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Chicago Casino Update

CHICAGO IL CASINO PROJECT

Chicago, Illinois

A new Chicago casino will be licensed soon as part of the recent gambling expansion program in Illinois. It will be the largest casino in the state with 4,000 gaming machines.

Chicago Casino Timeline

June 28, 2019
The Rebuild Illinois Act became law after its signing by Gov. Pritzker. The new law brings a vast expansion of gambling to Illinois including the licensing of new casinos in six cities. One of the cities designated for a casino is Chicago.

July 15, 2019
The Illinois Gaming Board was given 10 days to hire a private consulting company to research the market feasibility for a new casino in Chicago. Deadline July 15.

August 30, 2019
The findings of the consulting company are to be submitted in a report to the city within 45 days.

November 30, 2019
The city has 90 days to complete its review and submit its recommendation to the Illinois Gaming board for a final decision.

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Five Chicago Casino Sites Under Consideration

On July 17 Chicago Mayor Lori Lightfoot told the press there are five potential sites that may qualify for the first city casino. . All are on the south and west sides of Chicago.

Pershing Road and State Street
This location is near Guaranteed Rate Field, the baseball stadium of the White Sox. The area has the highest volume of vehicle traffic.

Michael Reese Hospital Area
This is near McCormick Place Convention Center and has the lowest neighborhood crime rate.

Harborside Area
This location at 111th Street and the Bishop Ford Freeway has the lowest population density and is closest to the Indiana casinos.

Roosevelt and Kostner

Former U.S. Steel Site
Location is 80th Street and Lake Shore Drive.

Chicago-Area Casino Market

The greater Chicago area currently has $2 billion in annual revenues ranking it the third city in the nation behind Las Vegas and Atlantic City.

There are currently five Illinois casinos and four Indiana casinos within proximity of Chicago. In the next few years there will also be additional Illinois casinos in Rockford, Waukegan, South Suburbs and Williamson County.

Illinois Casinos
Grand Victoria Casino - Elgin
Harrah's Joliet
Hollywood Casino Aurora
Hollywood Casino Joliet
Rivers Casino Des Plaines

Indiana Casinos
Ameristar East Chicago, IN
Blue Chip Casino & Hotel - Michigan City, IN
Horseshoe Casino - Hammond, IN
Majestic Star Casinos & Resort - Gary, IN


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