What's Happening?
The Hollywood Casino Aurora is set to close its riverboat operations on June 10, marking the end of over 30 years of riverboat gambling on the Fox River. This closure precedes the opening of a new $360 million land-based casino complex two weeks later.
The new facility, located near Interstate 88 and the Chicago Premium Outlets mall, will feature 1,200 gaming positions, a 226-room hotel, a 12,000-square-foot event center, and various dining options. The transition from riverboat to land-based operations reflects a broader trend in Illinois, where regulatory changes have allowed casinos to move to dry land. The Hollywood Casino Joliet, which made a similar transition in August, has seen a significant increase in revenue and attendance.
Why It's Important?
The shift from riverboat to land-based casinos in Illinois represents a significant change in the state's gambling landscape. This transition is expected to boost economic activity by attracting more visitors and increasing revenue. The new Hollywood Casino Aurora is anticipated to replicate the success of its Joliet counterpart, which has already seen a 66% increase in adjusted gross receipts. The move is part of a larger trend facilitated by the state's 2019 gambling expansion bill, which allows for the construction of new casinos and the relocation of existing ones to land. This development is likely to enhance the competitiveness of Illinois' casino industry, drawing more patrons and potentially increasing state tax revenues.
What's Next?
Following the closure of the riverboat operations, the new Hollywood Casino Aurora is scheduled to open on June 24, pending approval from the Illinois Gaming Board. The transition is expected to attract significant attention from both local patrons and tourists. Additionally, other casinos in Illinois are undergoing similar transitions or expansions, such as the American Place in Waukegan, which recently began construction on its permanent facility. These developments indicate a continued evolution of the state's gambling industry, with potential implications for regional economic growth and employment opportunities.
