Hollywood Casino Aurora, a key player in the U.S. casino industry, is launching a groundbreaking $360 million resort project on Wednesday, November 29. This ambitious venture aims to redefine the narrative of the esteemed establishment and give top Bitcoin casinos a run for their money.
Crafting a Visionary Resort
A pivotal development unfolded four years ago when Illinois legislators approved the inland shift of riverboats. Consequently, Hollywood Casino Aurora officials meticulously planned a captivating brick-and-mortar venue. Furthermore, Penn Entertainment, the operator behind Hollywood Aurora, has announced the construction commencement ceremony on November 29 at 2:45 pm CT, marking the start of a 24-month timeline for project completion.
CEO and President Jay Snowden expresses his enthusiasm, stating, “We are excited to begin construction on a cutting-edge Hollywood Casino Aurora.” The riverboat gaming destination, which opened as two vessels in June 1993, has evolved into one of the nation’s premier gambling establishments. Now, it aims to transform its modest floating structure into a permanent, half-circle, brick-and-mortar facility. The financial commitment to this construction project is crucial, given the company’s monthly revenue averaging $81.9 million.
Hollywood Casino Resort Aspirations
In line with these developments, Penn Entertainment and Gaming and Leisure Properties, the property owner, are collaborating on this visionary project. This collaboration reaffirms their dedication to the impending land-based casino. Notably, in an October 2022 financial agreement, Gaming and Leisure Properties committed $225 million to facilitate the relocation of Hollywood Casino Aurora from the coast to the heart of Chicago.
Moreover, the Entertainment company will cover the remaining $135 million, aiming to secure $50 million through bond issues in the City. Snowden acknowledges the enduring partnership with the City of Aurora, emphasizing the positive economic impact of the relocation on the community.
The upcoming casino resort promises to be grander and more sophisticated than its current counterpart. It will feature over 1,200 gaming options, enhanced slot machines, and impressive table games. Additionally, the complex will house a retail sportsbook, multiple bars, and restaurants for patrons’ relaxation. Furthermore, an on-site hotel is set to offer over 200 guest rooms, a full-service spa, and a sprawling 12,000 square feet of event space, complemented by ample parking.
Hollywood Casino’s Impact
Penn Entertainment envisions creating over 600 permanent and temporary job opportunities during the resort’s construction phase. Notably, Hollywood Casino Aurora will maintain its riverboat operations throughout the construction of the land-based destination.
This strategic move aligns with Penn Entertainment’s broader investment plan, involving an $850 million overhaul of four casinos. These include Hollywood Casino Columbus, M Resort in Henderson, and Hollywood Casino Joliet. Additionally, Penn has entered the sports betting arena with the $1.5 billion ESPN Bet sportsbook. This sportsbook was recently launched in 17 states, including Indiana, and amassed over 1.1 million downloads in its inaugural week.
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