Bally’s Corporation has completed its purchase of Jumer’s Casino in Rock Island for $120 million from Delaware North Companies Gaming and Entertainment, Inc.
Jumer’s features a 40,000 square foot casino floor containing more than 870 slot machines and 25 table games, a 205-room hotel with 11 luxury suites, an events center, the Oculus Sports Bar, the Edje nightclub, and four restaurants.
A statement issued Monday did not indicate if or when the name of the casino will change. Bally’s recently attached its brand to the former Fox Sports regional networks across the country as part of its expanding sports bookmaking enterprise.
The acquisition was originally announced in October.
“As the latest step in our ongoing portfolio diversification strategy, we are excited to complete our acquisition of Jumer’s and enter the rapidly growing Illinois gaming market,” said George Papanier, President and Chief Executive Officer of Bally’s Corporation.
The purchase “provides Bally’s with the potential to capitalize on several lucrative sports betting opportunities, which we expect will drive revenue and cash flow growth,” Papanier said. “We are pleased to welcome Jumer’s into the Bally’s family, and look forward to leveraging our expertise to enhance the property’s operations.”
Bally’s expects to see immediate earnings based on the property’s strong fiscal year 2019 and performance since reopening during the COVID-19 pandemic.
According to a press release, the acquisition also provides Bally’s the opportunity to capitalize on lucrative sports betting opportunities by further expanding its geographic footprint into the growing Illinois gaming market.