Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars Entertainment" or "Caesars") and VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or "VICI") today announced they have completed the previously disclosed transaction to sell Bally’s Atlantic City to Bally’s Corporation (NYSE: BALY), previously known as Twin River Worldwide Holdings Inc., for $25.0 million. The proceeds of the transaction were split 75% to VICI and 25% to Caesars, while the annual base rent payments under the Regional Master Lease between Caesars and VICI remain unchanged.
Bally's Corporation (NYSE: BALY) (the "Company") today announced that it has completed the previously announced acquisition of Bally's Atlantic City Hotel & Casino from Caesars Entertainment, Inc. (NASDAQ: CZR) and Vici Properties, Inc. (NYSE: VICI). The total purchase price of the acquisition was $25 million, subject to customary adjustments, and was funded with cash on hand.
CNBC's "Halftime Report" traders gave their final traders of the day.Momentum Advisors CEO Tiffany McGhee likes VICI Properties Inc. (NYSE: VICI) and notes the company has a dividend of over 5%, is trading at an 11% discount and is up 14% over the past month alone.Short Hills Capital Managing Partner Steve Weiss likes Moderna, Inc. (NASDAQ: MRNA) and notes the stock is on sale today.Cerity Partners' Jim Lebenthal likes Boeing Company (NYSE: BA) and notes the stock is only half way up from the pre-COVID levels.Ritholtz Wealth Management CEO Josh Brown likes General Motors Company (NYSE: GM) and notes the stock is slightly over bought and might cool down over a couple days or a week but recommends to be patient for the long term.See more from Benzinga * Click here for options trades from Benzinga * Jim Cramer Says Young People Love Stocks Like Nio * Pete Najarian Sees Unusual Options Activity In PayPal And Micron(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.