toto365011   Album Posted Mar.11th, 2024, viewed 18 times

Bali's Chicago Records $1M Tax Revenue In February 2024

Gaming and entertainment giant Bally's Chicago set a $1 million tax revenue record for the first time ever in February 2024. Its unconventional contribution to the community is said to have resulted from record gaming revenues and visits to the company's landmark Chicago casino.

Nearly $10 million in revenue:

As reported by the Chicago Tribune (CT), the Illinois Gaming Commission released financial metrics for casino performance for February. Adjusted gross sales at Bali's temporary Medina Temple casinos rose 6.5%, reaching nearly $9.9 million in the month, according to the report. Those performances reportedly rank Bali's Chicago facilities at No. 4 among the 15 casinos operating in the state. That ranking is slightly behind Harah's Joliet, who finished third that month, according to a CT report.

106,000 visitors are welcome:

The revenue increase appears to be a natural consequence of increased steering wheel or traffic in the resort. As reported by CT, Chicago in Bali reported that the latter had increased by nearly 20% over the month, reaching nearly 106,000 visitors. Such traffic is located at the second location in the state, where Bali is directly behind the Rivers Casino Des Plaines facility, according to data released by the commission.

Besides Medina Temple, Bali's Chicago reportedly launched another temporary casino in the city in September 2023. CT reported that it expects the River North Casino Resort to further boost the company's revenue in Chicago by combining with its current facilities. "Bally's Chicago casino is the second most visited Illinois casinos every month since its opening, and its momentum stands out as we welcome new guests every day," said Mark Wong, Bali's vice president and general manager of Chicago, according to the report

1 Million Visit Illinois Casino in February:

Data from February shows that the company's strategy appears to be in line with statewide casino performance. As CT reported, 15 casinos in the state generated 16% more gaming revenue over the period, totaling $137.7 million in adjusted gross revenue. Reportedly, the increase in revenue levels is almost a direct result of the increase in casino admission fees. In fact, a 15% increase in casino visitors resulted in a 16% revenue level. At the same time, sources reported that statewide casino visits topped 1 million in February 2024.

Annual revenue target of $243 million:

Rivers Casino Des Plaines led the market in February with adjusted gross revenue of $43.6 million and more than 244,000 visitors, according to reports. Following Bally's lead, it generated adjusted gross revenue of nearly $9.9 million and welcomed about 106,000 visitors. In addition, the company recorded a record $1.92 million in tax revenue. However, according to a CT report, Bally's ambitions are expected to surpass that figure as it strives to become a leading casino operator in the city of Chicago.

In this regard, Bali is reportedly aiming to generate about $243 million in adjusted gross revenue in 2024, bringing about $35 million into the city. The $1.74 billion River West casino complex development, scheduled to open in 2026, will reportedly help the company move toward its revenue target at a faster pace. 온라인카지노사이트