Bally's Corporation is exploring the sale of its planned Las Vegas development surrounding the new Athletics ballpark. An unidentified buyer expressed interest in the 26-acre mixed-use project at the former Tropicana site.
A deal must be finalized before the Las Vegas Stadium Authority meeting this Thursday. This timeline keeps the first phase on schedule for its planned 2028 opening.
A recent SEC filing raised substantial doubt about the company's ability to continue as a going concern. Bally's requires capital to fund other major initiatives, including a planned casino in The Bronx.