Executives said they were in a holding pattern for-or “eagerly awaiting” as CEO Robeson Reeves put it-Major League Baseball’s impending vote on potential relocation of the Oakland Athletics to Las Vegas. Nothing was said about Atlantic City, but the Las Vegas underperformance was attributed to uncertainty about the Tropicana’s future, as well as the defection of customers and employees to rival casinos, due to that uncertainty.
The Indiana casino was negatively impacted, according to Bally’s execs, by historical-horse-racing machines proliferating in Kentucky. Las Vegas, Atlantic City, and Evansville were all identified as soft spots in the company’s financial performance. We remain confident in our expectations” of $50 million a year in cash flow from the temporary, which will operate through September 2026. Bally’s President George Papanier started by blaming Illinois regulators for “a three-month delay” in opening the temporary, before praising “trending volumes on a week-over-week basis.
