Gaming board approves Bally’s buy of Sam’s Town | Information

SHREVEPORT, La. – The Louisiana Gaming Control Board on Thursday accepted Bally’s buy of Sam’s Town Casino & Hotel.

The acquisition additionally comes with a brand new identify because the on line casino will probably be generally known as Bally’s Shreveport North.

Sam’s Town was owned by Boyd Gaming Corporation. It’s positioned subsequent to the present Bally’s Shreveport Casino & Hotel on the Red River.

In an announcement on Friday, Bally’s Corporation prolonged its due to the state gaming board and the Louisiana State Police workforce for his or her “thoughtful review of this transaction.”

“We also want to thank Boyd Gaming for its partnership and cooperation throughout this process. We look forward to working closely with all regulatory stakeholders to ensure a seamless closing and transition for team members, guests, and the local community,” in response to the assertion.

The transaction is the fist time two neighboring riverboat gaming properties in the identical market fall underneath a single possession.

The now-former Sam’s Town property consists of 29,000 sq. toes of on line casino area, 750 slot machines and 14 sport tables. The property additionally has a 514-room lodge tower with eating places and assembly area.

There will probably be a six-month transition interval for the takeover to be accomplished with branding, signage and logos.