Bally’s Corporation has entered into a new term loan credit facility worth $1.1bn to help fund the development of Bally’s Bronx and Bally’s Chicago, as well as finalized its $700m sale of Twin River Lincoln Casino Resort to Gaming and Leisure Properties (GLPI) subsidiary GLP Capital.
The operator confirmed proceeds of the new loan credit facility will also be used for “general corporate purposes,” and were provided by Ares Management Credit funds, King Street Capital Management and TPG Credit.
The $1.1bn loan will be due in 2031, while Bally’s stated the initial cash rent for Twin River Lincoln was set at $56m per year and features customary annual escalators.
Bally’s will allocate proceeds from both the Twin River Lincoln sale with GLPI and its October 2025 transaction with Intralot, along with portions of the new term loan credit facility, to repay the operator’s outstanding $1.47bn term loans due in 2028.
On November 11, Robeson Reeves was appointed as CEO of Bally’s Intralot and a member of the operator’s Board of Directors.
In December 2025, the New York Gaming Facility Location Board recommended commercial casino licensure for the final three bids remaining in the process, opening the door for new properties from Bally's, Hard Rock International and Resorts World New York City.
Operators such as Wynn Resorts, Caesars Entertainment, Mohegan and MGM Resorts International were also part of the bidding process, but respectfully pulled out of the competition at various points in 2025.
A group of 66 employees at Hard Rock Hotel & Casino Biloxi, currently owned and operated by Bally’s Corporation, voted to join Teamsters Local 891 on February 2 in the hopes of securing enhanced job benefits
