Things can change quickly in the U.S. gambling landscape.
Case in point: On July 31, George Papanier, President of Bally’s Corporation, said during the company’s Q2 earnings call that “we’re now focused” on getting the necessary approvals to start construction on its Nittany Mall casino in the first half of 2025.
“We are now going through the whole developmental underwriting process and how we plan for that,” he said at the time.
Now, less than two months later, Bally’s has pulled out of the Nittany Mall project in College Township, Pennsylvania. As a result of leaving the joint venture it started three years ago with SC Gaming (which will continue the casino project without Bally’s), Deutsche Bank analysts peg Bally’s savings at around $120 million, according to the Sept. 16. Earnings+More newsletter.
