Final Archives - Keno Wizard https://kenowizard.com/tag/final/ The Ultimate Keno Destination for Odds, Tips & Tricks Wed, 10 Jul 2024 14:09:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/kenowizard.com/wp-content/uploads/2023/02/cropped-keno-wizard-icon.png?fit=32%2C32&ssl=1 Final Archives - Keno Wizard https://kenowizard.com/tag/final/ 32 32 230792155 Italy Nears Final Steps for New Online Gambling Licensing Regime https://kenowizard.com/2024/07/10/italy-nears-final-steps-for-new-online-gambling-licensing-regime/ https://kenowizard.com/2024/07/10/italy-nears-final-steps-for-new-online-gambling-licensing-regime/#respond Wed, 10 Jul 2024 14:09:37 +0000 https://kenowizard.com/2024/07/10/italy-nears-final-steps-for-new-online-gambling-licensing-regime/ Italy is progressing with its ‘reorganisation of gambling’, as the Customs and Monopolies Agency (ADM) enters the final stages of implementing a new framework for online gambling concessions. Last Friday, the ADM submitted the documentation for this framework to the Treasury. The Treasury and the Council of State will provide binding opinions on these proposals. [...]

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Italy-begins-final-procedures-to-settle-new-licensing-regimeItaly is progressing with its ‘reorganisation of gambling’, as the Customs and Monopolies Agency (ADM) enters the final stages of implementing a new framework for online gambling concessions. Last Friday, the ADM submitted the documentation for this framework to the Treasury. The Treasury and the Council of State will provide binding opinions on these proposals.

Once approved, this framework will become part of the ‘Reorganisation of Gambling’ decree, overhauling Italy’s online and land-based gambling laws. The Ministry of Made in Italy (formerly the Ministry of Enterprise) will then send the technical rules to the European Commission for evaluation, initiating a three-month ‘standstill period’ before adoption in Italy.

New Licensing Framework and Fee Structure

The Ministry of the Economy and Finance (MEF) has endorsed a new licensing framework, which introduces a €7 million fee for nine-year online gambling concessions. This fee significantly increased from the €200,000 for concessions granted in 2018. MEF considers this increase appropriate for a market dominated by major gambling companies like SNAI (Playtech), Flutter Entertainment, Lottomatica, and Entain.

ADM has revised concession terms to ban skin gambling websites, limiting operators to one brand per license. As reported by Agipronews, each permit is now restricted to “one concessionaire, one website.” Additionally, ADM mandates that operators “activate an app for each type of product category: betting, casino, poker, and bingo.”

Stricter Regulations and Enhanced Controls

New concessions will be subject to stricter scrutiny regarding IT security and game integration between operators and suppliers. Once the decree is in effect, licensees must ensure that their games and IT systems are verified by an external certification body. ADM will also implement enhanced controls to monitor player funds and their management by licensees.

As ADM advances towards final procedures, it plans to establish a D-day for launching the new licensing regime. Antonio Giuliani, Head of ADM’s online office, stated, “The Agency will set a D-day for the current operators to start collecting bets with the new regime.”

Giuliani added, “Other operators will have up to six months to launch their systems, as required by law. We will ensure equal conditions for current licensees and new operators who obtain the licence.”

Anticipated Impact and Future Prospects

If the new framework launches in 2024, ADM will achieve a key objective of the Reorganisation of Gambling decree: resolving long-standing legal disputes over Italian gambling concessions granted since 2011. This Reorganisation Decree represents the first regulatory evaluation of Italian gambling since the authorization of online gambling in 2011. The decree aims to protect players, especially minors, combat criminal activities, and increase tax revenue for government projects and social initiatives.

The implementation of this new framework is expected to significantly change the Italian gambling landscape, ensuring a more regulated and secure environment for both operators and players.

Source: Italy begins final procedures to settle new licensing regime, CasinoBeats, July 9, 2024.

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Chelsea vs. Liverpool 2024 EFL Cup Final Odds, Time, and Prediction https://kenowizard.com/2024/02/23/chelsea-vs-liverpool-2024-efl-cup-final-odds-time-and-prediction/ https://kenowizard.com/2024/02/23/chelsea-vs-liverpool-2024-efl-cup-final-odds-time-and-prediction/#respond Fri, 23 Feb 2024 08:39:56 +0000 https://kenowizard.com/2024/02/23/chelsea-vs-liverpool-2024-efl-cup-final-odds-time-and-prediction/ The 2024 EFL Cup odds suggest that the Final at Wembley is going to be a real battle. Liverpool is the betting favorite mainly because this team’s been doing great in the league. However, Chelsea’s turned into a real giant slayer this season. You can be sure that the London Blues will go all-in on [...]

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The 2024 EFL Cup odds suggest that the Final at Wembley is going to be a real battle. Liverpool is the betting favorite mainly because this team’s been doing great in the league.

However, Chelsea’s turned into a real giant slayer this season. You can be sure that the London Blues will go all-in on Sunday. But can they win? Let’s find out!

Chelsea vs. Liverpool Odds

Moneyline Odds
Chelsea +200
Draw +269
Liverpool +124


10665 players claimed the offer this month

When, Where, and How to Watch?

  • Place: Wembley Stadium in London, England
  • Date: Sunday, February 25, 2024
  • Time: 10:00 AM ET
  • How to Watch: ESPN+

Chelsea Determined to Win the 1st Trophy in the Post-Abramovich Era

The last time Chelsea won a major trophy was on February 12, 2022, when the Blues won the FIFA Club World Cup. Twelve days later, Russia invaded Ukraine and the UK decided to sanction Chelsea’s owner Roman Abramovich for his ties with Vladimir Putin. As a result, he decided to sell the club to American businessman Todd Boehly.

The new owner invested over a billion dollars in rebuilding the squad, signing a number of talented youngsters over the next two years. So far, however, his investment hasn’t paid off. Chelsea is not doing great in the league – the Blues are currently in the 10th spot in the Premier League.

However, Mauro Pochettino-led men have a chance to win a major trophy this coming weekend. They’ve set their eyes on the 2024 EFL Cup, which they will get ahold of if they beat Liverpool.

Liverpool Going for the Quadruple?

In what’s going to be the final season with Jurgen Klopp as Liverpool’s manager, this team has a chance to do the quadruple.

The Reds are sitting at the very top of the Premier League at the moment. They’ve also reached the Round of 16 in the FA Cup and the Round of 32 in the Europa League. Still, the first trophy they can win in 2024 is the EFL Cup.

Although this competition isn’t as important to them as the other three, you can be certain that they will take Sunday’s game seriously. One thing that does have to worry them is that they could miss as many as nine first-team players in the 2024 ELF Cup Final.

Among those are such key players as goalkeeper Alisson, wing-back Trent Alexander-Arnold, midfielder Dominik Szoboszlai, and forwards Mohamed Samah, Diogo Jota, and Darwin Nunez. These guys are responsible for more than half of all the goals Liverpool has scored in the 2023-24 season.

Chelsea vs. Liverpool 2024 ELF Cup Final Prediction

We think Chelsea will win the 2024 ELF Cup Final. Not only does this team have huge motivation, but its roster looks capable of dealing with banged-up Liverpool. It’s not going to be an easy game – in fact, we could even see penalties – but we think the Blues will win their first title in the Todd Boehly era.

Pick: Chelsea to Lift the Trophy (+120 at BetOnline)

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]]> https://kenowizard.com/2024/02/23/chelsea-vs-liverpool-2024-efl-cup-final-odds-time-and-prediction/feed/ 0 6897 Betting and iGaming Await Final Approval in Brazil https://kenowizard.com/2023/12/22/betting-and-igaming-await-final-approval-in-brazil/ https://kenowizard.com/2023/12/22/betting-and-igaming-await-final-approval-in-brazil/#respond Fri, 22 Dec 2023 16:48:38 +0000 https://kenowizard.com/2023/12/22/betting-and-igaming-await-final-approval-in-brazil/ Sports betting and online gambling may become a reality for Brazil as early as 2024 after an important decision taken by the country’s Chamber of Deputies. In a final voting session on Thursday, the Deputies voted to approve Bill 3,626/2023, a proposal that called for the regulation of sports betting, as announced by Agência Câmara [...]

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Sports betting and online gambling may become a reality for Brazil as early as 2024 after an important decision taken by the country’s Chamber of Deputies. In a final voting session on Thursday, the Deputies voted to approve Bill 3,626/2023, a proposal that called for the regulation of sports betting, as announced by Agência Câmara de Notícias. Earlier this month, the same proposal was reviewed by the Senate. While Senate members approved the sports betting part of the bill, they voted against the included text related to online gambling activities. This pushed the bill once again into the hands of the Chamber of Deputies.

Regardless of the Senate’s decision, the latest vote reinstated the bill’s text that involved iGaming. This in other words helped overturn the decision made by the Senate, at least for the moment. Unlike the Senate vote, where a majority of the members were against online gambling, a majority of 261 of the Deputies voted in favor of online gambling. In contrast, the votes against iGaming on Thursday were only 120.

Thanks to the latest decision, Bill 3,626/2023 has gained further traction and now awaits final approval. The proposal that calls for the regulation of sports betting and online gambling activities now heads to President Luiz Inácio Lula da Silva. If the president signs off on the proposal, this would mark its final step before becoming law, effectively paving the way for legal iGaming and sports betting activities across Brazil.

Proposed Bill Sets Tax Rate, License Fees for Betting and iGaming Operators

Initially, the proposed bill offered an 18% tax on the revenues for betting and iGaming operators. However, undergoing significant changes, the latest proposal features a 12% tax on gambling revenue. On the other hand, bettors are also subject to a tax rate which is 15% on their winnings.

Similar to other betting and online gambling markets, operators in Brazil will be subject to a license fee. The license fee was set at BRL 30 million ($6.1 million), permitting operators to operate up to three brands for five years. When it comes to regulation of the gambling activities, the bill designated the country’s Ministry of Finance.

The traction gained by the gambling legislation comes at a time when earlier this week, the Chamber of Deputies voted in favor of a proposal that prohibited the promotion of unregulated gambling websites by social media influencers. That proposal, seeking to reduce the share of the black market, effectively prohibited influencers from promoting unregulated gambling activities through stories, videos or any form of online communication.

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Betr to Pay Out Millions If Penrith Panthers Win NRL Grand Final https://kenowizard.com/2023/09/30/betr-to-pay-out-millions-if-penrith-panthers-win-nrl-grand-final/ https://kenowizard.com/2023/09/30/betr-to-pay-out-millions-if-penrith-panthers-win-nrl-grand-final/#respond Sat, 30 Sep 2023 16:59:24 +0000 https://kenowizard.com/2023/09/30/betr-to-pay-out-millions-if-penrith-panthers-win-nrl-grand-final/ A lucrative promotion offered by the leading online bookmaker, Betr, may result in the largest payout for a single sports event in the history of Australian wagering. Nearly one year ago, the bookmaker released a special 100-1 odds promotion with a wager cap of AU$10 ($6,50) for a handful of sports competitions. Considering the odds, [...]

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A lucrative promotion offered by the leading online bookmaker, Betr, may result in the largest payout for a single sports event in the history of Australian wagering. Nearly one year ago, the bookmaker released a special 100-1 odds promotion with a wager cap of AU$10 ($6,50) for a handful of sports competitions. Considering the odds, thousands of punters immediately engaged in the promotion, placing different wagers for the World Cup, the Melbourne Cup, as well as the NBA, NRL and the AFL.

But while some have already cashed out their winnings, others preferred to keep their wagers, in particular, the ones placed for the upcoming NRL Grand Final scheduled to take place over the weekend.

With 100-1 odds, if the favorites for the NRL Grand Final, the Penrith Panthers, win the upcoming game, approximately 40,000 punters are expected to receive just above AU$1,000 ($650), a report released by the Australian Financial Review suggests. The approximate total makes a staggering AU$40 million ($26 million), representing the largest payout for a single sports event in the history of wagering in the country.

Panthers’ Win Would Benefit the Bookmaker

Undoubtedly, handing out tens of millions of dollars is the biggest fear for any bookmaker. However, this was not the case for Matt Tripp, the famous entrepreneur behind Betr. After he was interviewed by the publication recently, he explained that he has mixed feelings regarding the outcome of the upcoming NRL Grand Final. Tripp said that people who consider the outcome of the Panthers clinching the win as a surprise for Betr help spread the word about the bookmaker.

Instead of worrying about the hefty sum that would be handed out if the team wins, he predicted that this outcome would actually bring benefits to the bookmaker. “If the Panthers win, nothing would make us happier. We would have tens of millions of dollars injected back into the Betr ecosystem for punters for the next six weeks, which is the most exciting time of the year being Spring Carnival,” explained Tripp.

Earlier this year, long ahead of the NRL Grand Final, Betr reportedly offered customers who have placed wagers on the Panthers a refund and to cash out ahead of the competition. While some punters may have accepted that offer, others who kept their wager were notified recently that the processing of payouts may be delayed. Betr revealed that the processing of the wagers may go on for a week, but no later than October 6, 2023.

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Germany vs. Serbia 2023 FIBA World Cup Final Odds, Time, and Prediction https://kenowizard.com/2023/09/09/germany-vs-serbia-2023-fiba-world-cup-final-odds-time-and-prediction/ https://kenowizard.com/2023/09/09/germany-vs-serbia-2023-fiba-world-cup-final-odds-time-and-prediction/#respond Sat, 09 Sep 2023 08:23:41 +0000 https://kenowizard.com/2023/09/09/germany-vs-serbia-2023-fiba-world-cup-final-odds-time-and-prediction/ Germany has a chance to win its first-ever FIBA World Cup on Sunday, September 10, 2023. Meanwhile, Serbia is looking to add a sixth gold medal to its collection, thus breaking the record. Knowing this, it’s clear that both teams will be super motivated to win, which means only one thing – we’re in for [...]

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Germany has a chance to win its first-ever FIBA World Cup on Sunday, September 10, 2023. Meanwhile, Serbia is looking to add a sixth gold medal to its collection, thus breaking the record. Knowing this, it’s clear that both teams will be super motivated to win, which means only one thing – we’re in for a real spectacle at Mall of Asia Arena.

Serbia vs. Germany FIBA World Cup Odds

Spread Odds
Serbia +1.5 -115
Germany -1.5 -111
Moneyline Odds
Serbia -104
Germany -118
Points Total Odds
Over 174.5 -111
Under 174.5 -115

*Odds taken from FanDuel on Friday, September 8.

When, Where, and How to Watch?

  • Place: Mall of Asia Arena, Pasay, Philippines
  • Date: Sunday, September 10, 2023
  • Time: 8:40 a.m ET
  • How to Watch: ESPN+

Germany Coming Off a Win Over Team US

The United States men’s national basketball team was the No. 1 favorite to win the 2023 FIBA World Cup before the start of the tournament. Until Friday, it seemed as if the bookies were right to favor the Americans. But then, Team US lost to Germany 113-111.

It was a close win for the Germans especially after Team US players switched to the top gear in the final couple of minutes of the game. But Germany was able to survive, mostly thanks to its players’ brilliant offensive output.

Truth be told, the Americans didn’t seem too interested in the defense, which allowed Germany to score so many points. In fact, 113 points is the most these guys have scored in a game since 2014 when they beat Luxemburg 118-66.

Should you expect the Germans to continue their offensive brilliance and score as many points in the 2023 FIBA World Cup? Not really. After all, they’re playing against a team with arguably the most disciplined defense in the world.

Svetislav Pesic Preparing Another Basketball Masterclass

When you think of Serbian basketball, your mind probably goes straight to Nikola Jokic. But “Joker” isn’t with the Serbia national team in the Philippines. Instead, this team’s biggest star is Bogdan Bogdanovic, who’s been getting limited time on the court in the NBA as an Atlanta Hawks shooting guard.

This team might not be packed with superstars, but Serbia works great as a collective. This isn’t surprising given that the team is coached by Svetislav Pesic, a 74-year-old coach who won a World Cup in 2002 while at the helm of former Yugoslavia.

After winning the 2002 World Cup in Indianapolis, Pesic coached a number of elite European clubs, including Bayern Munich, where he stayed for nearly four years. Further, at one point in his career, he was even the head coach of the Germany national basketball team.

2023 FIBA World Cup Final Prediction

With Pesic as their coach, the Serbs have every right to hope for a good result on Sunday. If there’s a man who can prepare a strategy needed to beat the Germans in the final, it’s him. Plus, you can be 100% certain that his boys are going to give everything on the court of the Mall of Asia Arena. It’s not just about becoming the champions of the world, it’s also about making their struggling friend happy.

What we’re talking about is that the Serbs want to win the FIBA World Cup for their teammate Borisa Simanic who suffered such a horrible injury in Serbia’s game against South Sudan that doctors had to remove his kidney.

Pick: Serbia to win

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]]> https://kenowizard.com/2023/09/09/germany-vs-serbia-2023-fiba-world-cup-final-odds-time-and-prediction/feed/ 0 4866 Olympiacos and Real Madrid 2023 EuroLeague Final Odds, Time, and Prediction https://kenowizard.com/2023/05/20/olympiacos-and-real-madrid-2023-euroleague-final-odds-time-and-prediction/ https://kenowizard.com/2023/05/20/olympiacos-and-real-madrid-2023-euroleague-final-odds-time-and-prediction/#respond Sat, 20 May 2023 12:00:06 +0000 https://kenowizard.com/2023/05/20/olympiacos-and-real-madrid-2023-euroleague-final-odds-time-and-prediction/ This has been a wonderful season for Olympiacos and the cherry on top would be to win the 2023 EuroLeague. Oddsmakers think they’re going to do it, but you never know with Real Madrid. Los Blancos have already staged many upsets this year, so maybe they could stage another one? Olympiacos and Real Madrid Odds [...]

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This has been a wonderful season for Olympiacos and the cherry on top would be to win the 2023 EuroLeague. Oddsmakers think they’re going to do it, but you never know with Real Madrid. Los Blancos have already staged many upsets this year, so maybe they could stage another one?

Olympiacos and Real Madrid Odds

Spread Odds
Olympiacos -3.5 -110
Real Madrid +3.5 -110
Spread Odds
Olympiacos -169
Madrid +150
Spread Odds
Over 153.5 -110
Under 153.5 -110

*Odds taken from bet365 on Saturday, May 20, 2023.

When, Where, and How to Watch?

  • Place: Zalgirio Arena in Kaunas, Lithuania
  • Date: Sunday, May 21, 2023
  • Time: 1:00 PM
  • How to Watch: FloSports / EuroLeague TV

Is Olympiacos the Best Basketball Team in Europe in 2023?

The Greek powerhouse finished top of the EuroLeague table in the regular season. Olympiacos went 24-10 in the regular season, which saw their forward Aleksandar Vezenkov put on some really vintage performances. In fact, he was so good that the EuroLeague awarded him the MVP prize for the 2022-23 season.

The best thing is that his teammates weren’t much behind him in terms of performance. Kostas Papanikolaou, Kostas Sloukas, Shaquielle Mckissic, Moustapha Fall, and many other Olympiacos players were absolutely fantastic in the regular season.

Most of them continued to play well in the playoffs, even though they did somewhat struggle against Fenerbahce. Even though it wasn’t an easy series, the Greeks eventually won 3-2, thus booking the ticket to the EuroLeague Final 4.

Then, in the semifinal, they steamrolled Monaco 76-62. It was expected if we’re being frank as Monaco is the worst team of all that qualified for the F4 tournament in Lithuania. On Sunday, however, Olympiacos have a much tougher task on their hands.

Real Madrid Ready for Another Upset?

Los Blancos are coming to Kaunas as +150 underdogs, but this doesn’t seem to bother them much. After all, they’ve just staged a big upset in the semifinal. They were +215 underdogs against Barcelona in the last game, but they ended up smashing their archrivals 78-66.

Truth be told, it’s Barca’s fault really. These guys played horrible basketball on Friday, with their best player Nikola Mirotic scoring just 3 points. Sure, Real Madrid players did great defensively, especially Edy Tavares who’s arguably the best defensive player outside the NBA.

Still, despite impressing against Barca, the boys in white haven’t been too convincing in the 2023 postseason. The best example is the playoff series against Partizan Belgrade, which saw them struggle a lot.

They went 2-0 down after two games in Madrid, both of which saw a lot of controversy. Their players got into a fight with the opposition, the result of which was that a couple of Partizan’s key men ended up suspended. It’s not an overstatement to say that it helped Real turn the series in their favor.

Olympiacos and Real Madrid 2023 EuroLeague Final Prediction

We think Olympiacos will destroy Real Madrid on Sunday. If you compare them player-for-player, Olympiacos might not seem too superior. However, the Greeks have been functioning great as a collective. They just need another big push to end their wonderful campaign in style.

That said, we can see no other scenario but Olympiacos winning the game, covering the spread along the way.

Pick: Olympiacos to win and cover the spread

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Real Madrid vs Osasuna 2023 Copa Del Rey Final Odds, Time, and Prediction https://kenowizard.com/2023/05/03/real-madrid-vs-osasuna-2023-copa-del-rey-final-odds-time-and-prediction/ https://kenowizard.com/2023/05/03/real-madrid-vs-osasuna-2023-copa-del-rey-final-odds-time-and-prediction/#respond Wed, 03 May 2023 13:17:42 +0000 https://kenowizard.com/2023/05/03/real-madrid-vs-osasuna-2023-copa-del-rey-final-odds-time-and-prediction/ Real Madrid lost 2-0 to Real Sociedad on Tuesday, the result of which is that Los Blancos are now 14 points behind La Liga leaders Barcelona. Their dream of winning the league is practically over, but they do stand a great chance to win the Spanish Cup. For that, they just need to beat the [...]

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Real Madrid lost 2-0 to Real Sociedad on Tuesday, the result of which is that Los Blancos are now 14 points behind La Liga leaders Barcelona. Their dream of winning the league is practically over, but they do stand a great chance to win the Spanish Cup. For that, they just need to beat the +850 underdog Osasuna this coming Saturday.

Real Madrid vs Osasuna Odds

Moneyline Odds
Real Madrid -303
Draw +375
Osasuna +850
Goals Total Odds
Over 2.5 -175
Under 2.5 +135

*Odds taken from bet365 on Wednesday, May 3, 2023.

When, Where, and How to Watch?

  • Place: Estadio de La Cartuja in Seville, Spain
  • Date: Saturday, May 6, 2023
  • Time: 4:00 PM ET
  • How to Watch: ESPN+

Real Madrid Going All-In on in Copa del Rey

Real Madrid is King’s Club, so it would be more than appropriate for them to win King’s Cup. Even though this is the most successful Spanish club overall, Real Madrid is only third in the list of Copa del Rey winners, with Barcelona and Atletico Madrid having significantly more trophies.

Further, it’s been a while since Los Blancos won it the last time (2014), which is another incentive for these guys to give their utmost on Saturday. Still, the No. 1 reason why we expect Carlo Ancelotti’s boys to go all-in in Copa del Rey Final is that one trophy has already slipped from their hands.

They’ve got 14 points fewer than Barcelona in La Liga, and with just five more rounds left to play, Barca just need one point to seal the deal.

On the bright side for Los Blancos, they still have a good chance to retain the Champions League title – they’ve reached the semi-finals of that competition. The first leg of the Man City doubleheader is played three days after the Copa del Rey Final, but you can be certain that this fact doesn’t impact the players’ focus. These guys are coming to Seville determined to get ahold of the trophy.

Can Osasuna Cause the Biggest Upset in Spanish Soccer in 2023?

The short answer is – no. The longer answer is that the boys from the Basque Region just don’t have the quality needed to beat the Madrid powerhouse. So, how did they manage to get all the way to the final game of the Spanish Cup?

Well, they got lucky. In the semifinal, they were better than Athletic Bilbao, winning 2-1 on aggregate. They did okay in both of those games, but it’s the Athletic player who should feel bad about not putting in more effort.

Before that, Osasuna defeated out-of-shape Sevilla, as well as Real Betis. And in the early stages of the competition, these guys routinely beat a couple of teams from the lower tiers of the Spanish league system. Knowing all this, it’s clear that Osasuna’s toughest challenge is on the program on Saturday.

Real Madrid vs Osasuna Prediction

Real Madrid is the team that’s going to win the 2023 Copa del Rey on Saturday. Los Blancos do have some problems with injuries, but even if Ancelotti let only reserves on the pitch, they’d still do better than Osasuna.

Pick: Real Madrid to win

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Bally’s Receive Final Approval For Casino In Chicago City https://kenowizard.com/2023/02/14/ballys-receive-final-approval-for-casino-in-chicago-city/ https://kenowizard.com/2023/02/14/ballys-receive-final-approval-for-casino-in-chicago-city/#respond Tue, 14 Feb 2023 16:56:47 +0000 https://kenowizard.com/2023/02/14/ballys-receive-final-approval-for-casino-in-chicago-city/ Bally’s, the multinational casino entertainment company, has cleared a major regulatory hurdle towards the realisation of its plans to build a $1.7 billion flagship casino and entertainment complex in River West, Chicago. On Wednesday, the corporation received final approval from the Chicago City Council through a majority vote of the city’s Aldermen. Bally’s now awaits [...]

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Bally’s, the multinational casino entertainment company, has cleared a major regulatory hurdle towards the realisation of its plans to build a $1.7 billion flagship casino and entertainment complex in River West, Chicago. On Wednesday, the corporation received final approval from the Chicago City Council through a majority vote of the city’s Aldermen. Bally’s now awaits approval of its casino license from the Illinois Gaming Board.

The city’s Aldermen voted 39-5 to give the go-ahead for an amendment to Planned Development No. 1426, which authorized the zoning for the project’s construction. With this approval, Bally’s is on its way to building Chicago’s first casino, which will be located at the Chicago Tribune Freedom Centre along the Chicago River and near the intersection between Halsted Street and Chicago Avenue.

The first phase of the project includes one million square-feet casinos, a hotel with 500 rooms, a 3,000-seater event center, retail space and a large public park. Future phases will feature 4,800 apartments and condos, retail space, 250 hotel rooms and multiple dining options. The casino will have 3,400 slot machines, 170 table games and several designated spaces for eating and drinking. The project is expected to create up to 3,000 construction jobs and 3,000 permanent jobs for residents of Windy City.

In a press release, Bally’s Chairman, Soo Kim, with enthusiasm noted: “This is a significant achievement and another critical step forward in the process of developing Bally’s Chicago.” “We are confident that the casino will bring numerous long-term, positive economic benefits, including good-paying, union jobs, to this great city.”

The final vote from the City Council was preceded by a recommendation for approval by the Plan Commission and Committee on Zoning earlier in the week. At the time of the vote, many of the Aldermen expressed support for the project with Ald. Walter Burnett called it a “a big deal.” Nonetheless, criticism still came from some quarters who believed the mayor rushed the selection process during the casino bids. Others criticised the location of the proposed casino as adding to the congested traffic in the area.

Bringing a casino to Chicago is a major priority for Mayor Lori Lightfoot, especially as the city envisions the casino ultimately generating $200 million annually for the city. The tax revenue will be used to fund the city’s struggling police and fire pension systems, amongst other needs of the city.

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