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Casino
June 12, 2025
Bally’s Bronx Casino Bid Clears Key Hurdle with Boost from NYC Mayor
New York City Mayor Eric Adams stepped in at a critical time to help secure a crucial City Council vote. This vote might open the door for Bally’s Corporation to construct a big casino on the site of a former Trump-branded golf course in the Bronx. Despite Opposition, Council Approves Measure Aiding Bally’s Casino Proposal […]
Casino
June 10, 2025
Bally’s Settles Lawsuit Filed by Two White Men over IPO
Bally’s and the city of Chicago have finally settled a lawsuit filed by two white men who alleged that the company had unfairly barred certain groups of people from participating in the company’s proposed initial public offering (IPO). White Men Are Discriminated Against, Plaintiffs Say The litigation brought by the Wisconsin Institute for Law & […]
Casino
May 29, 2025
New York City Council Halts Bally’s Bronx Casino Project
The New York City Council has stopped a plan to build a large Bally’s casino complex in the Bronx. Speaker Adrienne Adams and the Council chose not to vote on a crucial bill that would have pushed the project forward. This pause leaves the casino proposal uncertain just weeks before an important state deadline. Plans […]
Business
May 27, 2025
The Star Entertainment Encourages Shareholders to Approve Bally’s Proposal
As The Star Entertainment Group’s next General Meeting approaches, the company asked its shareholders to consider Bally’s Corporation’s proposed takeover. The company leadership encouraged investors to greenlight the deal, highlighting that no better opportunity exists at the moment. The Star Shareholders to Vote on Bally’s Proposal In an ASX release published yesterday, The Star Entertainment […]
Casino
May 15, 2025
Bally’s Remains Confident about Future of Star Entertainment
Bally’s Corp’s play for Star Entertainment has been a well-weighted decision, argues the company’s boss, Robeson Reeves, who took the opportunity to comment on the recent investment in the operator, with the company coughing up $129 million in April to prop up the cash-strapped hospitality giant. Bally’s is Optimistic about Star Entertainment’s Fortunes Despite Difficulties […]
Industry
April 24, 2025
Bally’s Chicago IPO Faces Legal Challenges
Bally’s Corporation has published an update on its Chicago Casino plans, warning that the planned initial public offering faces certain legal headwinds, which could incur “significant costs.” Many Are Unhappy with the Offering’s Restrictions For context, the development of Bally’s Chicago Casino has long been marred by certain financial concerns. Because of that, the company […]
Industry
April 23, 2025
Bally’s Saves NY School from Closure as License Race Continues
Bally’s Corporation has agreed to purchase Preston High School, a Catholic all-girls high school in the Bronx, saving it from certain closure. This philanthropic act comes as the American casino operator continues its fight for one of the three downstate New York casino licenses. Bally’s Purchased the Property for $8.5М On April 22, Bally’s Foundation, […]
Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Business
April 1, 2025
Bally’s Gets New Rating Blow Because of Chicago Project
Bally’s Corporation is facing yet another financial setback as a leading Wall Street ratings agency has downgraded its credit once more. Award-winning provider of “credit ratings, commentary, and research,” Fitch Ratings, announced it dropped Bally’s rating from “B” to “B-” due to “execution risk in the development of the Chicago projects,” along with a series […]
