Bally’s Under Dual Investigations for Chicago Casino License Acquisition

Bally’s Corporation, a renowned gambling company, has become the center of attention due to its acquisition of the coveted Chicago casino license. What should have been a straightforward business move has turned into a heated controversy, attracting the attention of both federal and local authorities.

The federal inquiry, which was initiated following complaints from unsuccessful bidders in the casino licensing process, has shone a spotlight on the matter. These bidders have raised concerns about the fairness of the process, prompting an investigation by the US attorney’s office. Alderman Brian Hopkins, a vocal critic of the previous administration's handling of the casino proceedings, confirmed the existence of this federal investigation.

Simultaneously, Chicago Inspector General Deborah Witzburg is conducting her own investigation, adhering to her office's policy of not commenting on ongoing inquiries. These investigations have been ongoing for months, suggesting a comprehensive examination of the casino licensing process.

Despite these investigations, Bally’s maintains that it is unaware of any wrongdoing. The city's Law Department has clarified that neither they nor the mayor's office have been asked to provide information or been subpoenaed in connection to these investigations.

Controversies aside, Bally’s managed to secure City Council approval with a decisive 39-5 vote. The $1.7 billion casino project is seen as a potential solution to the city's unfunded public employee pension liabilities. Bally’s temporary casino, which opened in September, is just the beginning, with construction on the permanent site set to begin soon, aiming for a late 2026 opening.

While some city leaders view the casino as a financial savior, addiction treatment experts express concerns about the potential rise in individuals seeking help for gambling disorders. Though no immediate surge in cases has been reported, experts caution that the expansion of gaming facilities historically correlates with an increase in people seeking treatment for gambling problems. The debate surrounding Bally’s and its Chicago casino venture continues to unfold.