“We've been having discussions with others with focus on other sites as well, so there could be some potential there,” Papanier said. Papanier mentioned media reports that Bally’s has been in talks with the Oakland A’s on how a Major League Baseball stadium could be incorporated into the site. “We're going to be patient about looking for the right project with the appropriate return for that market.” “We're not interested in duplicating other people's mistakes, and we have a long-term opportunity view on this investment,” Papanier said. The Rat Pack-era property sits on 34 acres that are controlled by real estate investment trust Gaming and Leisure Properties. He reiterated previous company commentary on last week’s fourth-quarter earnings conference call – Bally’s will take its time deciding how to redevelop the 1,500-room south Strip Tropicana. That doesn’t mean Las Vegas is an afterthought.īally’s President George Papanier said last week the Rhode Island-based casino company, which operates 15 casinos in 10 states, wanted a national presence, and having a location in Las Vegas was “a necessity.”
