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Category Archives: Casino
Bally’s Chicago casino in River North brings in $9.7M less than former Mayor Lori Lightfoot’s estimate – WLS-TV
Posted: January 14, 2024 at 10:26 pm
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NY Online Casino Bill Drops With Murky Prospects For Passage – Legal Sports Report
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NY Online Casino Bill Drops With Murky Prospects For Passage Legal Sports Report
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Chicago’s casino nearly $10M short of 2023 expectations – Illinois Policy
Posted: at 10:26 pm
Ballys temporary casino in Medinah Temple handed Chicago $3 million since its opening in September, $9.6 million below original projections.
Chicagos gambling revenue from Ballys temporary casino underperformed by $9.6 million compared to the anticipated forecast.
The casino averaged $776,582 in local tax revenue per month in 2023. Chicago Mayor Brandon Johnsons 2024 budget assumes the city will net $35 million in local tax revenue from the casino, or nearly $3 million a month.
The casino was initially projected to create $12.8 million in tax revenue for 2023. However, the actual figure was a mere $3.1 million, despite the casino operating round-the-clock since late December with nearly 800 slot machines, 56 gaming tables and additional amenities.
Ballys permanent location in River West is projected to bring in $200 million in annual revenue, which is dedicated to police and fire pensions. That seems questionable, considering the meager returns from the temporary location.
In the best-case scenario, the permanent Ballys location would only pay for 9% of the citys annual pension payments. If it falls short of that, the city will need new revenue, which always means more taxes from residents.
Instead of chasing endless revenue sources, state lawmakers can step up with structural pension reform, freeing up billions in the future for core services, property tax relief or a combination of both. Johnson could champion that solution with state lawmakers.
A hold harmlesspension plandeveloped by the Illinois Policy Institute can save taxpayers nearly $2.4 billion in its first year and nearly $50 billion through 2045. It would solve the pension crisis in Chicago and the entire state.
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Chicago's casino nearly $10M short of 2023 expectations - Illinois Policy
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Washington County man wanted after allegedly hitting woman with car in casino parking lot – WPXI Pittsburgh
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Washington County man wanted after allegedly hitting woman with car in casino parking lot WPXI Pittsburgh
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Missing man was at Montana casino the night he went missing – Williston Daily Herald
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Missing man was at Montana casino the night he went missing - Williston Daily Herald
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Bally’s Casino Made $3.1 Million For Chicago Last Year Almost $10 Million Short Of City’s Goal – Block Club Chicago
Posted: at 10:26 pm
RIVER NORTH The numbers are in, and Ballys came up short in its expected tax revenue from its temporary casino in 2023 about $9.6 million short.
Ballys temporary casino opened in Septemberat Medinah Temple, 600 N. Wabash Ave. It has nearly 800 slot machines and 56 gaming tables, plus two restaurants and a coffee shop. The casino initially operated 8 a.m.-4 a.m. daily but has been a 24-hour operation since Dec. 27.
Mayor Lori Lightfoots administration projected the city would earn $12.8 million in gaming tax revenue from Ballys in 2023, with the casino slated to open in June. But after opening weeks later than scheduled, the casino earned $3.1 million for the city last year despite increasing Chicagos share every month, according to recently released figures.
Ballys brought in $8.5 million in gross revenue in December $864,645.42 of that is Chicagos share. December was the highest-grossing month in the casinos four-month run, according to data from the Illinois Gaming Board.
In a media release Monday, Ballys officials said the temporary casino saw its highest attendance rates in December with nearly 100,000 admissions.
Weve added free parking, new promotions and expanded hours to meet customers expectations.Our guests have responded positively. In December, we saw our highest attendance and revenues to date, Mark Wong, vice president and general manager, said in a statement.
Mayor Brandon Johnson praised Ballys in a statement, saying the revenue growth is a positive sign for both the casino and the city of Chicago.
Economic contributions from such establishments play a crucial role in boosting the local economy, creating job opportunities, and enhancing the overall business environment, Johnson said.
In late October, as revenue and attendance remained flat, Ballys quietly added two hourly shuttle bus locations in Chinatown. The shuttles went largely unnoticed until December, when Block Club reached out to local community leaders and officials to ask about the routes.
An average of about 2,681 people visited the casino daily in October, the Sun-Times reported. In its first weeks, an average of 3,347 people visited, according to the Sun-Times.
More than 3,000 more people visited the casino in November, the month after the Chinatown shuttle service launched,the Tribune reported. Figures for December werent immediately available.
The addition of the shuttles revived long-held concerns about local casinos targeting communities with a history of problem gambling. Since then, Ballys has added two additional shuttle bus routes in Uptowns Asia on Argyle district, to and from Cafe Hoang and Furama Restaurant, according to the casinos site.
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BetMGM Casino PA bonus code: How to get $1025 in bonuses in Pennsylvania this January 2024 – SILive.com
Posted: at 10:26 pm
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Casino money to help flooded businesses in Annapolis – wmar2news.com
Posted: at 10:26 pm
ANNAPOLIS, Md. The flood waters are gone, but Ryan Lamy is still reeling from damage inside Pips Dock Street Dogs in Annapolis.
Pips is one of 17 businesses flooded during Tuesdays storm that have been temporarily condemned.
Jeff Hager
Its a lot to deal with, said Lamy, Its our entire lives and I speak on behalf of everyone here on Dock Street and the downtown area.
Annapolis Mayor Gavin Buckley has now signed a State of Emergency for the city, which will trigger grant money for businesses impacted by the floods.
Starting next Tuesday, businesses can apply for some of the money, which comes from Anne Arundel Countys cut of the video lottery terminal or slot machine revenue at Maryland Live Casino.
We will offer up to $50,000 for businesses that have damage due to flooding so it can be used for things like equipment, property damage and some income loss, said Anne Arundel Economic Development Corporation President & CEO Amy Gowan.
This spring, work is scheduled to begin on a multi-million dollar project, which includes raising the Annapolis Dock and buffering businesses from future flooding, but that will take a few years to complete.
For now, the focus is on helping those left vulnerable to mother nature.
We cannot hold back the tide, but we can be more responsive to our neighbors on their worst days, said Sen. Sarah Elfreth.
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Casino money to help flooded businesses in Annapolis - wmar2news.com
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BetMGM Casino NJ bonus code: Get $1025 in bonuses in New Jersey this January 2024 – SILive.com
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