Bally's Makes Initial $40 Million Payment to Chicago

The city of Chicago has received an initial $40 million payment from Bally's Corporation as part of the group's plan to build its $1.7 billion casino, helping the plan move to the next step.

Currently, the company's casino plan is sitting in front of the Illinois Gaming Control Board, who is expected to grant final approval for the site in the River West neighborhood. The project received previous approval from Chicago's City Council with a 41-7 margin. A temporary site is expected to open next year, with the full casino slated to open in 2025 or 2026.

When it opens, the casino will have 170 table games, 3,400 slots, 6 restaurants, 3 bars, 500 hotel rooms, and a 3,000 seat entertainment theater.

Regarding the payment, Chicago mayor Lori Lightfoot said, "This is the first down payment from the casino on the future of Chicago's pensions and a clear indication of the City's commitment to its hard-working public safety professionals."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

Comments

Post new comment

There are currently no comments on this page. Be the first!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.