By SectorWire desk ·
Bally’s is discussing a potential sale of rights to its $1.1bn project around the Athletics’ stadium in Las Vegas. 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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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.
The financing supports Bally’s planning and pre-construction, while additional capital remains necessary for the proposed resort.
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