loyalty and our ability to attract and retain employees; (13)
risks associated with increased leverage from Bally's recently
completed and proposed acquisitions; (14) the inability or
unwillingness of the lenders under our revolving credit facility to
fund requests that we may make to borrow amounts under the
facility; (15) increased borrowing costs associated with higher
levels of borrowing, (16) the risk that contemplated acquisitions,
and the expected benefits therefrom and the timing thereof, do not
occur as planned or at all; and (17) other risk factors as detailed
under Part I. Item 1A. "Risk Factors" of Bally's Annual Report on
Form 10-K for the fiscal year ended December
31, 2019 as filed with the Securities and Exchange
Commission on March 13, 2020 and
Bally's Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 2020 as filed with the
Securities and Exchange Commission on November 6, 2020. The foregoing list of important
factors is not exclusive.
Any forward-looking statements speak only as of the date of
this communication. Bally's does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information or development, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance
on any of these forward-looking statements.
Bally's Investor
Contact
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Steve Capp
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Executive Vice
President and CFO
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401-475-8564
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InvestorRelations@twinriver.com
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Bally's Media
Contact
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FanDuel Media
Contact
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Richard Goldman /
David Gill
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Emily Bass
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Kekst CNC
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press@fanduel.com
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646-847-6102 /
917-842-5384
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BallysMediaInquiries@kekstcnc.com
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SOURCE Bally's Corporation; FanDuel Group