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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 […]
Industry
December 3, 2024
Man Drives SUV Off Casino Parking Garage Roof in Evansville
A guy in Evansville, Indiana, is in big trouble after a strange and damaging event at Bally’s Casino. Police say Jeremiah Oldham drove his SUV off the seventh floor of the casino’s parking garage on Monday morning. His vehicle crashed into the roof of the nearby Executive Conference Center. Man Charged with Felonies After High-Speed […]
Casino
November 26, 2024
Car Falls Through Bally’s Evansville’s Roof
An incident has occurred at Bally’s Evansville Casino & Hotel, resulting in the injury of at least one person. According to reports, a part of the building’s roof collapsed after a falling vehicle landed on it. A Car Fell Through the Roof According to reports, a car fell through a multi-story parking garage, landing on […]
Business
November 20, 2024
Bally’s Shareholders Say Yes to Standard General Takeover
In July, the global casino-entertainment company with a growing omnichannel presence of online sports betting and iGaming offerings, Bally’s Corporation, agreed to a $4.6 billion acquisition by the hedge fund that “pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies,” Standard General. Under the terms, the New York City-based hedge fund, […]
Casino
November 7, 2024
Bally’s Q3 2024 Shows Slight Revenue Drop, Yet Strong Market Position Remains
Bally’s Corporation has shared its financial results for the third quarter of 2024 showing a small drop in revenue but keeping its market strength amid ongoing growth and hurdles. Bally’s Reports $630M Q3 Revenue, Highlights Growth Amid Mixed Regional Results The casino and entertainment company reported total revenue of $630 million for the three months […]
Business
November 4, 2024
Bally’s Unloading Asia Digital Gaming Division
A Form 8-K filing with the Securities and Exchange Commission has detailed the company’s plans for its Asian gaming division, with the company not expecting the deal to have a “neutral” impact on its earnings before interest, taxes, depreciation, and amortization or EBITDA. Bally’s Sheds Asian Business to Refocus Operations Bally’s is selling the division […]
Casino
October 28, 2024
College Township Prepares Impact Study for Nittany Mall Casino
College Township is taking proactive steps to assess the potential effects of the upcoming Nittany Mall mini-casino by initiating a comprehensive impact study. The $120 million casino, opening in 2026, will house 750 slot machines, 30 table games, and a sportsbook in the State College area, necessitating a thorough understanding of the development’s social and […]
