-- Connecting the dots between our economy, government and business --
Bally’s pitch to investors in its Chicago casino also comes with an unusual warning: “Our business and our assets are planned to be primarily located in Chicago, Illinois, a city which has recently experienced very high levels of criminality and civil unrest. Heightened criminality or the perception of danger among our customers, and events of civil unrest, at or in the vicinity of any of the facilities that we operate and intend to operate, including our temporary casino and our permanent resort and casino, could result in a decline in customer traffic and spending patterns, which would result in a decline in revenue.”
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
If anyone is well versed in financial risk vs. reward, it’s a casino company.
Crain’s use to be a credible publication before it turned leftist like so many others in Chicago and National. That they would actually publish such truth here is surprising.
I do think they’ve gotten more balanced lately.
Wow, that’s surprising. Crime-ridden neighborhoods could deter businesses from moving in.
Chicago bond offering documents should have something similar, like “We lack the resources to adequately police the city.”
“Invest at your own risk. Not responsible for lost or stolen articles or lost lives.”