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Business
March 11, 2025
Bally’s Corporation Highlights Commitment to Safer Gambling
Bally’s Corporation has unveiled a new initiative for Problem Gambling Awareness Month (PGAM), highlighting its desire to offer gambling safely and responsibly. The campaign aligns with other similar PGAM efforts to promote safer gambling and raise awareness of the responsible gaming tools available to the players. Bally’s Says Trust Is Earned Bally’s Corporation’s latest initiative […]
Business
March 10, 2025
Bally’s Steps in with AU$250M Offer to Help Star Entertainment
Shortly after announcing an agreement to sell half of the shares of its recently opened Brisbane casino at Queens’ Wharf, Australia’s troubled casino and entertainment operator, Star Entertainment, announced it has received a cash injection proposal from Bally’s Corporation. Bally’s Corporation Proposes an Alternative Path That May Benefit The Star Late last month, the former […]
Business
March 6, 2025
Bally’s Posts Mixed Q4, Cancels Earnings Call as Shares Plummet
Bally’s Corporation suddenly canceled its earnings call shortly after its stock’s value plummeted. The company’s Q4 report wasn’t very reassuring either, as EBITDA remained unimpressive across all segments, suggesting a troubled period for the American operator. The Earnings Call Was Canceled On March 5, Bally’s Corporation’s shares took a sudden dip, experiencing a 23.6% decline […]
Industry
March 4, 2025
Bally’s Hits Roadblock in $250M Chicago IPO
Bally’s bid to raise $250 million in an initial public offering (IPO) for its highly anticipated Chicago casino project has hit a significant roadblock. The setback has delayed the company’s inclusive equity commitments and fundraising goals, further complicating an already ambitious $1.7 billion development plan in River West. Chicago Mandated at Least a 25% Minority […]
Business
February 24, 2025
Report: Bally’s Considers Helping Star Entertainment Out
Bally’s Corporation is reportedly considering an investment in Star Entertainment Group. The Australian Financial Review (AFR) reported that representatives of the former company traveled to Australia to negotiate with representatives of Star Entertainment. Bally’s Might Be Interested in the Australian Casino Giant According to the AFR, the delegation to Australia was led by Bally’s chair […]
Business
February 10, 2025
Bally’s Wraps Up $4.6B Deal with Standard General
Bally’s Corporation has now sealed its much-awaited deal with Standard General and Queen Casino & Entertainment setting a new benchmark in the gambling world. The $4.6 billion transaction gives Standard General, already the biggest stakeholder in Bally’s, an even tighter grip on the casino company. Bally’s Finalizes Deal with Queen Casino, Issues $500M in Notes […]
Legal
January 31, 2025
Lawsuit Claims Bally’s Chicago IPO Discriminates White Men
The leading gaming and hospitality company, Bally’s Corporation, is in hot water in Illinois after a newly filed lawsuit alleges discrimination against White men for an investment opportunity. White Men Excluded from IPO Results in Lawsuit Filed with the US District Court Northern District of Illinois, the lawsuit names Bally’s Corporation and the City of […]
Casino
January 17, 2025
Mayor Brandon Johnson Opposes Bally’s $300M Tax Break for Chicago Casino
Bally’s Corporation aims to get a big tax break for its $1.7 billion River West casino project, but Chicago Mayor Brandon Johnson does not like this idea. The company’s plan, if it gets the green light, could lower Bally’s property tax bill by almost $300 million in the next ten years. Alderman Villegas Advocates for […]
Business
January 16, 2025
Bally’s Wants Huge Property Tax Cut for Chicago Casino & Resort
At the start of January, we reported on Bally’s Chicago’s freshest investment program to boost diversity and inclusion in its $1.7 billion casino and resort project. Then, the company announced it would allow investors to buy a 25% stake in the project. Now, the Rhode Island-based gambling company is looking to secure a significant property […]
Casino
January 2, 2025
Bally’s Chicago Opens Investment to Women and Minority Investors
Bally’s Chicago has rolled out an investment program to boost diversity and inclusion in its $1.7 billion casino and resort project, which is now being built in River West. The company is offering investors a chance to buy a 25% stake in the project, but this opportunity is open to women and minority investors. Bally’s […]