Alderman Calls for Independent Third-Party Review of River North’s Trafic Study over Bally’s Temporary Casino Concerns

Illinois Gaming Board Unanimously Approves Bally’s Everlasting Chicago On line casino License —

Just lately, state playing regulators have given the nod to a full working license to Bally’s for its Chicago on line casino challenge. The Illinois Gaming Board (IGB) unanimously voted in favor of the license for the soon-to-be-constructed mega-casino challenge that’s set to be hosted in River West.

Now, the license approval paved the way in which for the institution of the everlasting on line casino venue, which has been estimated to be price roughly $1.7 billion and is about to start out operation by September 2026. The precise opening date is dependent upon the three-year time restrict on the non permanent on line casino license on the iconic Medinah Temple website, however the common supervisor of Bally’s Chicago, Mark Wong, knowledgeable the members of the Illinois Gaming Board that the corporate stays assured will probably be in a position to meet its timeline in step with the plans.

The corporate has till September ninth, 2026, to finish the development of its 505,000-square-foot on line casino complicated in River West.

As CasinoGamesPro reported, Bally’s Medinah Temple location began operation beneath the provisions of its non permanent license in September. At the moment, on line casino operators in Illinois have the best to function non permanent places for 2 years, with an elective 12-month enlargement, whereas their everlasting on line casino website is being constructed.

The everlasting River West location of the US on line casino big is the primary city on line casino in Chicago. The playing and leisure complicated is about to incorporate a playing venue that includes 173 desk video games and three,400 slots. There can even be a 500-room lodge tower and a 3,000-seat theater. Bally’s challenge was the one which received the approval of former Chicago Mayor Lori Lightfoot over three aggressive bids in 2022.

Bally’s Non permanent On line casino Location in Medinah Temple At the moment within the Highlight

The everlasting on line casino location of Bally’s is anticipated to start out in July 2024. Till then, it’s the firm’s non permanent on line casino that continues to be within the highlight.

In its first few weeks of operation, the Medinah Temple on line casino website attracted about 80,000 guests who of their flip accounted for income of roughly $6.7 million. The venue, hosted by the historic location, provides 56 desk video games and roughly 800 slot machines.

In keeping with playing regulators in Illinois, it has already generated metropolis tax income of about $695,000. Beforehand, the ex-Mayor of town, Ms. Lightfoot, shared expectations that the Medinah Temple location would usher in as much as $12.8 million to Chicago by the top of 2023.

Bally’s non permanent on line casino in Chicago additionally acquired some social media consideration due to its Moorish Revival-style development from 1912 which just about resembles a mosque.

The town of Chicago counts on about $32 million from the Medinah Temple location in 2024. The three-year operation of Bally’s non permanent location is anticipated to create as many as 700 jobs. However, the corporate is about to open hundreds of development jobs in the course of the development of its everlasting location in River West, with about $200 million set to go to town yearly.

Author: Donald Price