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Liquidity has been an issue for Bally¡¯s: in its Q3 2022 earnings statement, the company reported $3.4B in debt and only $165M in cash on hand. The transaction with Oak Street is the third sale-leaseback deal for Bally¡¯s this year.

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Additionally, let¡¯s presume our company has the means to achieve launch after an internal assessment showed the economic feasibility to do so. In other words, we have the financial means to accept the potential not to be profitable for a period of time after opening. To make money, you have to spend money.


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