Bally’s escalates fight over video gambling, threatening legal action – Crain’s
The aggressive legal posture marks an escalation in Bally’s campaign against video gambling in the city. After previously arguing that competition from video terminals would reduce casino revenue and undermine the city’s tax projections, the company is now warning that legalization could force a broader renegotiation of its agreement with Chicago and trigger legal action.
Ald. Pat Dowell was grateful to hear from youth, but wanted a more “balanced” hearing on the topic that includes Chicago police, the park and school districts and parents. “This is an important topic, and we really can’t sugarcoat it,” she said, citing a recent gathering where she says police recovered 53 guns.
At stake is the money private interests are collecting from the meters — CPM reported nearly $189 million in revenues last year alone — as well as control of the parking spaces themselves.