The Illinois Gaming Board has granted a “determination of preliminary suitability” to Bally’s Chicago Casino, allowing the company to move forward with plans to open a temporary casino at the historic Medinah Temple in River North, Chicago. The approval signals a significant step in the preparation process for Bally’s, with hopes to launch the temporary casino by late summer.
Regulatory Approval and Site Preparation:
Bally’s has received the necessary regulatory approval to operate a temporary casino at the iconic Medinah Temple. This green light enables the company to proceed with site development, including necessary preparations and the hiring of employees.
Preliminary Suitability and Process Advancement:
Being deemed “preliminarily suitable” allows Bally’s to advance in the regulatory process. The company can now undertake tasks related to a pre-opening audit, conduct a test run of the temporary casino, and work towards the eventual issuance of a temporary operating permit.
Temporary Casino Features:
The temporary casino at Medinah Temple is set to occupy a 134,000-square-foot interior, with 34,000 square feet dedicated to gaming space. Bally’s plans to equip the temporary facility with over 750 slot machines and more than 50 table games, creating a substantial entertainment destination for visitors.
Job Creation and Economic Impact:
The temporary casino is expected to generate over 500 jobs, providing an economic boost to the local community. Additionally, the $1.7 billion permanent casino, slated for River West, is anticipated to create approximately 3,000 jobs, further contributing to the region’s employment landscape.
Future Development Plans:
Bally’s Chicago is working towards the opening of its permanent venue, scheduled for late 2025 or early 2026. This $1.7 billion project, located at the Chicago Tribune Publishing Center, will encompass 30 acres and feature 3,400 slots, 170 table games, a 500-room hotel tower, 10 food and beverage venues, and a 65,000-square-foot entertainment center.
Three-Year Timeline for Temporary Casino Operation:
Bally’s holds the right to operate the temporary casino for up to three years as construction progresses on the permanent casino resort. This phased approach ensures a continuous gaming experience for patrons while the larger development takes shape.
With the preliminary approval in place, Bally’s Chicago Casino is moving forward with confidence in its plans for a temporary casino at Medinah Temple. This strategic move aligns with the company’s commitment to providing a world-class gaming and entertainment experience in the vibrant city of Chicago.