A day earlier, they rejected requests by the Hard Rock Atlantic City and the Ocean Casino Resort to comment to the commission before the vote, saying it was too late in the process.Īntitrust expert Timothy Watts of New York-based Nera Economic Consulting testified in online hearings that the blockbuster merger “would not substantially reduce competition” in the Atlantic City gambling market and that the planned sale of Bally’s will improve it. The New Jersey regulators declined to remove deed restrictions that block casino developments by other property owners. It also says it will spend $400 million improving them over the next three years and reinvest 5% of revenue annually after that. Of the four affected casinos in New Jersey, Caesars Entertainment and VICI Properties are selling Bally’s Atlantic City hotel-casino for $25 million to Rhode Island-based Twin River Worldwide Holdings.Įldorado is promising not to close the three remaining properties - Caesars, Harrah’s and the Tropicana - for at least five years.

Omaha casino approval