-- Connecting the dots between our economy, government and business --
Bally’s is deep into the construction of its permanent casino located at 777 W. Chicago Ave. Aiming for a grand opening in September 2026. But even with the blueprints in motion, challenges loom large. Fitch highlighted several red flags: Chicago’s gaming market is already pretty packed, local tax rates are sky-high, and like any massive project, the new casino will face early growing pains before the slot machines start singing consistently. Bally’s isn’t even getting a confidence boost from its temporary Medinah Temple location, which brought in less than $8.8 million in February, its weakest month in over a year.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Audio and summary
In a decade or so, you’re going to have a casino surrounded by squalor.