The project, located along the Chicago River, is envisioned to be a casino, entertainment and hotel destination, with 3,400 slots, 170 table games, 10 food and beverage venues and a 500-room hotel tower with rooftop bar. “With this new real estate partnership, Bally's has ample liquidity on hand to fund Bally's Chicago without needing to access the capital markets.' 'This transaction is an important step in our development plan for Bally's Chicago as we continue to work toward opening the temporary casino in mid-2023,” said Bobby Lavan, chief financial officer of Bally's in a news release.

Bally's has named the project's general contractor, which includes a management team of minority-led firms called the Chicago Community Builders Collective consisting of Brown & Momen, Inc., d’Escoto, Inc., LiveWire Construction, Inc., Milhouse Engineering & Construction, Powers & Sons Construction, UJAMAA Construction, Inc., Riteway-Huggins Construction Services, Inc., SQN Associates, LLC, and Gilbane Building Company.

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