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YOU WONT BELIEVE: 7 | Mind Blowing Facts

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.”

Chicago Sun-Times

Casino plan moves forward, but deal still has too many lingering questions

Bally’s is not contractually obligated to meet its own revenue projections. The Lightfoot administration agreeing to this reeks to us of haste and desperation.

Chicago Sun-Times

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$1.7 billion Bally’s Chicago casino clears key hurdle

Thanks to a push from organized labor, a special City Council committee approved an ordinance authorizing Bally’s to build a $1.7 billion permanent casino in River West, preceded by a temporary home at Medinah Temple.

Chicago Sun-Times

Lightfoot rushing to get City Council approval of Bally’s casino bid next week

It’s an unusual timeline for any legislation to move through the council, and unnecessary at that, said Ald. Brian Hopkins (2nd), who vehemently opposes Bally’s proposal to break ground at Chicago Avenue and Halsted Street.

Chicago Sun-Times

Bally’s to chip in $2 million annually for public safety around temporary casino site — ‘totally insufficient,’ opponents say

With crime among the top concerns of a vocal contingent of neighbors vehemently opposed to the development, the $2 million is meant to bolster security around the temporary site at a River North intersection that already has entrenched crime issues, opposing Ald. Brendan Reilly (42nd) has said.

Chicago Sun-Times

New music venue at former Morton Salt site clears key hurdle

Creating an ‘outdoor entertainment venue liquor license’ is a big step toward holding concerts this summer at the former Morton Salt facility, 1357 N. Elston Ave. But two alderpersons are a little salty about the prospect.

Chicago Sun-Times

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Lightfoot pushing for Friday vote on casino ordinance and host agreement with Bally’s authorizing River West casino

Zoning Committee Chairman Tom Tunney (44th), who doubles as the casino committee chairman, said he is not at all certain that the votes are there to approve the companion agreements. “There’s still a lot of work to be done. I don’t know if we can get it done by Friday.…

Chicago Sun-Times

Chosen casino developer lays out his cards — but wary residents would rather Bally’s folds its hand

Soo Kim, CEO of Bally’s Corp., joked that after gaining Mayor Lori Lightfoot’s backing to build a casino at Chicago Avenue and Halsted Street, “it would be easier for me to be hiding in some dark, smoky room. I’m here in person telling you that we’re going to keep our…

Chicago Sun-Times

Don’t let the door hit you in the ...

Boeing is not the kind of company we want to keep.

Chicago Sun-Times

Chicago rolls the dice on Bally’s. Hedge fund owner Soo Kim says the rebranded casino company will deliver

CHICAGO — When Mayor Lori Lightfoot named Bally’s the winner of a yearlong vetting process Thursday, it ended an intense competition that saw five proposals from four development teams narrowed down to one Chicago casino.

Chicago Tribune

Bally’s boss promises casino will showcase ‘authentic’ Chicago

Voicing no concern about violence or rising costs, Soohyung Kim also said city is urging him to put a temporary gaming center in Medinah Temple.

Chicago Sun-Times

Reilly condemns 11th-hour ‘switcheroo’ to Medinah Temple as site for temporary casino

“We’re already struggling with a major crime problem in this area of River North. To layer this on top ... you’re giving the police department an assignment they don’t have the resources to handle,” Ald. Brendan Reilly (42nd) said.

Chicago Sun-Times

Afternoon Edition: May 5, 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

Mayor takes casino path of least resistance, but is it a winning hand?

Just because Ald. Walter Burnett is willing to put up with the inconvenience of a casino doesn’t mean Mayor Lori Lightfoot will easily round up the other 25 City Council votes she needs to ratify Bally’s River West site.

Chicago Sun-Times

Bally’s River West casino proposal gets city nod

Bally’s was picked over two rival bids involving South Loop sites: one by gaming behemoth Hard Rock International and another by hometown favorite Rush Street Gaming, chaired by billionaire Rivers Casino mogul Neil Bluhm.

Chicago Sun-Times

Mayor Lightfoot leans toward Bally’s — and it’s up to City Council to ensure deal isn’t a sucker’s bet

If Chicago history has shown us anything at all, it’s that when a city deal pitched as a good thing instead results in unanswered queries and general queasiness, it’s everyday Chicagoans who end up suckered.

Chicago Sun-Times

Afternoon Edition: May 3, 2022

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

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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.

USA Today Sports Media Group

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:

Chicago Sun-Times

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.

Benzinga

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…

Chicago Sun-Times

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.

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