Bally's issue going concern warning days after construction pause
The filing comes days after Bally's paused construction on all non-gaming areas of its riverfront casino.
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The filing comes days after Bally's paused construction on all non-gaming areas of its riverfront casino.
Bally's still expects their casino to open as scheduled in early 2027, saying, "Bally's Chicago remains well situated to continue delivering on its obligations."
Bally's still expects their casino to open as scheduled in early 2027, saying, "Bally's Chicago remains well situated to continue delivering on its obligations."
Twenty-seven members of the Chicago City Council signed a letter Wednesday demanding Bally's resume construction of its Chicago casino complex and called for a hearing after the company said it was "resetting" its pace over video gambling concerns.
Bally's is slowing construction on parts of its permanent Chicago casino development in the River West neighborhood, citing a growing dispute with the city over video gambling terminals.
Bally's said it's "resetting the pace of construction" on its permanent Chicago casino amid a dispute with City Hall over video gambling.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Bally's Chicago might not open its $1.7 billion permanent casino in the River West neighborhood in September as planned, and is seeking state permission to keep its temporary facility at Medinah Temple open up to as late as September 2027.
An immigrant seeking asylum in the U.S. said he won a jackpot at the Bally's temporary casino in downtown Chicago earlier this month, but he can't get paid because of his immigration status.
A man was stabbed outside the Bally's temporary casino Saturday evening in the River North neighborhood.
Bally's confirmed on Thursday morning that construction resumed.
The activists are worried about how plants and animals along the river could respond to what they worry could be toxic materials.
Crews began tearing down the Tribune Freedom Center printing plant in River West on Tuesday morning. Political Reporter Chris Tye reports.
The new $1.7 billion casino and hotel complex will be built at the site of the former printing facility at Halsted Street and Chicago Avenue. Political Reporter Chris Tye reports.
Bally's took possession of the River West property July 5.
Bally’s announced Friday that it has entered into a $940 million deal with Gaming and Leisure Properties Inc., a real estate investment trust, for essential funding for its casino at Halsted Street and Chicago Avenue. Sara Machi reports.
Despite expectations for construction to begin this summer on a permanent Bally's casino in Chicago, a groundbreaking won't actually be held until the fall.
Bally's noted that the Chicago casino was its only Illinois property to show month-over-month revenue growth, despite poor weather conditions.
Bally's noted that the Chicago casino was its only Illinois property to show month-over-month revenue growth, despite poor weather conditions.
"The city's budgeting for the casino has always been overly, wildly optimistic."
The money fell well short of expectations in Bally's first three months at their temporary site at The Medinah Temple in River North. CBS 2 Political Reporter Chris Tye digs into the numbers.
The start of a new 24-hour, seven-day-a-week schedule at Bally's casino in Chicago. It starts when the casino opens at 8 a.m.
Bally's plans to operate the temporary casino for up to three years while building a permanent casino in the River West neighborhood.
The temporary casino will be open while Bally's builds a permanent one at the Chicago Tribune printing plant in River West.
The temporary casino will be open while Bally's builds a permanent one at the Chicago Tribune printing plant in River West. That could take up to three years.
