¡°With this new real estate partnership, Bally¡¯s has ample liquidity on hand to fund Bally¡¯s Chicago without needing to access the capital markets,¡± said Bobby Lavan, Bally¡¯s CFO, in a statement.
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The new temporary casino at Fonner Park is expected to be open by Christmas. Fonner Park Chief Executive Officer Chris Kotulak hopes the Nebraska Racing and Gaming Commission gives final approval of the casino¡¯s operation Dec. 14.
There are, of course, myriad reasons for why the Council Bluffs gaming revenue declined by more than $10 million over the previous months, especially the notion that inflation has caused many to cut their discretionary spending, and gambling is purely discretionary.