LVfan
Member
Bally’s and the A’s Las Vegas Ballpark
There has been incorrect and obsolete information regarding Bally's involvement with the A's Las Vegas Ballpark. First, Bally's has never planned to financially support the ballpark development. Their role is developing the infrastructure including a hotel/resort. Second, Bally's financial problems predated their $4.6B acquisition by hedge fund Standard General in February 2025.
Soo Kim, Standard General managing partner, said in July 2024: “The transaction provides Bally’s stockholders with a significant cash premium along with certainty of value for their investment or, if they elect to retain their shares, the opportunity to participate in the longer-term growth prospects of our expanded portfolio and significant development pipeline.
https://next.io/news/investment/ballys-completes-4-6bn-standard-general-takeover/
There has been incorrect and obsolete information regarding Bally's involvement with the A's Las Vegas Ballpark. First, Bally's has never planned to financially support the ballpark development. Their role is developing the infrastructure including a hotel/resort. Second, Bally's financial problems predated their $4.6B acquisition by hedge fund Standard General in February 2025.
Soo Kim, Standard General managing partner, said in July 2024: “The transaction provides Bally’s stockholders with a significant cash premium along with certainty of value for their investment or, if they elect to retain their shares, the opportunity to participate in the longer-term growth prospects of our expanded portfolio and significant development pipeline.
https://next.io/news/investment/ballys-completes-4-6bn-standard-general-takeover/
