#Chicago City Council

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Park Lawn Queen Of Hearts Keeps Rolling With Jackpot At $230,000

OAK LAWN, IL - Fog did not deter the faithful who gathered Wednesday at At The Office Bar and Grill in Crestwood for the Park Lawn Queen of Hearts Raffle. The jackpot going into Wednesday's drawing was just a few hundred dollars shy of $230000 and climbing. Vicky C.'s ticket was pulled, who was actually present for the drawing and used a stamper to…
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Park Lawn Queen Of Hearts Keeps Rolling With Jackpot At $230,000
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Chicago Sun Times

Chicago casino poised for mid-September opening

First the barbecue, then the baccarat. Chicago's first casino could launch soon after Labor Day, if all goes well during practice gaming sessions set to take place shortly after the holiday at Bally's temporary Medinah Temple gambling hall. Regulators will inspect the River North operation Sept. 5 and oversee practice gaming sessions Sept. 6-7,…
Finance
Chicago casino poised for mid-September opening
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Illinois Finds Bally's Preliminarily Suitable For Chicago Casino

The Illinois Gaming Board unanimously voted Bally's "preliminarily suitable" at its Thursday meeting, a key step forward for the gaming company to build its $1.7 billion casino in the River West neighborhood of Chicago. The favorable vote was expected after the IGB had approved smaller related measures, including supplier contracts, as Bally's has…
Finance
Illinois Finds Bally's Preliminarily Suitable For Chicago Casino
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Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator

Bally's Corporation is moving forward with two major projects in two different US states, which involve the Tropicana acquisition in Las Vegas, Nevada, and Chicago's first casino project, in Illinois. On the Nevada front, the company said it will, announced in April last year, at the end of September. Nevertheless, Bally's executives said in…
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Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator
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Chicago Officials Give Final Approval to Bally’s Casino Complex in River West

The Chicago City Council voted 39-5 to approve plans to transform the home of the Chicago Tribune's printing plant and newsroom into a $1.74 billion Bally's casino and resort on 30 acres in River West. The proposal still needs the support of the Illinois Gaming Board, which must license Bally's to operate the casino before work can begin along the…
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Chicago City Council Approves Bally's $1.7 Billion Casino Plan

Bally's took another crucial step forward in its efforts to build a $1.7 billion casino in downtown Chicago on Wednesday when the full city council approved its proposal for the River West neighborhood. The 39-5 vote, with five absent and one recusal, came after the city's plan commission and zoning committee each approved the amended proposal on…
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Chicago City Council Approves Bally's $1.7 Billion Casino Plan
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Bally’s Casino Complex Proposal Set for Final Vote by Chicago City Council

Joining "Chicago Tonight" to discuss upcoming City Council votes are Ald. Byron Sigcho-Lopez (25th Ward), Ald. Pat Dowell (3rd Ward) and Ald. Walter Burnett Jr. (27th Ward). (Produced by Alexandra Silets) Efforts to transform the home of the Chicago Tribune's printing plant and newsroom into a $1.74 billion Bally's casino and resort is one step…
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Bally’s Casino Complex Proposal Set for Final Vote by Chicago City Council
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Bally’s To Close On $200M Casino Site Purchase

Bally's is on track to close its deal to buy the Freedom Center printing plant site for its Chicago casino by Thanksgiving, and will likely pursue a ground lease with an investor to raise money for the project. The entertainment company is set to buy the 30-acre River West property from Nexstar Media Group for $200 million, the Chicago…
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Bally’s To Close On $200M Casino Site Purchase
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Bally's Submits Application For Downtown Chicago Casino License

Bally's formally submitted its application for a casino license to the Illinois Gaming Board on Wednesday, seeking to build a $1.7 billion venue in the River West neighborhood of the third-largest city in the United States. If the IGB approves the application, Bally's would operate a temporary casino at Medinah Temple in nearby River North while…
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Bally's Submits Application For Downtown Chicago Casino License
Herald & Review

Bally's pays Chicago $40 million upfront fee for new casino

Money from Chicago's new casino already is rolling in years before the $1.74 billion gaming and entertainment destination even is constructed northwest of the Loop. Rhode Island-based Bally's Corp. this week paid $40 million to Chicago in accordance with the casino development agreement recently inked between Bally's and the city. The money is…
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Bally's pays Chicago $40 million upfront fee for new casino
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Bally's pays Chicago $40 million up-front fee for new casino

Money from Chicago's new casino already is rolling in years before the $1.74 billion gaming and entertainment destination even is constructed northwest of the Loop. Rhode Island-based Bally's Corp. this week paid $40 million to Chicago in accordance with the casino development agreement recently inked between Bally's and the city. The money is…
Law
Bally's pays Chicago $40 million up-front fee for new casino
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Bally’s hits the jackpot with approval for $1.7 billion casino plan for River West

The Bally's Corporation proposal to build a casino/entertainment venue in River West was officially given the go-ahead on May 25 by the Chicago City Council, reported Urbanize Chicago. Bally's $1.7 billion plan is welcome news for most, as Mayor Lori Lightfoot has worked to bring a casino into Chicago as a new revenue stream to bridge the gap for…
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Illinois Policy

Chicago casino revenue doesn’t address 91% of city pension debt

The Chicago City Council approved a $1.7 billion casino in a 41-7 vote May 25. The River West development is being touted as a pension solution, but even the highest projections show only a drop in the bucket. "This one casino project will pay for approximately 9% of our $2.3 billion pension contribution and reduce the likelihood that the city will…
Finance
Chicago casino revenue doesn’t address 91% of city pension debt
Illinois Policy

Chicago’s “pension solution” casino doesn’t address 91% of pension debt

The Chicago City Council approved a $1.7 billion casino in a 41-7 vote May 25. The River West development is being touted as a pension solution, but even the highest projections show only a drop in the bucket. "This one casino project will pay for approximately 9% of our $2.3 billion pension contribution and reduce the likelihood that the city will…
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Chicago’s “pension solution” casino doesn’t address 91% of pension debt
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Bally's Corporation River West Casino Project Approved, Chicago

The River West casino and entertainment venue proposed by Bally's Corporation has been approved by the Chicago City Council. The US$ 1.7 billion project will replace the Chicago Tribune printing factory on the west bank of the Chicago River between W. Chicago Avenue and W. Grand Avenue. The process has been years in the works, with mayor Lori…
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Bally's Corporation River West Casino Project Approved, Chicago
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Chicago City Council Approves Bally's $1.7bn Casino Plan

It appears that Chicago will soon have its first-ever casino after the City Council gave the Bally's project its support. Following a 41-7 council vote on Wednesday in favor of the casino project proceeding, the final step is for the Illinois Gaming Board to approve the casino. despite some alderpeople and local residents airing their concerns The…
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Chicago City Council Approves Bally's $1.7bn Casino Plan
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Chicago City Council Votes 41-7 to Approve Bally’s River West Casino

The Chicago City Council voted 41-7 on Wednesday to go all in on a plan from Bally's to build a casino in River West, capping a 30-year odyssey and handing Mayor Lori Lightfoot a significant victory as she prepares to run for a second term as Chicago mayor. The $1.73 billion proposal now heads to the Illinois Gaming Board, which must license…
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Chicago City Council Votes 41-7 to Approve Bally’s River West Casino
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City Council endorses Bally's $1.7 billion Chicago casino plan

The Chicago City Council overwhelmingly agreed Wednesday to support a plan by Rhode Island-based Bally's Corp. to construct and operate a $1.7 billion casino, hotel and entertainment facility northwest of the Loop, near the southern tip of Goose Island. The Democratic-controlled council voted 41-7 to endorse Mayor Lori Lightfoot's recommendation…
Politics
City Council endorses Bally's $1.7 billion Chicago casino plan
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Chicago Sun Times

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

Chicago's 30-year quest for a casino and entertainment complex is drawing to a close, amid hopes it will produce the jackpot needed to bail out police and fire pension funds. Less than three weeks after Mayor Lori Lightfoot put her chips on Bally's $1.7 billion River West bid, the City Council authorized Bally's to build a permanent casino at…
Law
Chicago City Council approves Bally’s $1.7 billion casino in River West
Little Village Magazine

Cedar Rapids' chance for a casino will be blocked by surprise amendment to gambling bill

Cedar Rapids' latest attempt to add a downtown casino encountered an unexpected problem on Monday, when the Iowa Legislature approved a bill with an amendment that prohibits the Iowa Racing and Gaming Commission (IRGC) from issuing any new casino licenses before June 30, 2024. "This is incredibly unfair," Cedar Rapids Democrat Rep. Kirsten…
Law
Cedar Rapids' chance for a casino will be blocked by surprise amendment to gambling bill
WTTW

Chicago Casino Plan Poised for Approval Later This Week After Initial City Council Vote

Mayor Lori Lightfoot's decision to tap Bally's to build a casino in River West won the approval of 27 members of the Chicago City Council on Monday, setting the $1.73 billion proposal up for a final vote on Wednesday. Only three members of the special City Council committee created by Lightfoot to consider the casino proposal voted against the…
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Chicago Casino Plan Poised for Approval Later This Week After Initial City Council Vote
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Illinois Casino Revenue Surges To $122 Million For April

As a vote nears on whether the Chicago City Council will present Bally's to the Illinois Gaming Board as its applicant for a downtown casino license, the state's venues already in play posted revenue gains for a third consecutive month in April, ending up at $122.4 million. The revenue figure is a 15.9% improvement on March's total of $105.7…
Finance
Illinois Casino Revenue Surges To $122 Million For April
WTTW

Lightfoot’s Casino Pick Not a Done Deal, City Council Members Say

Video: Alderpeople Jeanette Taylor, George Cardenas, Jason Ervin, and Walter Burnett join "Chicago Tonight" to discuss the proposal for a Chicago casino. (Produced by Blair Paddock) Mayor Lori Lightfoot wants the Chicago City Council to go all-in on her decision to tap Bally's to build a casino in River West in two weeks - but several members of…
Politics
Lightfoot’s Casino Pick Not a Done Deal, City Council Members Say
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Mayor Lori Lightfoot’s Casino Pick Gets Cool Reception from Chicago City Council Members

Members of the Chicago City Council gave Mayor Lori Lightfoot's decision to place a high-stakes bet on Bally's to build a casino in River West a cool reception on Monday, even as the mayor's team urged them to quickly approve the proposal and avert massive property tax hikes. While members of the Lightfoot administration touted the proposal from…
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Mayor Lori Lightfoot’s Casino Pick Gets Cool Reception from Chicago City Council Members
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Bally Stock: Chicago Casino Win Could Be Okay (NYSE:BALY)

Were this forty years ago, news of a casino operator winning a bid for developing a property inside or near a major metro area would be enough to send its stock skyrocketing beyond any rational measure of its real world potential. This is precisely what happened when the sector exploded after New Jersey legalized casinos in 1976. First out of the…
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Bally Stock: Chicago Casino Win Could Be Okay (NYSE:BALY)
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Bally’s Is Winning Bidder for Chicago's First Casino License

Bally's Corporation is the successful candidate for the first-ever Chicago casino license. Chicago Mayor Lori Lightfoot announced the selection on Thursday after rumors had made the rounds for a number of days that Bally's was her preferred option over two competing bids. The Chicago City Council still needs to give its seal of approval to Bally's.…
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Bally’s Is Winning Bidder for Chicago's First Casino License
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Chicago Casino Plans Hit Some Hurdles on Final Stretch

Local residents have expressed concerns about the development proposals for a casino in Chicago. [Image: Shutterstock.com] As three finalists battle it out for the chance to develop Chicago's first casino, they are facing some opposition from local residents. Community meetings have taken place, allowing the public to share their thoughts on the…
Covid
Chicago Casino Plans Hit Some Hurdles on Final Stretch
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Hammered by Complaints, Push for Chicago Casino Faces Bumpy Final Stretch

None of the Chicago casino finalists rolled double sixes at community meetings staged by Mayor Lori Lightfoot, complicating the future of the gaming palace and entertainment district officials contend is key to the city's financial future. While city officials touted the meetings as a chance for Chicagoans to weigh in on the three finalists…
Covid
Hammered by Complaints, Push for Chicago Casino Faces Bumpy Final Stretch
NBC Chicago

Residents Weigh In on Finalists for Billion-Dollar Chicago Casino Project

Chicago residents are weighing in on proposed locations for a new casino in the city as public meetings are held for each of the finalists. Beginning Tuesday and continuing through Thursday, the city will hold community engagement meetings for Bally's Tribune, Hard Rock and Rivers 78. The meetings will be livestreamed, and in-person priority will…
Sports
Residents Weigh In on Finalists for Billion-Dollar Chicago Casino Project
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Bally's, Hard Rock, Rush Street pitch 5 Chicago casino bids to public; Mayor weighs financial viability

Bally's, Rush Street Gaming and Hard Rock International presented five competing bids for a permanent Chicago casino to the public during a marathon meeting Thursday, attended by Mayor Lori Lightfoot, who said she wants the winner to be financially viable, architecturally stunning and be guided by the principles of inclusion and equity. The major…
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Bally's, Hard Rock, Rush Street pitch 5 Chicago casino bids to public; Mayor weighs financial viability
World Casino News

Plans for a Chicago casino being considered

As part of the campaign to bring a large casino to downtown Chicago and a trio of companies have reportedly submitted five proposals that are to now be considered by the office of mayor Lori Lightfoot (pictured). According to a Thursday report from local television broadcaster WGN-TV, the competing propositions have been officially presented by…
Politics
Plans for a Chicago casino being considered
WTTW

3 Firms Bid to Build a Casino-Resort in Chicago: Officials

Three firms want to build a casino and resort in Chicago, Mayor Lori Lightfoot's office announced Friday. Rush Street Gaming, led by Chicago billionaire and Rivers Casino Des Plaines operator Neil Bluhm, submitted two separate bids - one for a casino and resort at McCormick Place and the other south of the Loop on vacant land between the South Loop…
Industry
3 Firms Bid to Build a Casino-Resort in Chicago: Officials
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Chicago Casino is Failing to Attract Big Vegas Operators

Major Las Vegas casino operators do not appear to be interested in developing the first-ever casino in downtown Chicago. Companies originally had until August 23 to submit proposals for this project, a deadline Mayor Lori Lightfoot has extended to October 29. The Las Vegas Strip's four biggest operators - Wynn Resorts, Las Vegas Sands, Caesars…
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Chicago Casino is Failing to Attract Big Vegas Operators
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