VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. For more information, please visit About VICI Properties Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment's portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. Since its beginning in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Bally's Atlantic City will continue to be part of the Caesars Rewards network until closing.Ĭaesars Entertainment is one of the world's most diversified casino-entertainment providers and the most geographically diverse U.S. The Bally's Atlantic City transaction is subject to regulatory approvals and other closing conditions. VICI Properties will continue to own the land and real estate associated with Caesars Atlantic City, including the Wild Wild West casino area.

'This transaction allows us to maintain the existing financial terms of our master lease with Caesars and helps balance our geographic diversification as we work to complete the acquisition of Harrah's Resort Atlantic City.'įollowing the sale, Caesars will continue to operate Caesars Atlantic City, which will include the Wild Wild West casino area and The Book sports wagering facility, and Harrah's Resort Atlantic City. 'The sale of Bally's Atlantic City demonstrates our ongoing commitment to work collaboratively with our tenants to optimize our individual businesses, even during these unprecedented times,' said John Payne, President and COO of VICI Properties. 'We appreciate Twin River's commitment to this property, which has a great future ahead under its stewardship.'

'We look forward to the reopening of Bally's Atlantic City as soon as appropriate once the public health emergency related to COVID-19 has passed,' said Caesars CEO Tony Rodio.

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