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A Chicago casino is one step closer to reality — what to know

CHICAGO - Bally's is one step closer to making a Chicago casino a reality.

The company has officially filed its application with the Illinois Gaming Board.

Bally's is proposing to build a $1.74 billion casino in River West. It is not expected to open until 2026.

In the meantime, Bally’s hopes to open a temporary casino at the historic Medinah Temple downtown.

The next step is winning license approval from the state.

Bally’s has proposed 3,400 slots, a 3,000-seat entertainment center, a hotel with up to 500 rooms, a 1,000-seat outdoor music venue and exhibition space including a Chicago sports museum.

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