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Bally's Casino Crisis in Chicago | Fort Wayne News
Bally’s Chicago casino is hemorrhaging cash—over $56 million lost in just six months—with $233 million in debt, despite the city’s hopes it’ll fuel its budget. The $1.7 billion permanent resort, expected to bring in $74 million in annual taxes, is stalled as Bally’s halts non-casino construction, blaming the city for violating their deal by approving video gambling terminals elsewhere. Lawyers from the firm of the former mayor are now involved. Aldermen push back, insisting Bally’s—not the city—is breaking the agreement. Meanwhile, officials question whether the terminals’ costs and…
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