The Bally’s bid for a licence to build and operate a casino-resort in Chicago would be a project for Chicagoans, says Soo Kim, Bally’s chairman.
The bids for the Chicago casino will cost £1.6bn in terms of an investment for the company.
Kim said: “Chicago is a dynamic, world-class city, which is why we are committing to make this investment in establishing Bally’s Chicago as our flagship and the only property in its class in the Chicagoland market. It will be built, owned and operated by Chicagoans with a focus on minority and women investors, contractors, suppliers, consultants and employees. It will generate tax revenue, create good-paying jobs and attract international, national and local visitors for generations to come.”
Bally’s has proposed two sites, the Chicago Tribune Publishing Center (pictured) and the McCormick Place Truck Marshalling Yard.
The company says that the project would be built in two phases, the first $1bn will feature 2,700 slots and 95 tables with plenty of room for expansion. It would also include an hotel, outdoor music venue and green spaces.
After the expected return on phase one, the location would be expanded with an additional $600m investment to add 4,000 more gaming positions, a 400-room hotel tower and rooftop pool and bar. There would be an indoor entertainment venue and 20,000sq.ft of exhibition space. There would also be a Chicago sports museum.