Bally’s Corporation has officially locked up financing for its highly anticipated casino project in Chicago, marking a major milestone for the gaming and entertainment company. The news comes as Bally’s released stunning new renderings of its proposed tower plan, showcasing a sleek and modern design that is sure to make a statement in the Windy City’s skyline.
The financing for the project is reported to be in the ballpark of $1 billion, a substantial investment that underscores Bally’s commitment to bringing a world-class gaming experience to Chicago. The company has secured funding from a consortium of banks and financial institutions, solidifying its position as a major player in the competitive casino industry.
“We are thrilled to announce that we have successfully secured financing for our Chicago casino project,” said George Papanier, President and CEO of Bally’s Corporation. “This is a significant milestone for us and a testament to the strength of our business and the confidence of our investors. We are excited to move forward with this ambitious project and bring a new level of entertainment and excitement to the city of Chicago.”
In addition to securing financing, Bally’s has also unveiled new renderings of its proposed tower plan, showcasing a stunning design that promises to be a standout feature of the city’s skyline. The sleek and modern tower is slated to rise 30 stories high and will include a mix of hotel rooms, restaurants, and entertainment venues, as well as a state-of-the-art casino floor that will offer a wide range of gaming options for guests.
The renderings show a sleek and modern architectural design, with glass facades and clean lines that give the tower a contemporary and sophisticated look. The tower will be situated in a prime location in downtown Chicago, offering stunning views of the city skyline and Lake Michigan.
“We are very proud of the design of our new tower plan,” said Papanier. “We wanted to create a building that is not only visually striking but also functional and inviting for our guests. We believe that this tower will be a landmark in the city of Chicago and a destination not to be missed.”
Construction on the new tower is expected to begin later this year, with an anticipated opening date in late 2023. Bally’s Chicago casino project is expected to create thousands of jobs for the local community and generate significant revenue for the city.
Overall, the news of Bally’s securing financing for its Chicago casino project and releasing renderings of its new tower plan has generated excitement and anticipation among gaming enthusiasts and city residents alike. With its bold vision and commitment to excellence, Bally’s is poised to make a significant impact on the Chicago gaming landscape for years to come.
