Bally's Unveils $6.5B Vegas Resort, Blending Luxury and Sports
Bally's Corporation has unveiled plans for Bally's Las Vegas, a new entertainment resort set to transform the former Tropicana Las Vegas site along the iconic Las Vegas Strip. The project, a joint venture between Bally's Corporation, JLL, Marnell, and Major League Baseball, will share a 35-acre campus with the upcoming Las Vegas Athletics MLB ballpark.
The original Tropicana Las Vegas was demolished in October 2024 to pave the way for this ambitious new project. Bally's Corporation, leasing the property from Gaming and Leisure Properties Inc. for $10.5 million per year, is leading the development. The company's chairman, Soo Kim, has hailed it as a 'once-in-a-generation opportunity' to redefine the heart of the Las Vegas Strip.
Plans for Bally's Las Vegas are extensive. The resort will feature two luxury hotel towers housing 3,000 rooms, a 2,500-seat entertainment venue, and over 500,000 square feet dedicated to retail, dining, and entertainment spaces. Guests will enjoy exclusive VIP access to the Las Vegas Athletics MLB ballpark, which will neighbour the resort. The project is currently undergoing entitlement reviews by Clark County, with construction slated to commence in the first half of 2026.
Bally's Las Vegas promises to be a game-changer for the Las Vegas Strip, seamlessly blending sports and entertainment. With its luxurious accommodations, state-of-the-art facilities, and prime location, the resort is set to attract visitors from around the world. The completion of this project will not only enhance the Las Vegas experience but also strengthen the city's position as a premier global destination.
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