By The Weekly Edge desk ·
Bally’s is discussing a potential sale of rights to its $1.1bn project around the Athletics’ stadium in Las Vegas, CasinoBeats reported. The company is seeking capital while carrying approximately $4.5bn in debt.
A potential project rights sale supports Bally’s search for capital while it carries approximately $4.5bn in debt.
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Bally’s finance leadership changes amid Chicago casino project delays, a dispute with city officials and liquidity concerns.
The financing supports Bally’s planning and pre-construction, while additional capital remains necessary for the proposed resort.
WhiteHawk Capital Partners’ $560m financing provides capital to advance Bally’s planned $4bn Bronx casino resort.
The request concerns tax rates affecting betting shops and other businesses with category B machines.
The proposals could expose sweepstakes operators in both states to fines or felony penalties if enacted.
Emerald Queen Casino’s new marketing chief brings almost 20 years of gaming experience and previous marketing leadership at Bally’s Chicago.