Ronald Baumann, Caesars Entertainment Corporation’s top regional executive, has been granted an initial casino key employee license and approval for his appointment by the New Jersey Casino Control Commission to serve as regional president and chief executive of Caesars Atlantic City, Harrah’s Resort Atlantic City and Bally’s Atlantic City.
Industry veteran Baumann, who formerly worked as a senior executive at Indiana Grand Racing & Casino, welcomed the development, saying it is a privilege as well as an honor.
Speaking on the topic, Baumann said, “It is both a privilege and an honor to be granted and to hold a gaming license in the state of New Jersey, and I want to thank both the commission and the (Division of Gaming Enforcement) for granting my key license today.”
He further added that he was looking forward to safely reopening and operating the Caesars Atlantic City, Harrah’s Resort Atlantic City and Bally’s Atlantic City with health and wellness protocols for team members as well as guests. Casinos in Atlantic City have been closed since 16th of March, when State Governor Phil Murphy issued “stay-at-home” order to help alleviate the spread of the corona virus pandemic, which infected millions of people across the world, leaving many of them deceased.
In October last year, shortly after the two entertainment giants petitioned New Jersey gaming regulators to approve their $17.3 billion merger deal, the casino regulators granted Baumann temporary qualification for the position. It is also worth-mentioning here that Caesars Entertainment has been waiting for a round a year for state gaming regulators to approve its proposed merger deal with Eldorado Resorts Inc. The deal aims to create the biggest domestic entertainment company. Caesars and Eldorado are optimistic that the proposed deal would obtain all necessary regulatory approvals sooner than later.
In April this year, Caesars Entertainment announced its decision to sell the Bally’s Atlantic City to Rhode Island-based Twin River Holdings for $25 million. The decision was taken to alleviate the concerns that the two companies’ merger deal could hurt competition in the market. Caesars wanted the seal the deal by the end of June, but the deadly CIOVID-19 pandemic caused shutdown delayed the deal. Now, the deal is expected to close sometime in the fourth quarter of 2020. Until the deal is finalized, the Bally’s will remain a part of the Caesars Rewards network.