Liquidity has been an issue for Bally¡¯s: in its Q3 2022 earnings statement, the company reported $3.4B in debt and only $165M in cash on hand. The transaction with Oak Street is the third sale-leaseback deal for Bally¡¯s this year.
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It adds up to a sporting experience infused at every level with gambling. Just as fantasy sports spread from the province of hard-core fans to just about everybody who follows sports, sports betting will balloon, too. Young fans who watch sports now because of the ability to gamble will continue to embrace betting¡¯s holy trinity of technology, social media and camaraderie. Meanwhile, sports leagues will understand that to thrive, they must partner with companies that provide instant, easy and personalized betting experiences and attract young fans for the long term.


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Reno is set to get its first ground-up hotel-casino project in decades as a California-based real estate and entertainment company is doubling down on The Biggest Little City.