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Gambling¡¯s reach will continue to spread. Starr¡¯s Bankroll restaurant will no doubt be a hit. After opening a sportsbook at Chickie¡¯s and Pete¡¯s in Malvern, BetPARX is aiming to bring its Turf Club betting parlor to the Chickie¡¯s spot in South Philly.
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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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