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The Latest Breaking News from Bally

Afternoon Edition: May 3, 2022

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Bally’s River West casino plan expected to get mayor’s nod: sources

The city signaled in March that the proposal for the Chicago Tribune printing plant site at Chicago Avenue and Halsted Street was the frontrunner over two other finalists. An official choice could be announced as soon as Thursday.

Chicago Sun-Times

Las Vegas Strip Casino Landlord Talks Deal With Major Sports Team

Another major league sports team might be getting close to reaching an agreement to move to Las Vegas.

The Street

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Browns partner with Bally’s in advance of sports betting in Ohio

In advance of Ohio law going into effect, the Browns and Bally's interactive have announced their partnership:

USA Today Sports Media Group

Labor groups join aldermen in critique of casino plans over lack of living wage guarantees

The president of the Chicago Federation of Labor said none of the proposed casino operators has agreed to negotiate union contracts.

Chicago Sun-Times

Chicago casino sites gain critics on the City Council

More alderpersons — with Pat Dowell (3rd) the latest — object to plans in or near their wards after residents voice complaints at community hearings.

Chicago Sun-Times

Bally's Acquires 9% Stake In Snipp Interactive

Bally's Corp (NYSE:BALY) subsidiary has signed an agreement to invest $5 million in Snipp Interactive Inc (OTC:SNIPF). As part of the investment, Bally's will be entitled to nominate one director to Snipp's board of directors. Following completion of the Investment, Bally's is expected to own approximately 9% of the issued and outstanding common shares of…

Benzinga

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Bally’s claims casino would actually reduce traffic — but River West residents say don’t bet on it

Rhode Island-based Bally’s Corporation pitched its plan for a sprawling gambling complex on a 30-acre plot near Halsted Street and Chicago Avenue, which is currently home to the Chicago Tribune’s printing plant — and the source of traffic headaches on a daily basis.

Chicago Sun-Times

Between a rock and a Hard Rock place? Casino developer hears resident gripes about traffic, crime — and looming ‘millstone’

Developers of the proposed Hard Rock Chicago casino were met by hundreds of South Loop residents concerned about more traffic, crime and noise in the neighborhood — and the prospect of another massive development next door.

Chicago Sun-Times

There’s a new hot hand in the casino stakes

With two sites involving McCormick Place now eliminated, the city has emphasized parameters that could favor one of the remaining proposals.

Chicago Sun-Times

Heat: Decision not to air bench incident our call, not Bally Sports’

MIAMI — The Miami Heat confirmed Thursday to the Sun Sentinel that it was the team’s decision, and not the decision of broadcast-rights holder Bally Sports Sun, to elect not to show the third-quarter altercation on the team’s bench during Wednesday night’s loss to the Golden State Warriors at FTX…

Tribune News Service

Casino should create wealth for minority investors, not diminish it

The Bally’s Corp. agreement reportedly allows them to diminish and potentially erase any profits that minority investors would make compared to other owners.

Chicago Sun-Times

City winnows casino bids down to three. Now the real work begins

A winning proposal won’t be named for a few months. The mayor and her team will have their hands full if they — as they should — make maximum use of that time to ensure taxpayers come out aces on this deal.

Chicago Sun-Times

Afternoon Edition: March 22, 2022

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

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Chicago Sun-Times

Lightfoot cuts Chicago casino hand to three finalists — tosses two McCormick proposals to the discard pile

While the mayor had previously said she wanted to pick one finalist by the end of March to recommend to state regulators who have the final say on issuing a casino license, officials now say that decision won’t be made at least until early summer.

The Street

Caesars Likely to Sell an Iconic Las Vegas Strip Casino

The casino operator plans a move that may surprise MGM (and the rest of its rivals).

The Street

Controversial Las Vegas Strip Casino Operator May Make a Big Change

The company operates casinos on the Las Vegas Strip as well as all over the country while also owning Barstool Sports.

Chicago Sun-Times

Bally’s has gone ‘above and beyond’ to support minority investors

Whichever casino bid is chosen, the City of Chicago must be intentional in offering investment opportunities for people of color. Bally’s Chicago has supported minority investors by offering them access to capital and liquidity.

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Chicago Sun-Times

Some Las Vegas Strip casinos to get new facades, familiar names

Caesars Entertainment Inc., owner of the venerable Bally’s Las Vegas, announced it plans to rename its heart-of-the-Strip towers the Horseshoe Las Vegas.

Chicago Sun-Times

McCormick Place CEO warns of casino impact

Any plan to convert parts of the convention campus for gambling could hurt operations and push some shows out of town, Larita Clark told the board of the Metropolitan Pier and Exposition Authority.

The Street

Another Iconic Las Vegas Strip Casino Likely to Be Demolished

First MGM's Mirage got sold, then Caesars said it would rebrand Bally's, and now another iconic hotel may be knocked down.

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