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Bally's Casino construction site land acquisition deal signs off for a hefty sum of $250 million.

Real Estate Transaction: Gaming and Leisure Properties, Inc. seal $250 million deal with Blue Owl Capital for Chicago's Bally's Casino development site.

Real estate firm Gaming and Leisure Properties completes $250 million land acquisition with Blue...
Real estate firm Gaming and Leisure Properties completes $250 million land acquisition with Blue Owl Capital, marking the development site for a Bally's Casino in Chicago.

Bally's Casino construction site land acquisition deal signs off for a hefty sum of $250 million.

Rewritten Article:

Catch the Pulse: Bally's Casino Set to Storm Chicago in 2026

By: Grant 'Milemitchell' Mitchell, 09/12/2024 06:30 | Financial News 📸 Photo by Wikimedia Commons, CC by 3.0

Get your chips ready! The much-anticipated Bally's casino in Chicago officially has a launch date: before September 2026!

While the temporary Bally's casino has been holding down the fort for a solid year, it's the full-scale casino resort that has everyone on the edge of their seats. This entertainment complex, complete with a swanky 500-room hotel, is set to rise on the North Branch of the Chicago River in the River West neighborhood.

Grant Mitchell, a sports-loving sports-betting expert and Forbes-recognized journalist, brings you the latest updates on this exciting project. An alumnus of Virginia Tech and formidable former NCAA track and field athlete, Grant's knack for detail and passion for sports keep him at the forefront of the sports betting industry. When he's not hard at work, you can catch him breaking a sweat at the gym, strolling through the city, or catching the game of the day.

🔔 Stay in the Loop with Grant MitchellFollow Grant Mitchell on x.com/milemitchell

What's On the Horizon for Bally's Casino?

  • The opening of the permanent casino resort is slated for the fourth quarter of 2026
  • Demolition of existing structures started in August 2024

oderful news for the city's finances: it's expected that the full casino will generate a staggering $35 million in annual taxes. But that's just an educated guess—the exact figures on projected tax revenue aren't publicly available yet. Nonetheless, Bally’s significant investment and the ambitious project's scale suggest that this casino will undoubtedly leave a hefty mark on local tax revenues once it's up and running.

Get in on the action and catch the wave of excitement as the Bally's casino prepares to make its grand entrance in Chicago! If you're keen to know more about this thrilling development or want to stay informed about other key headlines in the sports betting industry, remember to check in with Grant Mitchell at x.com/milemitchell. Good luck, and may the odds be ever in your favor! 🍀🎉🎲🎯🎉

  1. Bally's casino in Chicago, set to open in the fourth quarter of 2026, will feature a plethora of online slot machines, offering an immersive gaming experience to all visitors.
  2. In addition to the slot machines, Bally's casino will also offer sports betting opportunities, allowing patrons to place wagers on their favorite sports and teams, creating an exciting environment for sports enthusiasts.
  3. With the annual tax revenue from the casino projected to reach an impressive $35 million, the financial impact of Bally's casino in Chicago is sure to be substantial, providing a significant boost to the city's economy.

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