USA Top 10 best casinos in Virginia

USA Top 10 crypto casinos in Virginia

  • Casino News
  • USA News

Bally’s Chicago Secures $250M Site for New Casino Resort

Bally’s Chicago secures a $250 million riverfront site for its new $1.7 billion casino and hotel complex, set to open in fall 2026.
facebook twitter twitter

Branimir Ivanov | Senior News Contributor

Updated: Sep 18, 2024

Huge Bally Deal Underway

Gaming and Leisure Properties, Inc. (GLPI) has finalized the purchase of a $250 million parcel of land for Bally’s Chicago, marking a significant shift from the casino’s temporary quarters at Medinah Temple. The acquisition of the prime riverfront site underscores a major step forward for the casino, which has been operating in a makeshift location since October.

 

The Key Points:

  1. Land Acquisition: Gaming and Leisure Properties, Inc. (GLPI) has purchased a $250 million riverfront parcel in Chicago for Bally’s Chicago, which will replace its temporary location at Medinah Temple.
  2. Development Plans: The new Bally’s Chicago will feature a $1.7 billion casino and hotel complex, including 3,400 slot machines, 173 table games, a 3,000-seat entertainment center, and a 20,000-square-foot exhibition space.
  3. Revenue Potential: Scheduled to open in fall 2026, the new venue is expected to significantly enhance Bally’s market position and revenue, building on the success of its current operations which rank among Illinois’ top casinos.

 

The newly acquired land, located along the Chicago River, is a strategic choice that enhances Bally’s Chicago’s visibility and accessibility. The property, previously occupied by the Freedom Center – the former publishing headquarters of the Chicago Tribune – offers a unique opportunity to create a high-profile entertainment destination. This site will serve as the foundation for a $1.7 billion development aimed at establishing Bally’s Chicago as a premier gaming and entertainment venue in the heart of the city.

Peter Carlino, CEO of GLPI, characterized the land acquisition as a key milestone in the project’s development. “The completion of the Chicago land purchase is a significant milestone toward the development of Bally’s Chicago, which promises to be a must-visit destination casino resort property in the heart of Chicago,” Carlino said. His statement reflects the company's confidence in the project’s potential to redefine the local entertainment landscape. He also expressed enthusiasm about collaborating with the Bally's team, local community leaders, and various stakeholders to bring the vision to fruition.

The future Bally’s Chicago will feature a comprehensive array of amenities designed to attract both locals and visitors. Renderings of the planned development highlight an ambitious design, including a casino and hotel positioned prominently next to the river. The facility is expected to include 3,400 slot machines and 173 table games, offering a broad range of gaming options. Additionally, the complex will feature ten dining and drinking establishments, catering to diverse tastes and preferences. The hotel will provide up to 500 rooms, offering luxury accommodations to guests.

A key component of the new venue will be a 3,000-seat entertainment center, set to host a variety of performances and events. The development will also include a 20,000-square-foot exhibition space, designed to accommodate large-scale exhibitions and conventions. These features are intended to enhance Bally’s Chicago’s appeal as a multifaceted entertainment destination.

The shift from Medinah Temple to the new site represents more than just a physical move; it signifies a strategic effort to elevate Bally’s position in the highly competitive Chicago market. Currently, the temporary Medinah Temple location has been a notable revenue generator, frequently ranking among the top casinos in Illinois. As of August, Bally’s Chicago was the fourth-highest revenue earner among the state’s 15 casinos, consistently competing with Harrah’s Joliet for the third position and trailing Grand Victoria Casino by approximately $1 million.

 

“The completion of the Chicago land purchase is a significant milestone toward the development of Bally’s Chicago, which promises to be a must-visit destination casino resort property in the heart of Chicago.”

 

Conclusions

The anticipated opening of the new Bally’s Chicago location in fall 2026 is expected to significantly boost the company’s revenue and market presence. The expanded facility and its prime location are poised to attract a substantial number of visitors, potentially reshaping the dynamics of the local gaming and entertainment industry.

Overall, the transition from Medinah Temple to a purpose-built venue highlights Bally’s commitment to becoming a central player in Chicago’s entertainment sector. As the development progresses, the company’s focus will be on delivering a world-class casino resort that aligns with its vision of creating a premier destination for both gaming enthusiasts and entertainment seekers.

The Hottest Usa casinos of 2024

USA Icon
US Players Accepted
Avantgarde Casino logo

Avantgarde Casino Review

USARated 100.00/100%

welcome bonus

400% Weekly Promotion

35x wagering (Deposit & Bonus)

Play
Number of games
20+
Payment methods
14
Game providers
5
Min deposit
25
US Players
Accepted
American Eagle
All-American Casino
SlotsandCasino Casino logo

SlotsandCasino Casino Review

USARated 99.98/100%

welcome bonus

300%/$1,500 + 100 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
10
Min deposit
25
US Players
Accepted
burger
American Favorite
Cafe Casino logo

Cafe Casino Review

USARated 98.12/100%

welcome bonus

250%/$1,500

40x wagering (Deposit Only)

Play
Number of games
150+
Payment methods
8
Game providers
3
Min deposit
20
US Players
Accepted
Popularity Icon
Trending in the USA
DuckyLuck Casino logo

DuckyLuck Casino Review

USARated 99.97/100%

welcome bonus

500%/$2,500+ 150 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
10
Min deposit
25
US Players
Accepted
trending topic
Hot in USA
Bovada Casino logo

Bovada Casino Review

USARated 99.12/100%

welcome bonus

100%/$1,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
4
Game providers
3
Min deposit
20
US Players
Accepted
growth
Growing in USA
Ignition Casino logo

Ignition Casino Review

USARated 98.11/100%

welcome bonus

300%/$3,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
5
Game providers
4
Min deposit
20
US Players
Accepted
USA Icon
US Players Accepted
Slots LV Casino logo

Slots LV Casino Review

USARated 98.13/100%

welcome bonus

200%/$3,000 + 30 Free Spins

35x wagering (Deposit & Bonus)

Play
Number of games
150+
Payment methods
4
Game providers
73
Min deposit
20
US Players
Accepted
gold medal
#1 Crypto 2024
BC.Game Casino logo

BC.Game Casino Review

USARated 99.46/100%

welcome bonus

360%/$220,000

60x wagering (Deposit & Bonus)

Play
Number of games
610+
Payment methods
5
Game providers
64
Min deposit
0.01
US Players
Accepted
Bitcoin Logo
Top Crypto Casino
7Bit Casino logo

7Bit Casino Review

USARated 99.39/100%

welcome bonus

325%/5 BTC + 250 Free Spins

40x wagering (Deposit Only)

Play
Number of games
75+
Payment methods
17
Game providers
20
Min deposit
10
US Players
Accepted
USA Icon
U.S. Choice Champion
JazzSports Casino logo

JazzSports Casino Review

USARated 97.96/100%

welcome bonus

200%/$2,000

40x wagering (Deposit & Bonus)

Play
Number of games
83+
Payment methods
7
Game providers
36
Min deposit
10
US Players
Accepted
10/ 10 (100%)

Related News

Treasure Island Casino Las Vegas

Sparket and Sportzino Launch FunPicks Game in the U.S.

Los Muertos Locos

Los Muertos Locos Brings Cultural Festivities to Casino Reels

Super Twins

Super Twins Slot Now Available from Backseat Gaming

hide-html