Caesars Entertainment sold the Bally’s brand name to another gaming company for $20 million, according to a report from the New York Post.

Hedge fund investor Soo Kim, who also serves as chairman Rhode Island-based gaming company Twin River Worldwide Holdings, bought the worldwide rights to the Bally’s name and plans on using it to rebrand his company’s 11 casinos.

The move comes nearly six months after Twin River bought three properties, including Bally’s Atlantic City, from…

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