The next step in the process to build Chicago’s first and only casino was taken this week with Bally’s formally applying to the Illinois Gaming Board for a licence to operate.
The Chicago Tribune reported that “the clock is now running” for the company to gain approval and complete its plans with the city to meet some ambitious timelines. It hopes to have at least a temporary casino open by the middle of 2023.
The new casino will cost $1.74bn and is to be located in River West on a 30-acre industrial site. It is expected to generate $200m annually in tax for the city. The new permanent casino is hoped to be open by 2026.