Bally’s has completed the purchase of The Queen Casino & Entertainment, a deal that gives it control of both downtown Baton Rouge casinos.
Bally’s purchased Standard General, which funds owned the majority of The Queen, in an all-stock deal that closed Friday. Queen shareholders received 30.5 million shares of Bally’s stock, which was trading at $18.24 a share Friday morning.
The Queen’s holdings include The Queen Baton Rouge and the Belle of Baton Rouge. The Belle is undergoing a $141 million redevelopment, which will move the city’s oldest casino onto land and reopen a 242-room hotel that has been closed since the COVID pandemic.
