David Katz's questions to Bally's Corp (BALY) leadership • Q1 2024
Question
David Katz from Jefferies asked for the long-term vision for Bally's North American Interactive business and inquired about the timeline for finalizing development plans for the Tropicana site in Las Vegas.
Answer
CFO Marcus Glover explained that the North American Interactive strategy is focused on iGaming, using online sports betting (OSB) as a funnel, with a prudent approach to reinvestment. CEO Robeson Reeves added that the North American market requires less human overhead than the U.K., making scale less critical. Regarding the Tropicana, Executive Charlie Diao stated there is 'no urgency' to finalize plans, as the option value of the land increases closer to the A's stadium completion in 2028, and delaying maximizes that value.