To use a baseball reference, Bally’s Corp. is at the plate taking its swings, but it’s yet to connect.
Last week’s $735 million sale and leaseback of its Rhode Island casino to real estate investment trust Gaming and Leisure Properties allows the company to pay down a portion of its almost $3.6 billion debt and focus attention on an under-construction $1.7 billion Chicago resort the company plans to open next year.
Bally’s also remains a candidate to develop one of three New York City-area casinos, a process that could be decided by year’s end.
But the company’s Chicago and New York efforts have superseded plans for a resort on the Strip that would replace the demolished Tropicana Las Vegas.
