The head of the Las Vegas Stadium Authority says financing for the MLB stadium won’t be impacted by Bally’s credit rating.
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The nearly 60-year-old resort on the Las Vegas Strip is scheduled to be demolished to make room for a new Athletics ballpark.
“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said a statement released by the Adelson and Dumont families.
Former All-Pro offensive lineman Jonathan Ogden placed the first wager at the refreshed Harrah’s sportsbook, which features new TVs, chairs and bar space.
“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.
The UNLV International Gaming Institute turned out to be instrumental in the unlikely bid to move the Raiders from Oakland to Las Vegas.