Bally’s Corp. has unveiled plans for a 500,000-square-foot entertainment district on the Strip to surround the $2 billion stadium for Major League Baseball’s Athletics.
But one gaming analyst is betting it won’t be the gaming company building the project.
Bally’s touted a $1.1 billion loan package earlier this month that will help fund a planned $4 billion resort complex in New York City — one of three casino projects approved by the state’s gaming commission Monday.
Yet, no mention has been made of how the company plans to finance its Vegas attraction.
In a note to investors, Citizens Bank gaming analyst Jordan Bender wrote that Bally’s absence of any financing for the Las Vegas project is “a selling point” that could entice interested parties to explore taking over the project.
