Hedge fund proposes $1.7B buyout of R.I.-based Bally’s

Updated at 3:45 p.m., Jan. 25

William Hamilton

01/25/2022

THE LARGEST SHAREHOLDER of Bally's Corp. has offered to buy all outstanding shares of the publicly traded company that owns Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel. / PBN FILE PHOTO/PAMELA BHATIA

PROVIDENCE – A hedge fund and largest shareholder of Bally's Corp. – the Rhode Island-based company that operates the state's only two casinos – has proposed buying all outstanding stock in the company to take full ownership. Standard General LP submitted a letter to Bally's board of directors Tuesday that said it would pay $38…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.