Bally's says its Chicago casino will open on time despite financial issues
Nbc Chicago
Bally's confirms its Chicago casino will open in early 2027 despite financial warnings and construction halts.Summary
Bally's Executive Vice President Kim Barker stated the company's Chicago casino will open on schedule in early 2027, despite recent financial warnings and halted construction. The company issued a 'Going Concern' warning, citing potential cash flow issues, and halted construction after the city legalized video gaming terminals (VGT), which Bally's claims violates their agreement. Critics, like Civic Federation President Joe Ferguson, question the project's viability, noting the temporary casino's underperformance and market saturation. Fitch Ratings highlights Bally's high leverage but expects the Chicago and New York projects to stabilize the company financially.
(Source：Nbc Chicago)