Illinois Gaming Board (IGB) has authorised the relocation of Holywood Aurora and Hollywood Joliet casinos owned by Penn Leisure. The mother or father firm of the 2 suburban Chicago casinos and the Ameristar On line casino facility positioned in Jap Chicago acquired the approval to reconstruct Joliet and Aurora at extra handy places.
Important Step:
As KPVI stories, Penn Leisure plans to speculate round $545 million into the 2 Hollywood On line casino gaming properties following the IGB’s approval. Marcus Fruchter, the IGB administrator, reportedly commented: “Approval of the relocation proposals for the Hollywood Aurora and Hollywood Joliet casinos is a big step within the regulatory course of to convey new gaming venues to those host communities.”
Fruchter added: “The IGB will work with Penn Leisure because it strikes by way of the regulatory course of to make sure these relocated on line casino venues are constructed, opened, and operated in an environment friendly, moral, and compliant method.”
In keeping with the supply, Penn Leisure officers had been conscious that the aggressive Chicago market requires big investments to run Hollywood Casinos into profitability and avail of the chance to create quite a few jobs in each communities. The relocation plans testify about Penn’s adoption of sensible prospects for the suburban websites and appear adjusted to the corporate’s monetary estimates concerning the brand new places.
Joliet Relocation:
In keeping with the supply, Penn will change the Hollywood On line casino riverboat on the Des Plaines River positioned southwest of Will County metropolis with the $185 million Joliet land-based on line casino undertaking which will likely be positioned within the Rock Run Crossings growth on the close by intersection of Interstates 80 and 55. The brand new Hollywood Joliet On line casino will embody round 800 slot machines and 45 desk video games, in addition to a Barstool Sportsbook, prestigious bars and eating places, convention and assembly area, and an occasion facility.
Aurora Relocation:
Hollywood Aurora On line casino will not be developed on a downtown island within the Fox River as initially deliberate. As a substitute, the land-based on line casino will likely be constructed in a location near Interstate 88, close to the Chicago Premium Retailers Mall and the Fermilab campus. The $360 million growth will embody on line casino area with nearly 900 slot machines and 50 desk video games.
Awaiting Regulatory Approvals:
It will reportedly be the second-largest Penn growth within the Chicago space after its East Chicago growth, Ameristar On line casino, providing 1,177 slot machines and 42 desk video games. However the Aurora facility is ready to have comparable options as Ameristar and can embody a 200-room lodge, a wellness middle, bars and eating places, convention and assembly area, and an occasion facility.
The development of the Hollywood Joliet and Hollywood Aurora on line casino tasks is reportedly scheduled to begin by the top of 2023 following closing regulatory approvals and permits now that the IGB has authorised the relocation of topic properties.
