Bally’s Chicago Casino – Special Council Votes in Favor of $1.7B Project
- Chicago City Council committee votes in favor of a new $1.7 billion casino next to the Chicago River.
- The special committee has referred the matter to the full council who will confirm their stance on Wednesday, May 25.
- The committee vote of 27-3 in favor of the project indicates that it will be approved by the full council.
Although legal online casinos in Illinois are accessible to Chicago players, a new land-based venue could soon be a reality.
On Monday, Chicago Mayor Lori Lightfoot met with members of UNITE HERE Local 1 chapter at City Hall as the labor union put boots to the ground in favor of Bally’s $1.7 billion casino proposal. Just a matter of a few hours later, a special committee comprised of the Chicago City Council agreed with the proposition. This has now been referred to the full council, who are set to vote on passing the proposal.
Here’s what we know about the exciting new casino project for the city.
Will Bally’s Open a Casino in Chicago?
If Monday’s vote was anything to go by, it appears that plans for the new venture will be signed off.
The full council will meet on Wednesday with the choice of passing or rejecting any amendments to Chicago’s existing laws covering casino gaming in the city. Furthermore, they will need to rubber-stamp an agreement between the city and the corporation.
With a 50-member City Council that has already voted overwhelmingly in favor of the casino setting up shop in Chicago, it appears that things are well on track. This means that anyone playing at real money online roulette sites, online poker, or any other casino game, for that matter, could also have the option of doing so in person.
Christopher Jewett, Bally’s Vice President of Corporate Development, recently indicated that he expects the right result for Bally’s.
If the vote is favorable, Chicago is set to net $40 million from the gaming giant. From here, it’s up to the Illinois Gaming Board to decide whether to grant Bally’s a license or not. If a license is awarded, the rezoning process for the project will be undertaken. As it stands, the site of the Chicago Tribune’s printing plant is the desired area for the casino.
Why Bally’s Casino for Chicago?
On May 5, Mayor Lightfoot confirmed that Bally’s was the preferred casino partner for the city.
In a process that took one year to finalize, the city rejected proposals from Hard Rock International and Rush Street Gaming in favor of the winning bid. Lightfoot claimed that Bally’s bid stood out from the competition, with a bid that was more in line with the values the city holds.
While the idea of a brand new casino complex in Chicago is exciting, it will take some time to prepare.
Until then, you can always pick a live dealer online casino and test your luck. It’s not a bad idea to prepare your game before you pass through the doors of the new development, especially if you are keen on winning money on card or table games!