Bally’s Beginning Site Prep for Demolition for
Fall 2026 Opening
Bally’s Corporation (NYSE: BALY or “Bally’s”) today announced a
refreshed Bally’s Chicago Casino permanent site plan that
prominently features a planned 500-room, 34-story hotel tower into
a single-phase construction project at the 30-acre former Tribune
Publishing site, pending approval of the Chicago Department of
Planning & Development.
In new renderings released today, the future Bally’s Chicago
Casino will feature its hotel tower on the southern end of the
casino development nearest Ohio Street along the Chicago River. The
hotel tower will include a large pool spa, fitness center and sun
deck, as well as a rooftop restaurant bar to enjoy the Chicago
skyline. Earlier this year, the hotel tower was moved due to
unforeseen underground infrastructure and an adjusted design for a
two-phase hotel was approved.
“We’ve been working hard in the background to restore the full
hotel tower for Bally’s Chicago Casino and absolutely intend to
meet the September 2026 opening date as planned,” said George
Papanier, President of Bally’s Corporation. “We are also happy to
announce that Gaming and Leisure Properties has agreed to finance
this entire development in a single phase to ultimately deliver a
better project in a more efficient manner.”
Bally’s and Gaming and Leisure Properties, Inc. (NASDAQ: GLPI or
“GLPI”) today entered into a binding term sheet for $940 million
construction funding facility for the Chicago project, along with
other financing transactions, that together GLPI expects to fund
$2.07 billion to Bally’s. GLPI and Bally’s have agreed to a
strategic alliance on the Chicago casino and hotel tower
construction development. GLPI’s principals have over three decades
of construction development in the gaming and entertainment
industry. See ballys.com/news for additional details.
On Friday, July 5, Bally’s took possession of the former Tribune
Publishing site, located at 777 W. Chicago Avenue. This week,
Brandenburg Industrial Service Company, the project’s demolition
contractor, began preparing the site for demolition.
“With keys to the property in hand, the new financing secured, a
site plan that exceeds the original, and demolition set to start
this summer, let there be no doubt that Bally’s Chicago Casino and
Hotel will soon rise up along the Chicago River,” added George
Papanier.
Bally’s Chicago Casino development will harness the beauty of
the urban Chicago riverfront site to create inclusive, dynamic
spaces, including plans for the 500-room hotel tower, 3,000-seat
theater, six restaurants, cafes and a food hall, and a 2-acre
public park. The casino will offer space for approximately 3,300
slots, 173 table games and VIP gaming areas. The lower riverbank
will be connected to the property with an approximately
2,000-foot-long extension of the riverwalk extending south from W.
Chicago Avenue. The development will generate approximately 3,000
construction jobs and 3,000 casino jobs when Bally’s Chicago
permanent becomes operational. Renderings of the new design are
available at http://ballyschicago.com/renderings.
“The improved site plan for Bally’s Chicago delivers all 500
hotel rooms upfront as part of a single-phase development plan,
protects all essential infrastructure, and elevates the grandeur of
our much-anticipated permanent casino development,” said
Christopher Jewett, Senior Vice President, Corporate Development of
Bally’s Corporation. “We look forward to working with city
officials to secure approval of our revised site plan.”
The renderings of the improved site plan were prepared by HKS, a
global design firm with an office in Chicago that provides
award-winning hospitality and entertainment design services. HKS
designed the Grand Hyatt Nashville, MGM National Harbor gaming
resort in Maryland, The Palazzo in Las Vegas, and The Venetian
Macao. The design for Bally’s Chicago will add to the rich
architectural history of Chicago with an iconic addition to the
riverfront skyline, pulling inspiration from the Chicago River for
the form-pulling activity from the river up the façade creating a
dynamic, iconic building incorporating undulations of the skin.
"We are proud to be part of the new site plan for Bally’s
Chicago Casino, which highlights a commitment to innovative and
iconic design that not only preserves essential infrastructure but
also elevates the architectural magnificence of Chicago’s skyline,"
said Jess Corrigan, Partner and Regional Practice Director of
Commercial Mixed-Use at HKS. "We look forward to collaborating with
Bally’s and city officials to bring this ambitious project to
life."
The Chicago Community Builders Collective (“CCBC”), a
minority-led construction partnership, is poised to implement the
improved site plan and bring the Bally’s Chicago Casino vision to
life.
"We at the Chicago Community Builders Collective are thrilled
about the future of Bally's Chicago Casino and are excited to see
this project come to fruition," said Jimmy Akintonde, CCBC member
and President & CEO of Ujamaa Construction. "As the general
contractor, we are proud to be at the forefront of this significant
development that promises to bring jobs, economic growth, and
vibrant entertainment to our city. We look forward to this
project's positive impact on Chicago and are committed to ensuring
its success."
About Bally's Corporation
Bally's Corporation is a global casino-entertainment company
with a growing omni-channel presence. It currently owns and manages
15 casinos across 10 states, a golf course in New York, a horse
racetrack in Colorado, and has access to OSB licenses in 18 states.
It also owns Bally's Interactive International, formerly Gamesys
Group, a leading, global, online gaming operator, Bally Bet, a
first-in-class sports betting platform, and Bally Casino, a growing
iCasino platform.
With 10,600 employees, the Company's casino operations include
approximately 15,300 slot machines, 580 table games and 3,800 hotel
rooms. Upon completing the construction of a permanent casino
facility in Chicago, IL, and a land-based casino near the Nittany
Mall in State College, PA, Bally's will own and/or manage 16
casinos across 11 states. Bally’s also has rights to developable
land in Las Vegas post the closure of the Tropicana. Its shares
trade on the New York Stock Exchange under the ticker symbol
"BALY".
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240711868387/en/
Media: Emily MacMillan em@respublicagroup.com 312-755-3547
Diane Spiers VP of Marketing & PR dspiers@ballys.com |
609-377-4706
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