Need licenses, but none issued The City of Chicago may be in court as the calendar turns to the New Year. On Tuesday, the Sports Betting Alliance (SBA), an advocacy group formed by the country’s major sportsbooks, sued the city over a new licensing and taxation structure that is supposed to take effect on Thursday,… Read more »
Hedge fund Standard General has made an offer to buy gambling Bally’s Corporation for $15 per share, equating to a company valuation of $648 million. Standard General is already the largest Bally’s shareholder, owning 23% of the company. Monday’s offer was a substantial 41% premium over Bally’s share price at Friday’s close. The offer is… Read more »
The competition for Chicago’s first casino is down to three finalists after Mayor Lori Lightfoot’s office reviewed five proposals. The two proposals that were rejected were from Bally’s and Rush Street Gaming, but don’t cry for them, as they also offered up two of the proposals that Lightfoot selected, along with Hard Rock. Both of… Read more »
For those that were a part of the inaugural stop by the Midway Poker Tour in Chicago a couple of weeks ago, the outcome probably wasn’t what they were expecting. The problems continue to increase for the founder of the organization, Dan Bekavac, as other issues have arisen. All of it is leaving many with… Read more »
When locations are chosen for major city landmarks like a new stadium or casino, it is usually government officials and consultants that make the decisions. As the process starts to decide where Chicago’s first casino is going to be built, consultants and politicians are certainly going to make most of the decisions and have the… Read more »
It seems as if every week there are some moves – for good and for bad – in the world of online casino gaming, online poker and sports betting. Some of the latest news involves three states, with one examining a very limited dip into the pool, one looking for a potential wider expansion and… Read more »
