Funding Issues Likely To Delay Bally's Properties At Vegas Ballpark

Reports indicate that Bally's Corporation's casino hotel and retail shops intended for the Las Vegas Athletics stadium complex may not be completed by MLB's Opening Day in 2028. This contradicts earlier statements from Bally's CFO Mira Mircheva, who had affirmed the company's expectation to open retail establishments concurrently with the stadium's unveiling.

Steve Hill, CEO of the Las Vegas Convention and Visitors Authority, stated that Bally's currently does not have the necessary financing in place for the project. Hill, who also chairs the Las Vegas Stadium Authority, noted these financial concerns after Bally's had been expected to invest over $1 billion into the entertainment and resort complex, which was to include two new hotel towers.

The stadium authority has set an August deadline for Bally's to provide a solution to these funding issues. The Athletic's franchise, already committing $1.1 billion to the stadium's construction, may now incur additional costs ranging from $60 million to $100 million to cover amenities such as a parking structure. Further expenses could arise for a utility plant, a scaled-down plaza, and stadium entrance, amplifying the project's overall cost, which has already escalated from an initial $1.5 billion to over $2 billion.

Bally's is also managing several other large-scale projects, including the completion of a $1.7 billion permanent casino and hotel in Chicago, slated to open later this year. Additionally, the company secured one of three downstate casino licenses in New York City in December for a $4 billion casino in the Bronx. In Australia, Bally's acquired a 38% stake in Star Casinos in 2025 following a $300 million cash infusion.