Artist's rendering of the Chicago casino project
The recent purchase of the old Tribune newspaper printing plant site paves the way for that much talked about casino to be built in Chicago. Bally’s entertainment bought the 30-acre River West site from Nexstar Media Group for $200 million. The plan is to transform it into a $1.74 billion casino complex.
It will feature a 3,000-seat theater, a Chicago sports hall of fame, an outdoor park, and an outdoor music venue along with restaurants. All of that is in addition to a casino floor with 3,400 slot machines and 173 table games.
Bally's proposal could bring in upwards of $200 million in revenue each year to the city of Chicago six years after its opening.
City officials say they plan to use some of the money to help shore up the police and firefighters' pension fund.
Bally's Chicago casino is expected to open sometime in 2025 or 2026. A temporary gambling operation at Chicago’s Medinah Temple is expected to open in 2023. An estimated 3,000 permanent jobs will be created.
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