Plans for a sportsbook at American Place Casino in Waukegan and The Temporary by American Place will apparently become a reality thanks to a partnership between operator American Place Full House Resorts and Circa Sports.
Full House Resorts and Circa Sports on Monday announced their partnership securing a sports betting facility at the planned temporary casino in Waukegan that will allow people to wager on sporting events as well as wager on its 1,000 slot machines and 50 table games. planned.
Along with a memorandum of understanding between Full House and the City of Waukegan unanimously approved by City Council on May 2, a clearer picture is emerging of the $500 million development and its benefits to the city.
Already operating the world’s largest sportsbook at its Circa Resort and Casino in Las Vegas, Circa will enter Illinois when Full House’s temporary casino opens in September, according to a press release jointly issued by Full. House and Circa.
In addition to operating a sportsbook in the temporary casino, Circa will bring its mobile sports betting app to Illinois, allowing people to place bets on events whether they’re at a casino or not, according to the release.
Alex Stolyer, senior vice president and chief development officer of Full House, said that in addition to table games, slot machines and dining areas in the temporary casino, there will be a bar with TVs for watching. the sports. Bets will be available at ticket offices and kiosks.
“It will be an integral part of the casino,” he said. “The permanent casino will have a dedicated space like Las Vegas.”
Stolyer said kiosks dotted around the casino will allow people to walk away from a slot machine and place a sports bet just like they would on a cellphone. They will look like an ATM.
“It will give you every chance you would get on the mobile app,” he said.
When the permanent casino opens with a larger sportsbook, there will be between 60 and 80 TV screens to watch sporting events, according to the statement. The mobile app will be available throughout Illinois.
With the approval of the MOU, there is now a clearer picture of the benefits the city will receive and what the company is obligated to do during the construction of the permanent casino.
“The MOU is a big step forward,” Stolyer said. “There are a lot of economic benefits for the city. It is a commitment to the community of what we are going to build.
Stolyer said he expects the permanent facility to open two to three years after the temporary casino goes live. While the temporary casino will be 70,000 square feet, the permanent casino will be 325,000 square feet with 2,000 gaming stations, according to the memorandum.
In addition to the casino, the resort will include a “20-unit, five-star luxury boutique hotel,” four full-service restaurants, a 1,500-seat entertainment venue and a helipad, according to the memorandum. Phase 2 will add a four-star hotel with 150 rooms. If the company determines the hotel is not feasible, it will spend $50 million on other related improvements.
Full House has agreed to lease the roughly 32 acres of city-owned land where most of the casino will be built near the Fountain Square shopping center with an option to purchase the real estate, according to the memorandum. Full House also owns 10 adjacent acres.
The city will receive the greater of $3 million per year in rent or 2.5% of adjusted gross revenue from the operation, according to the memorandum. At any time after the permanent casino opens, Full House can purchase the land for $30 million.