The Latest Breaking News from Bally

Bally's Corp (NYSE:BALY) subsidiary has signed an agreement to invest $5 million in Snipp Interactive Inc (OTC:SNIPF). As part of the investment, Bally's will be entitled to nominate one director to Snipp's board of directors. Following completion of the Investment, Bally's is expected to own approximately 9% of the issued and outstanding common shares of…

Rhode Island-based Bally’s Corporation pitched its plan for a sprawling gambling complex on a 30-acre plot near Halsted Street and Chicago Avenue, which is currently home to the Chicago Tribune’s printing plant — and the source of traffic headaches on a daily basis.

Developers of the proposed Hard Rock Chicago casino were met by hundreds of South Loop residents concerned about more traffic, crime and noise in the neighborhood — and the prospect of another massive development next door.

With two sites involving McCormick Place now eliminated, the city has emphasized parameters that could favor one of the remaining proposals.

MIAMI — The Miami Heat confirmed Thursday to the Sun Sentinel that it was the team’s decision, and not the decision of broadcast-rights holder Bally Sports Sun, to elect not to show the third-quarter altercation on the team’s bench during Wednesday night’s loss to the Golden State Warriors at FTX…

The Bally’s Corp. agreement reportedly allows them to diminish and potentially erase any profits that minority investors would make compared to other owners.

A winning proposal won’t be named for a few months. The mayor and her team will have their hands full if they — as they should — make maximum use of that time to ensure taxpayers come out aces on this deal.

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

While the mayor had previously said she wanted to pick one finalist by the end of March to recommend to state regulators who have the final say on issuing a casino license, officials now say that decision won’t be made at least until early summer.

Whichever casino bid is chosen, the City of Chicago must be intentional in offering investment opportunities for people of color. Bally’s Chicago has supported minority investors by offering them access to capital and liquidity.

Caesars Entertainment Inc., owner of the venerable Bally’s Las Vegas, announced it plans to rename its heart-of-the-Strip towers the Horseshoe Las Vegas.