Five Casino Proposals Being Considered in Chicago
Chicago has provided more details about five applications it is considering for a casino owner’s license in the city following a request for proposals process.
Each of the proposals made for the Chicago casino investment is looking to operate a temporary casino for up to two years and, following that, a permanent casino in the city. Applicants chosen will have to apply to the state for an owner’s license and meet its requirements.
The proposals have been submitted by Bally’s Corporation, HR Chicago, Rivers Chicago at McCormick, and Rivers Gaming, and they will now be subject to scrutiny from an expert review committee.
Bally’s has submitted two proposals. The first is for a $1.8 billion venue that would include 500 rooms, six restaurants/cafes, a food hall, three bars and lounges, a 3,000 seat entertainment venue, 20,000 square feet of exhibition space, a rooftop space including bars and pools, and 3,400 slots and 173 table games. The second slightly cheaper proposal, at $1.6 billion, is for a very similar project with near identical facilities.
HR Chicago is proposing a $1.7 billion property from Hard Rock International that would have up to 500 rooms, eight restaurants/cafes, six bars and lounges, a 500-seat Hard Rock Live, Rock spa, Hard Rock music, and entertainment experience, 3,400 slots, and 166 table games.
Rivers Chicago at McCormick’s proposal would cost $1.3 billion and be managed by Rush Street Gaming. It would make use of McCormick Place’s 2,900 hotel rooms and also offer 12 restaurants, four bars, a 4,200-seat theater, direct access to the McCormick Place Convention Center, outdoor dining, 2,600 slots, and 190 table games.
The final proposal, from Rivers 78 gaming, would cost $2 billion and be managed by Rush Street Gaming. It would include 300 rooms, eight restaurants, five bars, a riverfront plaza, an observation tower, a live entertainment venue, a culture/arts, and community programs space, 2,600 slots, and 190 table games.
The ultimate decision will be made by Mayor Lightfoot with city council approval once the committee’s recommendations have been submitted.