Hollywood Casino Aurora to Begin Construction of $360M Land-Based Resort
Hollywood Casino Aurora officials say ground testament be wiped out(p) tomorrow, Nov. 29, on the property’s forthcoming brick-and-mortar resort. The $360 jillion evolution comes more than quatern years after lawmakers inwards IL agreed to grant riverboats to move inland.
Hollywood Aurora manipulator William Penn Entertainment told Casino.org today that a groundbreaking ceremony ceremonial occasion testament be held tomorrow at 2:45 pm CT. The event will grade the showtime of the mental synthesis project, which is expected to take 24 months to complete.
“We are thrilled to presently lead off expression on a new, state-of-the-art Hollywood Casino Aurora,” said Jay Snowden, William Penn Entertainment CEO and president.
Hollywood Casino Aurora is a riverboat gaming terminus that opened inward June 1993. The casino opened as ii riverboat vessels but was later replaced past a 70,000-square-foot floating, half-circle for good moored structure.
Through October, Hollywood Casino Aurora has generated gross gaming revenue (GGR) of more or less $81.9 million. That ranks fourth twelvemonth to appointment among the state’s 15 casinos.
Resort Development
Illinois lawmakers inward 2019 in agreement(p) to allow casinos to run inland. William Penn Entertainment inwards Oct 2022 announced its intentions to build a young land-based cassino inward Aurora to replace the senescent natation facility.
Penn and its primary landowner, Gaming and Leisure Properties, Inc. (GLPI), that same month agreed to terms regarding the financing of a brick-and-mortar developing in Aurora. GLPI in agreement(p) to bankroll $225 jillion to relocate Hollywood Casino Aurora inland. The riverboat currently floats inwards the Charles James Fox River. GLPI owns the physical assets of Hollywood Aurora and leases the casino’s operations to Penn.
The lasting resort land site is almost 3.5 miles nor'-east neighboring(a) to the Chicago Premium Outlets. The shopping complex, Penn Entertainment says, attracts more than octad million visitors annually.
Penn Entertainment will finance the remaining $135 million, with $50 one thousand thousand funded through bonds issued past the City of Aurora.
Our tremendous and long-lasting partnership with the City of Aurora has provided an opportunity to relocate our prop to an saint location that testament significantly improve our offerings and farther our positive degree economical wallop on the community,” Snowden added.
The planned gambling casino resort includes a cassino base with 1,200 gaming positions, inclusive of expansion slot machines and tabular array mettlesome chairs. A retail sportsbook testament be attended past several bars and restaurants.
As for the resort, an on-site hotel testament proffer 220 guestrooms, a full-service spa, and 12,000 foursquare feet of pattern and case space. Approximately 1,700 parking spaces are also included.
Penn Entertainment says the resort hotel will outcome in 700 lasting jobs, patch grammatical construction testament live expected to create 700 temporary positions. Hollywood Casino Aurora will uphold operating as a riverboat during the construction of the land-based destination.
Penn Spending Spree
Penn Entertainment’s Hollywood Casino Aurora is division of the company’s $850 meg investment overhaul of Little Joe casinos. In improver to Aurora, Penn, with $575 jillion inward financial reinforcement from GLPI, is redeveloping and/or expanding Hollywood Casino Columbus inward Ohio, M Resort southward of Las Vegas inwards Henderson, and Hollywood Casino Joliet in Illinois.
Penn to boot proclaimed inward August that it would spend $1.5 one million million to utilise the ESPN brand inward its unexampled sports betting business. The ESPN Bet sportsbook went live inward 17 states before this month. IN is one of those 17 states. ESPN Bet gained more than 1.1 1000000 downloads during its foremost calendar week inwards operation.
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