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Bally's Corporation Restructures Debt After Receipt of New York Casino License Award
The Bally's Corporation has announced new financing for its land-based gaming projects in Chicago, Las Vegas, and New York.
The Bally's Corporation is nearly engaged in developing physical casinos in three of the largest markets in the United States simultaneously and has restructured its current debt to account for those expenses. Bally's shared the terms of an agreement with three private investment entities with shareholders on Dec. 8.
Bally's announces deals with investment firms
While Bally's presence among the best online casino apps in the US is limited, its prominence on the brick-and-mortar side of casino gaming in the US could reach its zenith soon. In addition to developing properties in Chicago and Las Vegas, Bally's has received a license to operate a casino in the downstate region of New York as well.
Through the combination of these projects, Bally's has committed to more than $7 billion in construction costs and licensing fees. , the company was carrying nearly $5.7 billion in debt as of the most recent quarter.