The acquisition was made to diversify the company geographically, in preparation for expected competition from Massachusetts, which had legalized casinos in 2011. In 2014, Twin River bought the Hard Rock Hotel & Casino Biloxi in Mississippi from Leucadia National for $250 million. In Colorado, the company's three dog racing tracks closed as interest in the sport declined, and all three had been sold off by 2011. Logo of Twin River Worldwide Holdings (2011–2020) In 2011, the company changed its name to Twin River Worldwide Holdings. The company emerged from bankruptcy in 2010, now owned by a syndicate of lenders led by Bank of America, Wells Fargo, and Sankaty Advisors. In June 2009, the company filed for Chapter 11 bankruptcy protection with a prepackaged plan to hand over ownership to its creditors. īy 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. īLB undertook a $220-million expansion of Lincoln Park and, in 2007, renamed it Twin River. properties, comprising a horse track ( Arapahoe Park) and three greyhound tracks in Colorado. BLB reached a deal in February 2005, agreeing to pay $435 million for Lincoln Park, plus $20 million for Wembley's other U.S. Wembley was a British operator of racetracks in the United Kingdom and the United States, whose primary asset was Lincoln Park, a greyhound track and slot machine parlor in Rhode Island. BLB was formed in 2004, as a joint venture between Starwood Capital Group, Kerzner International, and the Waterford Group for the purpose of launching a bid to acquire Wembley plc. In 2020, the company acquired the rights to the Bally's brand from Caesars Entertainment and changed its own name to Bally's Corporation.īally's originated as BLB Investors. It eventually changed its name to Twin River Worldwide Holdings. The company was founded in 2004 as BLB Investors. It owns and operates 15 casinos across ten states, a horse track in Colorado, and online sports betting operations in 14 states. Bally's Corporation is a gaming, betting, and interactive entertainment company headquartered in Providence, Rhode Island.