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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 & […]
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
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 […]
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 […]
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
July 31, 2024
Bally’s Joins IBIA, Allows Firefighters to Train at Chicago Casino Site
Bally’s Corporation has become the latest member of the International Betting Integrity Association (IBIA), highlighting its commitment to the highest integrity standards. In addition, the company allowed firefighters to use the site of its upcoming casino in Chicago for training purposes. Bally’s Joins the IBIA As a member of the IBIA, Bally’s will join an […]
Casino
July 12, 2024
Bally’s Corporation Secures $2B in Funding for Its Permanent Chicago Property
Bally’s Corporation has secured funding for its permanent casino in Chicago from Gaming and Leisure Properties thanks to a new lease arrangement. This will allow the former company’s property in the city to progress after a period of financial uncertainty. According to the announcement, an affiliate of Gaming and Leisure Properties agreed to acquire the […]
Industry
June 4, 2024
Chicago Man Employed by Sweepstakes Operator Sentenced to Federal Prison
A man from Chicago, Illinois, who was employed as a salesperson for an electronic sweepstakes kiosk operator, was recently sentenced to a year in federal prison over tax evasion. The case involves a 32-year-old male with the initials N.D., from Des Plaines, Illinois, who previously filed lawsuits against women from a Facebook group called “Are […]
Legal
April 23, 2024
Ex-Athlete Gets 2 Years in Prison for Running Illegal Betting
Michael Frontier, a former MMA fighter who became an illegal bookmaker, has been sentenced to two years in prison despite his claims that he is now a changed man, The Chicago Tribune reported. According to the lawsuit, the former athlete’s unlicensed gambling operation also had links with local Mafia groups. The 39-year-old, whose LinkedIn page […]
Industry
March 13, 2024
Judge Halts Trial against Chicago Sweepstakes Machine Company Owner
A lawsuit filed against the owner of a Chicago sweepstakes machine company, who faces accusations of an alleged loan extortion scheme, recently hit a snag after a witness in the trial mentioned organized crime, the Chicago Tribune reports. The case involves two Addison residents, Gene “Gino” Cassano, 55, as well as Gioacchino “Jack” Galione, 47. […]
