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.
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With Sands shareholder Miriam Adelson near to completing the sale of $2B in stock to buy a majority interest in the Dallas Mavericks, a role in the Oak View project has been dismissed.
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.
“We’re not in favor of any tax dollars put into this,” said MGM Resorts International CEO Bill Hornbuckle during the company’s earnings call with investors.
Caesars Entertainment Corp., the operator of Caesars Palace and eight other Las Vegas casino properties, has signed a 15-year agreement to be a founding partner of the $1.8 billion Las Vegas stadium.
Some commissioners believe the company needs to have its license revoked, effectively running the operator of eight Southern Nevada sports books out of business.