Bally’s Corp. has yet to update development plans for a planned casino resort surrounding the $1.75 billion baseball stadium on the Strip since revealing initial ideas eight months ago.
The casino operator has its hands full with multiple projects in the U.S. and internationally, which led Truist Securities gaming analyst Barry Jonas to note Bally’s lack of progress on the resort portion of the site, which is owned by mega-landlord Gaming and Leisure Properties, a real estate investment trust that leases the land to Bally’s.
“We see limited risks for [Gaming and Leisure Properties] at the Tropicana site,” Jonas wrote in a research note following his discussion with company leadership last week at a National Association of Real Estate Investment Trusts event in New York.
