City of Chicago releases proposals for first casino-resort

The City of Chicago is releasing a summary of 5 proposals received through its RFP process to create a casino-resort and entertainment experience in Chicago.

A global gateway city with 9.5 million residents, Chicago welcomed 60 million domestic and 1.5 million international visitors in 2019. The selected bidder will be able to incorporate its property into the city’s cultural scene, public transit infrastructure, and diversified economy.

Chicago mayor Lori E. Lightfoot said: “The calibre of the proposals from Bally’s Corporation, HR Chicago LLC, Rivers Chicago at McCormick LLC and Rivers Gaming LLC are in line with our vision to develop a world-class experience in Chicago that will drive significant economic growth and employment opportunities for our communities,”

“Each proposal provides a unique vision for what Chicago’s casino-resort could look like, and our expert review committees are ready to dive into discussions to usher in a new and exciting era for our city.”

The proposals are as follows:

  • Bally’s Corporation, Proposal 1: $1.8 billion property in the Chicago Tribune Publishing Center with 500 rooms; six restaurant/cafes and a food hall; three bars and lounges; 3,000-seat, 70,000 sq. ft. entertainment venue; 20,000 sq. ft of exhibition space; outdoor/rooftop green space including bars, lounges and pools; 3,400 slots and 173 table games. Bally’s at Tribune Executive Summary.
  • Bally’s Corporation, Proposal 2: $1.6 billion property in McCormick Place Truck Marshaling with 500 rooms; six restaurant/cafes and a food hall; three bars and lounges; 3,000-seat, 70,000 sq. ft. entertainment venue; 20,000 sq. ft of exhibition space; outdoor/rooftop green space including bars, lounges and pools; 3,400 slots and 173 table games. Bally’s at McCormick Executive Summary.
  • HR Chicago, LLC: $1.7 billion property from Hard Rock International at ONE Central project site with up to 500 rooms, eight restaurant/cafes and a food hall, six bars and lounges, 3,500-seat Hard Rock Live, Rock Spa, Hard Rock Music and Entertainment Experience, 3,400 slots and 166 table games. Hard Rock Executive Summary.
  • Rivers Chicago at McCormick, LLC: $1.3 billion property at Lakeside Center at McCormick Place managed by Rush Street Gaming, LLC utilizing McCormick Place’s 2,900 hotel rooms with ability to add 250 or more additional rooms; 12 restaurant/cafes and a food hall; four bars and lounges in addition to full bars at seven restaurants; 4,200-seat updated Arie Crown Theater; direct covered access to McCormick Place Convention Center; dramatic lakefront setting with outdoor dining, entertainment and other lakeside programming; 2,600 slots and 190 table games. Rivers at McCormick Executive Summary.
  • Rivers 78 Gaming, LLC: $2.0 billion property managed by Rush Street Gaming, LLV in the eight-acre riverfront entertainment district at the northern end of the mixed-use 78 neighborhood with 300 rooms; eight restaurant/cafes and a food hall, five bars and lounges; Riverfront plaza; Observation Tower with indoor/outdoor viewing space; Harbor Hall multi-purpose riverfront venue for live entertainment, culture/arts and community programs with rooftop space; 2,600 slots and 190 table games. Rivers at 78 Executive Summary.

The Proposal Review Team includes experts made up of a cross-section of City department leaders who will determine the recommended winning bidder. This recommendation will be made by the review committee to Mayor Lightfoot who will ultimately make the determination with City Council approval. The City has set a robust timeline to make a selection in this process. Applicants will present their proposals to the public on December 16 with location and timing forthcoming.