Bally’s Chicago posted 15% hold on slots in first nine months

Thursday, August 1, 2024 3:48 PM
  • Chris Altruda, USBets

Bally’s temporary casino in downtown Chicago posted a robust 15%-plus hold on casino slots and electronic gaming devices (EGD) spanning its first nine months, according to a fulfilled Freedom of Information Act request by the Illinois Gaming Board. That win rate against $396.1 million in coin drop spanning last September through May is the highest among its seven properties where drop and revenue figures are available from state agency reports.

Bally’s, which last week agreed to be acquired by Standard General in a $4.6 billion valuation based on the $18.25 per share offering, will soon begin construction on its $1.7 billion permanent venue in the River North neighborhood of Chicago with a target opening date of September 2026. It secured $940 million in funding for the project shortly before being acquired by Standard General, lifting the overall capital total above $2 billion.