An executive explained why Bally’s is in no hurry to produce plans for a resort that would be attached to the Oakland Athletics’ stadium at the Tropicana site.
Casinos & Gaming
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In a report to investors, CBRE Equity Research analyst Colin Mansfield said Tropicana land could be sold to finance the company’s Chicago casino project.
The transition of The Mirage to Hard Rock Las Vegas will generate nostalgic memories, but it’s part of the Las Vegas way of constantly evolving to what’s next.
The head of the Las Vegas Stadium Authority says financing for the MLB stadium won’t be impacted by Bally’s credit rating.
Downgrades for Bally’s Corp. from Moody’s and S&P Global could affect several projects in the works, including a planned ballpark for the Oakland Athletics.
The nearly 60-year-old resort on the Las Vegas Strip is scheduled to be demolished to make room for a new Athletics ballpark.
Bally’s Corp., which operates the Tropicana, sees short-term pain, but long-term gain with its stadium project with the relocated Oakland A’s baseball team.
The company that operates the Tropicana hotel-casino is working on two other big projects and waiting for a Major League Baseball relocation vote.
“I think it’s safe for me to say that they have a very, very strong interest in our site if the transaction can work to their advantage,” Gaming & Leisure Properties top executive Peter Carlino said during a Friday earnings call.
After a respectable run at predicting the top stories of 2021, the crystal ball forecasts some of the ups and downs we can anticipate from gaming and tourism in 2022.
Sportico is reporting that New York Mets majority owner Steven Cohen is in preliminary talks with Las Vegas Sands Corp. to build a casino next to the Mets’ stadium, Citi Field.
The California-based Americans for Nonsmokers Rights is connecting casino revenue with smoking bans and has enlisted the Oakland A’s to take up the fight in Nevada.
If the A’s ultimately move to Las Vegas, the team likely will need to draw from the millions of visitors who annually come to Las Vegas to assure the team’s financial success.
The deal announced Wednesday includes the recently opened, adults-only resort being an official sponsor of the Padres for the 2021 MLB season.
The fast-food chain’s “Steal a Base, Steal a Taco” promotion will allow bettors in three states to wager real money on which baseball player they believe will steal the first base of the World Series, which kicks off Oct. 22.