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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.
The San Francisco 49ers Will Trade Trent Williams to the Chicago Bears
In more drama coming from the San Francisco 49ers, offensive lineman Trent Williams is holding out of training camp alongside Brandon Aiyuk. Unlike Aiyuk, Williams isn’t seeking an extension to his current contract but is looking for guaranteed money. At this point in his career, Williams knows any given snap could be his last, yet he remains arguably the best tackle in the league. Williams, who just turned 36 years old, has three seasons left on his contract, but none of it is guaranteed. He is scheduled to make solid money over the next three years, with base salaries of $20.05 million, $22.5 million, and $32.21 million, respectively, putting him near the top of the market. However, he wants reassurance. If the 49ers cannot make that happen, the Chicago Bears should consider a deal to bring Williams in to protect Caleb Williams‘ blindside.
Caleb Williams' Insane Patrick Mahomes-esque Pass Breaks The Internet
Last week, rookie quarterback Caleb Williams and the Chicago Bears kicked off their 2024 NFL training camp for the upcoming season. Williams is already making highlight plays, and his most recent one may be his best as it looked very similar to a tough throw Kansas City Chiefs superstar Patrick ...
Dog rescued from abandoned storm drain in south suburb, reunited with owner
BRAIDWOOD, Ill. - A dog was reunited with its owner after being rescued from an abandoned storm drain in the middle of a field in a south suburb. The Braidwood Fire Protection District was called to the area on Friday for the rescue. The dog was rescued "quickly and safely"...
19-year-old man charged in shooting of Round Lake Beach teen who was struck inside her home by stray bullet
Note: The video in the player above is from a previous report. A 19-year-old man has been charged in connection to the shooting death of 15-year-old Valeria Rodriguez, who was struck by a stray bullet while eating dinner inside her Round Lake Beach home earlier this week, officials said. Shorbonia...
Women’s Lacrosse Recognized for Academic Excellence
UNIVERSITY PARK, Pa. – Penn State women’s lacrosse saw academic success throughout the 2023-24 academic year. The team achieved a 3.61 cumulative GPA and a 3.60 GPA in the spring. Six student-athletes earned perfect 4.0 GPAs in the spring. Those Nittany Lions include Kate Dougherty, Ellie Hollin, Regan Nealon, Kristin O’Neill, Lilly Spilker and Rachel Spilker. The team also wrapped up the semester with 30 student-athletes on the Dean’s List, accomplished by a 3.50 or higher GPA.
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.
Northern Illinois Weather: Humid Days and Stormy Nights Expected
Chicago, IL – Northern Illinois residents should prepare for a humid and stormy week ahead. Starting Sunday, periodic thunderstorms are expected through Wednesday, bringing high temperatures and increased humidity. Highs will gradually climb, reaching around 90 degrees by Tuesday and Wednesday. According to the US National Weather Service in...
James Calitri Receives the 2024 Award of Excellence in Artistic Directing by the Illinois Theatre Association
James Calitri is poised to be honored with the 2024 Award of Excellence in Artistic Directing by the Illinois Theatre Association. Recognized for his profound impact on state theatre, Calitri’s accolades will be formally acknowledged at the ITA Annual Members Celebration. This event is scheduled for August 3, 2024, at the historic Two Brothers’ Roundhouse in Aurora. Attendees can expect a vibrant evening celebrating artistic achievements, where Calitri’s influence on Illinois theatre will be front and center. This award underlines his longstanding commitment and innovative contributions to the artistic community. “James believes in the magic that ignites the stage and the message that shines under the lights. His creativity is beyond measure, and his passion for theater is boundless. He is well-deserving of this award.” said Princeton Theater Group Board President Tracy Makransky.
3 stateline communities receive funding to replace lead service lines
ILLINOIS (WIFR) - Communities in Winnebago, Ogle and Jo Daviess counties will receive hundreds of thousands of dollars to replace lead service lines. The Illinois Environmental Protection Agency announced a total of $43,159,886 for 17 cities and villages to improve their water infrastructure. Stateline communities receiving funding:. The Village of...
IDOC, police department issue statement on ‘inflammatory’ Facebook posts
CENTRAL ILLINOIS (WCIA) — Two Illinois agencies have issued statements about offensive comments made on social media Thursday. The Illinois Department of Corrections issued a statement announcing a correctional officer has been placed on administrative leave after they made an offensive Facebook post. “The Department has been made aware of social media posting on Facebook […]
Illinois State Police sued for giving accused Highland Park mass shooter FOID card
(The Center Square) – While Illinois State Police face litigation in the Court of Claims over the accused Highland Park shooter applying for and receiving a Firearm Owners ID card before the 2022 mass shooting, the agency’s director is touting successes in blocking firearms from prohibited individuals. On...
Report Shows 110% Rise in Illinois Domestic Violence Deaths as Advocates Call for Action
Advocacy groups are sounding the alarm on a spike in domestic violence cases. A new report from the Illinois Coalition Against Domestic Violence says domestic violence deaths in Illinois rose by 110% last year, with 94 incidents of domestic violence leading to 120 deaths in 2023. That includes 107 homicides and 13 suicides in which the perpetrators took their own lives. That’s up from the previous year, when there were 45 incidents that led to 57 deaths.
Produce sold at Walmart, Kroger stores in Illinois subject to recall over potential Listeria contamination
A recall of produce items originally issued earlier this month has been expanded to the possibility of listeria contamination, with select packaged and bulk produce items sold at Illinois Walmart and Kroger stores included. According to the Food and Drug Administration, no illnesses or consumer complaints connected to the recall...
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