The Aurora development also includes land transfers and $50 million in funding from a new bond issuance subject to approval by the Aurora City Council. The Aurora venue is located in the downtown part of the city, but PENN has targeted a location by the city’s Simon Premium Outlet mall, which has a substantial flow of traffic originating from Interstate 88. PENN President and CEO Jay Snowden said in a statement, “With the ability to access attractive financing from GLPI covering up to $575 million of the anticipated costs, along with up to $50 million from the City of Aurora, subject to final approvals, we have the opportunity to pursue these high growth projects while preserving our cash position and leverage profile.” Goal to make Illinois casinos more accessibleĪurora and Joliet rank second and third, respectively, in population among cities in Illinois, with their combined population totaling close to 330,000.

PENN estimates the cost of its four projects nationally to be approximately $850 million, with $575 million funded through amending its master lease with Gaming and Leisure Properties Inc. The gaming expansion bill allowed for casinos in six new locations throughout the state, with the planned Bally’s downtown casino and one by Wind Creek currently under construction in suburban Cook County as the closest to PENN’s existing Aurora and Joliet venues. Illinois currently has 11 casinos in operation, including Hard Rock’s temporary facility in Rockford. One of the provisions of the 2019 gaming expansion bill that legalized sports wagering in the state also removed the requirement that casinos be confined to water. PENN Entertainment announced Monday it will be relocating its Illinois casinos in Aurora and Joliet to land-based locations and constructing new hotels at properties in Ohio and Nevada.īoth Illinois casinos are within 50 miles of Chicago, where Bally’s submitted its application to operate a casino in the downtown area earlier this year.

Caesars Palace Online Casino Bonus Code.

Hollywood joliet casino