Bally’s temporary casino in Chicago, located in the Medinah Temple building in River North, had a successful start to the new year. The casino achieved its best results since opening in September 2023, surpassing the $10 million mark in gross gaming revenue in January. This was $6.8 million more than in September and a 9.1% increase from December.
The casino’s success is particularly significant given the poor weather conditions that affected all Chicago casinos and prevented month-over-month revenue growth. Despite these challenges, Bally’s Chicago casino was the only one in Illinois to achieve an increase in revenue compared to the previous month.
The casino’s amenities, including free parking and a shuttle service, have contributed to its rapid growth. Mark Wong, Vice President and General Manager of the Chicago casino, expressed the company’s satisfaction with the results and highlighted the popularity of the free parking and shuttle service among visitors.
Since opening, the casino’s monthly gross gaming revenue has risen from $6.8 million to an impressive $10.8 million. Furthermore, the casino has become the second-most visited in the state, with over 88,000 admissions.
However, despite the casino’s success, there were some disappointments. The profit in the first three months of operations was lower than expected, with the city earning $3.1 million from the casino’s $30 million profit, $9.7 million less than the expected $12.8 million. These earnings were meant to fund the city’s police and fire pensions.
Bally’s new casino currently employs over 620 people, with a strong commitment to diversity, as evidenced by the fact that 82% of employees are minorities, more than 50% are women, and 63% are Chicago residents.
Looking ahead, the construction of the permanent casino site in River West is set to begin in 2024, with plans for the casino to open in 2026. Overall, Bally’s temporary casino in Chicago has seen significant success in the new year, setting the stage for further growth and development in the future.