Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island.

[12] By 2008, as a result of the global economic recession, BLB was struggling financially and began defaulting on loans related to the purchase and renovation of Twin River.

[15][16] The company emerged from bankruptcy in 2010, now owned by a syndicate of lenders led by Bank of America, Wells Fargo, and Sankaty Advisors.

[19][20][21] In 2014, Twin River bought the Hard Rock Hotel & Casino Biloxi in Mississippi from Leucadia National for $250 million.

[22][23] The acquisition was made to diversify the company geographically, in preparation for expected competition from Massachusetts, which had legalized casinos in 2011.

[28][29] In 2016, hedge fund Standard General took an ownership stake in Twin River,[30] and its principal partner, Soo Kim, took a seat on the board.

[41] Days later, the company closed on purchasing Bally's Atlantic City from Caesars and Vici Properties for $25 million.

[43] In January 2021, Bally's partnered with developer Ira Lubert in a plan to build a $120-million casino in the area of State College, Pennsylvania.

[51] To fund the Tropicana purchase, the real estate of Dover Downs was sold to GLPI for $144 million in a leaseback transaction.

[51][52] In January 2022, Standard General moved to take full ownership of Bally's, offering to buy all outstanding shares in a transaction valuing the company at $2.07 billion.

[58][59] In September 2022, Bally's purchased the non-land assets of the Tropicana Las Vegas from GLPI and Penn Entertainment for $148 million.

[64] The next month, the company acquired Monkey Knife Fight, the third-largest daily fantasy sports operator in the U.S., for up to $90 million in stock.