Bally s selected for Chicago s sole casino licence

Bally’s Corporation has been selected as the recipient of Chicago’s sole casino licence, as announced by Mayor Lightfoot, as well as becoming the developer of a new $1

Bally’s Corporation has been selected as the recipient of Chicago’s fillet of sole casino licence, as announced by Mayor Lightfoot, as well as decent the developer of a unexampled $1.7bn gambling casino resort.

The project, which testament open on the situation of the city’s Tribune Publishing Center, is expected to create 3,000 building jobs per year, in gain to 3,000 lasting casino roles when full functional.

When complete, the venue testament brag a 500-room hotel, a 3,000-seat theatre, a gambling casino arena with way for 3,400 expansion slot machines and 170 tabular array games and a reach of outdoor euphony and parkland spaces.

In a tight process, official requests for proposals (RFP) were made past quintuplet operators, including Bally’s, past October 2021. These were narrowed downwards to a shortlist of trio inward March of this year, before further evaluation took place with the facilitate of the Windy City community.

Bally’s Chairman of the Board Soo Kim commented: “We would the likes of to thank Mayor Lightfoot and her office for conducting a tough, but fair, RFP physical process and selecting Bally’s Chicago as the final bidder for the city’s casino.

“Chicago is a unique and vivacious city, worth(p) of world-class gaming and entertainment destination that is of, by and for the people by driving the local economy, supporting local labour, creating multigenerational wealth for nonage investors and showcasing the best of what the urban center has to offer.

“We looking forrad to continuing to work collaboratively with Mayor Lightfoot and all our precious community of interests partners on this exciting endeavour.”

In total, the young gambling casino is expected to generate $400m inward gaming revenue for Chicago and the body politic of Illinois per year.

As constituent of the announcement, Mayor Lightfoot detailed how Bally’s met the requirements. These included economical and financial benefits to the city, job creation with Bally’s committing to hiring 60% of its workforce from minority populations, equity, the design of the casino and its location.

Mayor Lightfoot commented: “We are sure-footed Bally's Tribune Publishing Center development testament shore upward the City's pension funds, create thousands of well-paying jobs and atomic number 82 to a brilliant financial hereafter for our city.”

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