Latest articles
Bally’s Bronx Casino Gets Boost From New York Parkland Rezoning Bill
A Bally’s Bronx casino project can’t get underway until the former Trump golf course is rezoned. So, on May 28, state Assemblyman J. Gary Pretlow sponsored legislation allowing “parkland in Ferry Point Park” to be changed to “gaming facility” use. AB10460 gives the Bally’s Golf Links at Ferry Point 15 years to be built. If […]
Rhode Island Online Casino Saw $1.2 Million in Revenue in March, With ‘Momentum’ Hitting in April
Bally Casino generated $1.2 million in net gaming revenue in Rhode Island in March, the debut month for the state’s first and only online casino. Regulators revealed the first official revenue numbers to legislators and the general public on April 22 during a Permanent Joint Committee on State Lottery meeting. That number sets a slower […]
K&F Growth Capital Slams Bally’s Board, Interactive Strategy & Standard General Takeover Offer
K&F Growth Capital (K&F), which holds a stake in Bally’s Corporation, has sent an open letter to the company’s Board of Directors recommending that they reject the takeover offer from Standard General, another minority shareholder partially controlled by Bally’s Chairman Soo Kim. In its letter, the asset management firm claims that Bally’s is currently undervalued […]
Standard General Makes Second Attempt to Acquire Bally’s—Now At a Much Lower Price
Bally’s minority stakeholder Standard General (SG) is once again looking to acquire the remainder of the business, now at a price of $15 per share. That’s a significant premium over Bally’s stock prices () before the news. Shares had been trading in the vicinity of $10, although the price jumped about 35% once the offer became public, […]
Rhode Island Online Casino Gambling Sees Slow But Smooth Full Launch Day
Rhode Island online casino gambling experienced its full Launch Day, beginning at noon on March 5. The newest and perhaps most unusual legal iGaming marketplace had a slow but smooth start via Bally Casino. State lawmakers approved legal Rhode Island online casino gambling in 2023, and regulators allowed it to launch under supervision on March […]
Bally Casino Soft Launch So Snag-Free, Unusual Format Seemingly Unnoticed
Rhode Islanders gambling on Bally Casino during the online casino app’s soft launch day on March 1 were so quiet, they didn’t take to social media to complain, and the regulator had nothing new to report. That’s a bit of a surprise because all but online slots are being brought to online casino gamblers by […]
Illinois Senate Bill Would Prohibit Chicago From Banning VGTs Without a Referendum
An Illinois Senate bill aims to amend the state’s Video Gaming Act to prohibit municipalities with a population over 1 million from banning video gaming terminals (VGTs) except by referendum. State Sen. Donald P. DeWitte sponsored the bill, which seemingly targets Chicago. Because it’s the only city in the state with a population that fits […]
Bally’s Rhode Island Soft Launch Will Include Live Dealer Games
On March 1, Bally Casino will have its soft launch in Rhode Island and, contrary to earlier reporting, will include live dealer games from the start. Last year, Bally’s had said that its partner, StakeLogic, would not be prepared to open its studios until April. That would have left Bally Casino with a slots-only product for its first month. Due to […]
Change of Operator Creates a Night-and-Day Difference for Delaware Online Gambling Revenue
The Delaware Lottery has reported its first online casino revenue numbers since relaunching with BetRivers, and it is immediately apparent that the market’s poor performance over the past decade was primarily related to its previous operator partner. In the first month since operations changed hands, the state’s iGaming revenue was nearly triple what it had been. Delaware first cracked $1 […]
Tropicana Las Vegas To Be Demolished for Oakland A’s Ballpark and Bally’s Resort
The iconic Tropicana Hotel and Casino in Las Vegas will permanently close on April 2, just days before its 67th anniversary. The resort’s days were numbered due to a deal its owner, Bally’s Corp., struck with the Athletics (A’s) baseball team to build its new 33,000-person ballpark at the site. The demolition phase will take about a year, […]
