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From New York City to England, Bally's Corporation, the Rhode Island-based gambling company, has been making big moves.
The company’s stock has fallen under $10 a share ($9.48 at the closing bell Wednesday), but it received good news last week when New York City Mayor Eric Adams vetoed the City Council’s attempt to block Bally’s from its $4 billion casino project in the Bronx.
The project appeared to be falling apart prior to Adams’ veto because the council rejected a zoning change that Bally’s was seeking. Separately, there have been concerns that the Trump Organization would receive a $115 million windfall because it used to operate the site where the casino would be built.
Across the pond, Bally’s announced Wednesday that it will be the official front-of-shirt sponsor for Nottingham Forest, the English Premier League soccer club that finished in seventh place last season and narrowly missed qualifying for the UEFA Champions League.
Bally’s also recently opened a casino in Newcastle, England, the company’s first casino in the United Kingdom.
The company is expected to release its second quarter earnings on Monday.
🤔 So you think you're a Rhode Islander...
Can you name the longest-serving speaker of the Rhode Island House of Representatives?
(The answer is below.)
Do you have the perfect question for Rhode Map readers? Don't forget to send the answer, too. Shoot me an email today.
The Globe in Rhode Island
⚓ Leadership at Rhode Island’s top economic development agency is in limbo at a critical time, and it’s unclear who might be in charge in the long term. Read more.
⚓ As the cost of child care rises and waitlists balloon, the Boston Celtics and Amica Insurance are funneling $4 million toward a new early education center in Providence for low-income families. Read more.
⚓ After months of limbo, a backlog of 185,000 boxes of food intended for malnourished children around the globe that have been sitting in a Rhode Island warehouse following the dismantling of US Agency for International Development earlier this year will finally be on their way to Africa. Read more.
⚓ The 350th Narragansett Indian Tribal Pow Wow, set for this weekend, is believed to be the oldest recorded in North America. Read more.
⚓ After more than six decades, the Newport Creamery location inside Cranston’s popular Garden City Center will close next year. The Massachusetts developer behind the outdoor mall did not renew its lease, according to the parent company of the Rhode Island-based restaurant chain. Read more.
⚓ Rhode Island’s unemployment rate rose again last quarter, as the state’s economy showed “concerning trends” across key indicators, according to a new briefing released Wednesday by the Rhode Island Public Expenditure Council and Bryant University. Read more.
You can check out all of our coverage at Globe.com/RI
Also in the Globe
⚓Six months into President Trump’s second term, a new national poll shows strong support for a path to citizenship for undocumented immigrants, and eroding support for his hardline immigration policy, the University of Massachusetts Amherst said Wednesday. Read more.
⚓ Former WBZ-TV news anchor Kate Merrill asserted in a federal lawsuit that she was forced out of her job over unfounded allegations of racial bias, while her own complaint accusing a colleague of inappropriate behavior was ignored as the network moved to advance “a DEI agenda.”Read more.
⚓ Signing 21-year-old Roman Anthony to an eight-year, $130 million contract extension on Wednesday obviously made sense. He’s a gifted player who has impressed teammates with his focus on winning instead of his own achievements. Read more.
⚓ Rhode Map readers, if you want the birthday of a friend or family member to be recognized Friday, send me an email with their first and last name, and their age.
⚓ The board for the Rhode Island Public Transit Authority is holding a special meeting at 9:30 a.m. to consider service cuts to close the agency's budget shortfall.
⚓ The state Cannabis Control Commission meets at 1 p.m. Here's the agenda.
Harry F. Curvin, a Democrat from Pawtucket, was speaker from 1941 until 1964.
RHODE ISLAND REPORT PODCAST
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