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Bally's Pauses Construction On Portion Of Casino Project Amid City Squabble
['Ryan Wangman']
Bisnow News Feed
Bally's Chicago is pausing construction on the majority of its casino and hotel complex along the Chicago River as it spars with the city over video gambling terminal legislation.
“Bally’s issued a notification to the Chicago Community Builders Collective (CCBC) that it is resetting the pace of construction of elements of Bally’s Chicago permanent casino," Bally's stated.
The dispute centers on the legalization of video gambling terminals in the city as part of this year's budget.
The potential for "an uncontrolled proliferation of video gambling terminals" breaks the deal and "creates uncertainty that could be harmful for Bally’s Chicago prospects," the company argues.
"We will continue to assess our options, which we hope will include more productive discussions with the Mayor’s Office and City Council," Bally's stated.