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Bally's accepts $4.5B buyout from chairman's hedge fund, impact on Chicago casino unknown
Bally's has accepted a buyout offer from its largest shareholder for more than $4.5 billion.Standard General, a hedge fund led by Bally's Chairman Soo Kim, will buy the remaining shares of the company, which will keep it publicly traded.ABC7 Chicago is now streaming 24/7. Click here to watchThe buyout was announced as Bally's works to build a new casino along the Chicago River. It is also currently operating a temporary casino at the Medinah Temple in River North.Two weeks ago, the company revealed new renderings of the planned casino after saying it secured funding for the complex. The site plan includes a 500-room, 34-story hotel tower at the former Tribune Publishing site, pending approval from the Chicago Department of Planning and Development.READ MORE | Bally's lays out new plans for hotel on top of Chicago casinoThe Illinois Gaming Board said they are aware of the buyout and are reviewing it. There is no word on whether this will have any impact on the permanent Chicago casino.
Grade the trade: Bulls embrace tank in big proposed trade with Warriors
The Chicago Bulls have chosen an offseason path with a familiar destination. They’ve traded away veterans, which might lead you to think they were rebuilding, but have they done enough to truly get in the mix for Cooper Flagg?. There are still plenty of terrible teams in the Eastern...
Bears training camp observations: Caleb Williams' late flash of brilliance defines first padded practice
LAKE FOREST, Ill. -- The 2024 Bears put on the pads for the first time Friday on Day 6 of training camp at Halas Hall, and for most of the day, the defense pushed the offense around. Gervon Dexter, Montez Sweat, and DeMarcus Walker got constant pressure on quarterback Caleb...
Chicago Cubs Trade: Taillon Heading to Red Sox for Zanetello, Fitts, Jordan
The Chicago Cubs are considering trading ace Jameson Taillon, who signed a $68 million deal last offseason. A proposed deal would send Taillon and cash considerations to the Boston Red Sox in exchange for prospects Nazzan Zanetello, Richard Fitts, and Blaze Jordan, offering the Cubs a significant haul from the Red Sox's farm system.
New Illinois Law Requires Weather Radios In Certain Homes
It's been a rough tornado season and a new Illinois law is taking aim at that. We can all agree it's been a messy summer. In the Chicago area alone last week, there were 33 tornadoes, compared to their usual 5 or 6 per year. With the derecho that moved through last week, 5 tornadoes rolled through the QCA. In Iowa, May was ridiculous. We average 11 tornadoes in May. But this year, we had over 80 tornadoes in May alone.
When 2 Illinois Men Got Lost in the Woods – Something Found Them
It was supposed to be a date with two girls they had met, but for two Illinois men it became something completely different and terrifying. After they became lost in the woods trying to locate the home of the ladies, something found them, but it wasn't what they were hoping for.
TR Library board to present written contract offer to Lockport
THREE RIVERS — The board of the Three Rivers Public Library will officially put a new offer before Lockport Township for a library services contract. On Tuesday, the board voted to extend to the township a written offer of $20,822.18 on its contract for the first year, with an increase of 3 percent every year for three years, with an option to terminate the contract six months prior to the end of the library’s fiscal year in June. There will also be a clause that gives the sides the option to renegotiate after three years.
Firefighters’ New Best Friend: Knox HomeBox™ Revolutionizing Emergency Entry
Fire Marshal of Lombard, Illinois, Perry Johnson joins the Ray Stevens Show to discuss the Knox HomeBox™ program, which offers a secure way for firefighters to access keys and enter homes during emergencies. He’ll explain the benefits of owning a Knox Box and how its exterior placement doesn’t compromise safety. For more information: https://www.knoxbox.com/Products/Residential-KnoxBoxes.
1 killed, 4 seriously injured in West Side car crash
A man was killed and four others were seriously injured in a crash on the West Side early Saturday. A Dodge Durango struck a gray sedan, causing both cars to hit train track pillars. A man from the sedan was pronounced dead.
Boat capsizes on Lake Michigan at 31st Street; one man unaccounted for
CHICAGO (CBS) -- A man remained unaccounted for Friday night after a boat capsized near 31st Street Beach on Lake Michigan.Police said the boat flipped at 7:33 p.m. just south of 31st Street Harbor. CBS News Chicago has learned that more than a dozen people were on the boat.A massive Chicago Police and Fire Department response followed, and the Coast Guard was in the air in a helicopter searching for anyone who might have been left in the water.Video taken at the scene showed the boat lying on its side in the water as someone shouted that the Coast Guard...
New Evidence Found in Murder of Chicago Postal Worker (video)
Chicago police found a burned-out Dodge Durango in the 8900 block of South Fulton Avenue. The discovery was made in connection with the ongoing investigation into the murder of a postal worker, who was killed while delivering mail in West Pullman. Details of the Incident. The victim, identified as Redman,...
Man, 21, charged in Chatham carjacking
CHICAGO - A Chicago man was charged in connection with an armed carjacking last June in the Chatham neighborhood. Craig Williams, 21, was allegedly part of a group who carjacked a 58-year-old woman on June 12 in the 400 block of East 81st Street, according to police. Williams was arrested...
Men accused of robbing a 60-year-old escape after prosecutors failed to request that the judge detain the men in custody
Prosecutors chose not to urge a court to detain 2 men in custody until trial, so they were ordered to go home with midnight curfews after they were accused of assaulting and stealing a 60-year-old man in Uptown the previous week. Shortly after the July 17 robbery, two 16-year-old boys...
Thieves break into 6 Chicago businesses in 45 minutes, steal cash registers: police
CHICAGO - The same group of thieves burglarized six businesses in under an hour in Bucktown, Wicker Park and Lake View on Thursday. In each incident, the offenders used a hammer to shatter the front or side glass doors of businesses to gain entry, according to police. Once inside, the offenders stole cash, cash registers or cash boxes before leaving the business.
Schaumburg man charged with attempted murder after allegedly shooting tree trimmer
SCHAUMBURG, Ill. — A Schaumburg man has been charged for allegedly shooting a tree trimmer working at his residence on Wednesday. Michael Lang, 55, is facing charges of attempted murder and aggravated battery with a firearm. Officers responded to the 800 block of South Braintree Drive on the report of a shooting at around 2:50 […]
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