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Bally's Atlantic City sold for an amazingly low price

Started by alrelax, April 24, 2020, 07:19:40 PM

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alrelax

This morning the transaction was announced.

25 million dollars has to be to buy of the century in my opinion for this property on the boardwalk. Yes it was older and needs some renovation.   I know the property well but with a little bit of money, it can be a Premier Property once again on the boardwalk, when the business comes back. Never thought I'd see something sold for 25 million dollars with this kind of value
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https://www.hotelbusiness.com/twin-river-acquires-ballys-atlantic-city-other-resort-casinos/
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