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Bally’s will have trouble meeting its state-mandated September 2026 deadline for a $1.7 billion permanent casino, according to a gaming expert and Mayor Brandon Johnson. It's been running a temporary casino at Medinah Temple.
The company's subchapter v filing, which is under Chapter 11, comes after the business marked its 30-year anniversary in 2023.
While the Sway Bar faced no noticeable consequences from Mayor Nick Caiafa, who doubles as the northwest suburb's liquor commissioner, he insists he's not going easy on the business.
The Chicago Illusions building gets a tax break because it has two apartments — even though it appears those units are used as part of the business.