As of today, Bally’s Corporation has officially completed its transaction with a private equity firm to secure a 30-acre property for their casino. The building is currently the home of the Tribute Publishing Center. The deal is set to last for a 99-year initial term with the company having 10 different renewal options for 20 years a piece. Bally’s will be allowed to receive addition revenue from the private investor for up to $300 million. The Chairman of the Board at Bally’s stated, “We are excited to be partnering with one of Chicago’s leading real estate private equity firm as we progress with building our $1.7 billion flagship property in the Chicago market. There is a lot of amazing potential for Bally’s Corporation to make […]

The Houston Democratic Senator Carol Alvarado has just submitted a pre-filed constitutional amendment that will agrees the topic of legalized casino gaming and sports betting. The Senate Joint Resolution 17 (SJR17) will be heard during the next year’s session and if it passes it will put it in the hands of the electorate to vote on adding casinos and sportsbooks to Texas. There is only one tribal casino in Texas, the Kickapoo Lucky Eagle, so it is less likely that it will face the tribal backlash that California saw. A statement taken from the resolution says, “Proposing a constitutional amendment to foster economic development and job growth and to provide tax relief and fund for education and public safety by creating the Texas Gaming Commission, […]

The Australian gambling machine manufacturer, Aristocrat Leisure have just announced their financial report for the year ending on September 30, 2022. The report shows very positive revenue growth for the company up 17.7% when compared to their previous report. Total revenue for the year reached AU$5.57 billion from AU$4.73 billion in 2021, leading to an annual profit of AU$1.1 billion. A quote from Aristocrat’s CEO, Trevor Croker states, “Aristocrat’s performance underlines the ongoing implementation of our growth strategy. Throughout the year we continued to invest in competitive product portfolios to drive further share growth across key segments, greater operational diversification and deeper business capability… This highlights the strength of our post-Covid recovery and our ability to execute in a challenging environment.”