Bally's began a $40-million renovation of the property, including a new exterior and additional retail and dining space. As part of this rebranding, Casino KC became Bally's Kansas City in August 2021. Twin River then purchased the Bally's casino brand from Caesars Entertainment, changed its own name to Bally's Corporation, and announced plans to rebrand most of its casinos. In July 2020, Twin River Worldwide Holdings bought the property along with Lady Luck Casino Vicksburg from Eldorado for a total of $230 million, and renamed the property as Casino KC. Later, in 2017, Eldorado Resorts bought Isle of Capri Casinos, including the Kansas City location. The name was changed in March 2001 to Isle of Capri Kansas City. In June 2000, Hilton sold the property to Isle of Capri Casinos for $33.5 million.
Instead, a 5-acre lake was constructed and the facility was built to float on that at a cost of $110 million. The casino is located near, but not on, the Missouri River. In 1996, Hilton Hotels opened the casino as the Hilton Flamingo. It is owned and operated by Bally's Corporation.
