Bally’s Corporation has unveiled new renderings of its highly anticipated Chicago casino, showcasing a sleek and modern design that promises to be a game-changer for the Windy City’s gaming scene. The company also announced that it has secured financing for the project, which is expected to cost upwards of $600 million.
The new renderings, created by renowned architectural firm Skidmore, Owings & Merrill, depict a stunning glass and steel structure that will surely become an iconic landmark on the Chicago skyline. The casino will feature a spacious gaming floor with hundreds of slot machines and table games, as well as multiple restaurants, bars, and entertainment venues. The design also includes a luxurious hotel with over 300 rooms, as well as a spa, fitness center, and rooftop pool.
In a statement, Bally’s CEO George Papanier expressed his excitement about the project, saying, “We are thrilled to unveil these new renderings of our Chicago casino, which will undoubtedly set a new standard for gaming and entertainment in the city. We have spared no expense in creating a world-class destination that will attract both locals and tourists alike.”
The financing for the project was secured through a combination of equity and debt financing, with prominent financial institutions such as Goldman Sachs and JPMorgan Chase participating in the deal. This funding will allow Bally’s to move forward with construction on the casino, which is expected to begin in the coming months.
Chicago Mayor Lori Lightfoot also weighed in on the news, praising Bally’s for its commitment to the city and its residents. “This new casino will not only bring jobs and economic development to Chicago, but it will also provide much-needed revenue for our community,” she said. “I look forward to seeing this project come to fruition and the positive impact it will have on our city.”
The Chicago casino is just one part of Bally’s ambitious expansion plans, which also include new properties in other major cities such as New York and Philadelphia. With a proven track record of success in the gaming industry, Bally’s is poised to become a major player in the increasingly competitive market.
Overall, the release of the new renderings and the securing of financing for the Chicago casino has generated a buzz of excitement among both investors and residents. As construction gets underway, all eyes will be on Bally’s as it works to bring its vision for a world-class gaming destination to life in the heart of the Windy City.
