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The Latest Breaking News from Bally

Bally’s buys Freedom Center for $200 million, taking ownership of Chicago Tribune printing plant and future site of casino

CHICAGO — Bally’s completed its $200 million purchase of the Freedom Center printing plant Friday, paving the way to build Chicago’s long-sought and much-debated casino.

Chicago Tribune

Marquee Sports Network ratings have dropped 56% since its launch. Here’s how the Chicago Cubs’ cable TV home is faring in Year 3

CHICAGO — When the Chicago Cubs launched the Marquee Sports Network in February 2020, it was the culmination of a decade-long quest to create a dedicated 24/7 cable TV platform for the team, which was still soaring in the wake of its first World Series championship in more than a…

Chicago Tribune

2,200 housing units near casino site get plan commission’s OK

The long-term proposal would bring investment to an area of small commercial buildings just west of the Chicago Tribune site.

Chicago Sun-Times

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NJ casino, sports betting, online revenue up 7% in September

New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won nearly $485 million from gamblers in September, up nearly 7% from a year earlier

The Independent UK

Bally’s-commissioned traffic study gives house an unfair advantage

An independent study examining a temporary casino at River North is needed.

Chicago Sun-Times

A’s, Oakland miss key ballpark deadline; talks continue in Vegas

A key deadline to keep hope alive for Oakland officials and the Athletics to reach agreement on a new Bay Area ballpark by year’s end has come and gone.

Tribune News Service

Medinah Temple casino won’t have big impact on River North traffic, says report; alderperson dismisses it as ‘thin gruel’

Ald. Brendan Reilly has led opposition against Mayor Lori Lightfoot’s plan for a temporary gambling house in his ward, and he’s skeptical of the traffic study, which was commissioned by Bally’s.

Chicago Sun-Times

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Kim Kardashian Culls Dolce & Gabbana Archives for Milan Show

Kim Kardashian took Milan by storm on Saturday, curating a new collection for Dolce & Gabbana that took inspiration from 20 years of archival looks. It was a day of debuts in Milan, including Maximilian Davis, a 27-yeaer-old British designer with Afro-Caribbean roots, at the creative helm of Salvatore Ferragamo…

Asharq Al-Awsat

Fendi, Diesel Open Milan Fashion Week with Sense of Renewal

Milan Fashion Week opened Wednesday with a sense of renewal. Milan's five-day calendar returned to near pre-COVID-19 levels with 68 runway shows, 104 presentations and 30 events. A crop of new designers appeared, including many of color, for perhaps the most diverse week of Milan fashion shows ever. Among the…

Asharq Al-Awsat

Milan Fashion Week hears calls for more designer diversity

The Milan Fashion Week opening Wednesday celebrates perhaps its most diverse season ever

The Independent UK

No women or minorities now run Atlantic City casinos

With the departure of the head of the Tropicana, none of Atlantic City’s nine casinos is now led by a woman or a Black person

The Independent UK

Downtown casino plan has a surprising ally: Chicago River lovers

The formerly filthy river is becoming a big attraction — and developers like Bally’s are taking notice.

Chicago Sun-Times

Before we get a Chicago casino, let’s protect families from gambling addiction

The state gaming board will be looking at logistics and security plans, but they should also look at how Bally’s will ensure that more people, especially poor people, do not become addicted to gambling.

Chicago Sun-Times

Bally’s files application with state for first Chicago casino

Bally’s filed its application with the Illinois Gaming Board on Wednesday, taking a major step in the process to build Chicago’s first casino and the flagship property for its fast-growing company.

Chicago Tribune

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Chicago Sun-Times

Bally’s play for long-awaited Chicago casino now up to state regulators — but hopes to open temporary site next year face long odds

Bally’s has filed its application with the Illinois Gaming Board seeking approval for a $1.7 billion riverfront casino-resort. The city is hoping a temporary casino can open by next summer. But the board has up to a year to review the application, with the possibility of an extension beyond that.

Chicago Sun-Times

City’s budget forecast includes $42.7 million increase in property taxes

The proposed increase would cost the owner of a home valued at $250,000 just $34 more a year, Mayor Lori Lightfoot said, “about the price of an Al’s Italian beef — hot, dipped, with extra cheese — for a family of four.”

Chicago Sun-Times

Community meeting aims to ease fears about Medinah Temple’s temporary future as casino

‘The Las Vegas strip is not going to be on your doorstep,’ said Mayor Lori Lightfoot’s Chief Engagement Officer Martina Hone.

Chicago Sun-Times

Bally’s, praised by labor here, faces strike threat in Rhode Island

The winner of the Chicago casino bid, who promised good labor relations here, nearly had to contend with a walkout over the July 4 weekend at its operation outside Providence.

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Benzinga

Why Bally's Shares Are Surging Today

Bally's Corp (NYSE:BALY) has launched a modified "Dutch auction" tender offer to purchase its common shares for cash at not less than $19.25/share and not more than $22/share, with a maximum purchase price of $190 million. The tender offer begins today and will end on July 22, 2022. Bally's determined to pursue the…

Chicago Tribune

Casino developer makes $40 million ‘down payment’ as promised — a small dent in Chicago's pension bills

CHICAGO — Bally’s, the casino operator chosen to bring a gambling mecca to Chicago’s River West neighborhood, has made its initial $40 million payment to the city — money that is earmarked to help fill massive pension holes in future budgets.

Chicago Sun-Times

River North group wants better infrastructure around proposed casino, but who pays?

The organization’s request possibly hints at a broader issue: That the casino site could prove to be a potential time bomb of hidden public infrastructure costs.

Chicago Sun-Times

River North group demands changes to make Bally’s casino more palatable

The River North Residents Association issued a wish list divided into eight categories. The most costly asks are infrastructure projects — led by the proposed Jefferson Street extension and construction of entrance and exit ramps off the Ontario-Ohio feeder.

Chicago Sun-Times

Creating ‘Din City’ anywhere along Chicago River is wrong move

As part of the Bally’s casino plan, the wholesale adoption of outdoor entertainment venues on a large scale flies in the face of well-thought-out guidelines concerning Chicago River development.

Chicago Sun-Times

Afternoon Edition: May 25, 2022

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

Chicago Sun-Times

City Council approves Bally’s $1.7 billion casino in River West

The plan for a casino along the Chicago River passed 41-7, but not before a screaming match between Mayor Lori Lightfoot and Ald. Byron Sigcho-Lopez, who accused her of being “more worried about campaign contributions than doing the right thing for the city of Chicago.”

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