GLPI provides update on $1.19bn Bally’s Chicago casino development
The integrated resort will feature a 178,000 square-foot casino with over 3,300 slot machines and 170 table games, alongside a 500-room luxury hotel.
Key Points
- GLPI’s $1.19bn Chicago casino resort project has completed major foundation work and begun vertical construction phases
- The 178,000 square-foot facility will feature over 3,300 slots, 170 table games and a 500-room luxury hotel when it opens in Q4 2026
- Construction progress includes completed demolition, caisson installation and ongoing concrete work for foundation walls and underground infrastructure
Gaming and Leisure Properties (GLPI) has provided an update on its $1.19bn investment in Bally’s Corporation’s flagship Chicago casino resort.
The integrated project, located on the former Chicago Tribune site in the city’s River West neighbourhood, is designed to become a major entertainment destination, with completion targeted for the fourth quarter of 2026.
The development will feature a 178,000-square-foot casino with more than 3,300 slot machines and 170 table games, alongside a 500-room luxury hotel, dining and nightlife venues, event space and a new riverwalk with green space.
According to the update, several milestones have been achieved, including demolition of the Tribune buildings, installation of caissons, completion of trench excavation and the assembly of the first crane for steel erection.
Current activity on-site includes concrete pours for foundation walls and slabs, rebar and formwork installation, and underground electrical and plumbing work. Steel deliveries are ongoing, with structural wall construction advancing along Chicago Avenue.
Upcoming work will focus on vertical concrete construction for the hotel tower, steel erection for the casino and preparation for additional cranes. Curtainwall fabrication for both the hotel and casino is also underway.
The Chicago project is part of Bally’s broader “Bally’s 2.0” transformation strategy, which has included regional casino expansion and the sale of its international interactive business to Intralot.
Last month, Bally’s also completed its first community investment round in the Chicago development, allowing local residents to acquire a direct stake in the project.
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