https://www.abouttanzanitejewelry.com/news/ballys-suffers-third-credit-downgrade-this-time-from-fitch/ Latest Casino and Gaming News Sat, 13 Apr 2024 21:52:50 +0000 hourly 1 https://wordpress.org/?v=6.4.5 https://www.abouttanzanitejewelry.com/news/ballys-suffers-third-credit-downgrade-this-time-from-fitch/#comment-365567 Sat, 13 Apr 2024 21:52:50 +0000 https://www.abouttanzanitejewelry.com/news/?p=316075#comment-365567 Investors in Bally’s are watching closely how BALY stock struggles to surpass even a $14.00 valuation. When will thay Bally’s accelerating casino revenue that is hoped for actually be achieved? An important factor in generating that revenue includes retaining new customers. Bally’s Chicago will get only one chance to make that first impression with each new customer. Ask Bally’s current casino hotel guests nationwide if they are genuinely happy with their most recent visits to the many Bally’s casino hotel properties throughout the country. Read the most recent online reviews for Bally’s casinos posted in just the past six months. Ask those same patrons how soon they plan to return. Are they telling their friends, “That was really a great time at Bally’s last weekend! It was over the top and I enjoyed everything about ithe place. Let’s plan to go back there as soon and often as we can!” You won’t find a single review like that, especially if you don’t take the time to actually look for the current pulse check of what is going on right now. Maybe repeating the same actions over and over again while expecting different results will not contribute to the accelerating casino revenue that is being hoped for by Bally’s. Those current customer reviews spell it out right now in real time.

]]> https://www.abouttanzanitejewelry.com/news/ballys-suffers-third-credit-downgrade-this-time-from-fitch/#comment-364491 Tue, 02 Apr 2024 02:27:09 +0000 https://www.abouttanzanitejewelry.com/news/?p=316075#comment-364491 Who wants to be the last Bally’s bondholder who ends up holding the bag? How much more will Bally’s credit ratings drop once they take on additional debt to finance further development of their underperforming casino in Chicago? How much further will Bally’s credit ratings fall if their long-shot bid to build a New York City casino eventually fails? There are good reasons why Bally’s debt is rated below investment grade….

]]> https://www.abouttanzanitejewelry.com/news/ballys-suffers-third-credit-downgrade-this-time-from-fitch/#comment-364489 Tue, 02 Apr 2024 01:50:16 +0000 https://www.abouttanzanitejewelry.com/news/?p=316075#comment-364489 In early December, reporters at PlayIllinois.com revealed that Bally’s Chicago is drawing the eye of both local and federal investigators. That was according to Crain’s Chicago Business, which reports that authorities are looking at the bidding process that resulted in Bally’s winning the opportunity to construct a casino in Chicago. The probes were spurred by complaints from unsuccessful bidders, the report said. No one close to the investigations has commented on the probes. However, Chicago Alderman Brian Hopkins confirmed the federal investigation, and claimed the entire Bally’s Chicago project could be at risk of coming to a complete halt. The federal investigation is reportedly being spearheaded by the U.S. Attorneys’ Office. City of Chicago Inspector General Deborah Witzburg is reportedly running the city’s investigation. Keep your eye on all of this!

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