Harrah's Joliet
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Harrah's Joliet is a
riverboat casino A riverboat casino is a type of casino on a riverboat found in several states in the United States with frontage on the Mississippi River and its tributaries, or along the Gulf Coast. Several states authorized this type of casino in order to en ...
in
Joliet, Illinois Joliet ( ) is a city in Will County, Illinois, Will and Kendall County, Illinois, Kendall counties in the U.S. state of Illinois, located southwest of Chicago. It is the county seat of Will County, Illinois, Will County. It had a population of ...
, outside
Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
, operated by Caesars Entertainment. It has 1,138
slot machine A slot machine, fruit machine (British English), poker machine or pokie (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. A slot machine's standard layout features a screen disp ...
s, 204 hotel rooms, and 4 restaurants.


History

The city began a downtown revitalization effort called Joliet City Center in 1990. The plan called for a greater emphasis on the Des Plaines riverfront, including the construction of a slip for riverboat gambling, which had been legalized by the state earlier that year. Early discussions were held between Joliet and Harrah's, operator of casinos in Nevada and Atlantic City, but it was Missouri hotel developer John Q. Hammons who moved forward and was awarded the gaming license. Hammons then brought Harrah's on board to operate the business and own an 80 percent share. Hammons' stake was initially to be financed by Harrah's, but this led to concern from the Illinois Gaming Board that Hammons was "selling" the license, so Hammons used his own money and outside funding sources instead. Harrah's Joliet launched its first boat on May 4, 1993, a 210-foot yacht named the Northern Star, with 500 slot machines and 40 table games. A second vessel with a more traditional paddleboat look, the Southern Star, was added the following January. A $29-million hotel was added in 1999, with 204 rooms on 11 floors. After state law was changed to allow riverboat casinos to remain permanently docked, instead of cruising every two hours, Harrah's replaced its boats in 2001 with two joined barges, with 40,000 square feet of gaming space with 1,138 slot machines and 31 table games. In October 2017, Caesars Entertainment (formerly Harrah's) transferred its 80 percent ownership stake in the property to
Vici Properties Vici Properties Inc. is an American real estate investment trust (REIT) specializing in casino and entertainment properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankr ...
as part of a
corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...
; Caesars continued to operate Harrah's Joliet under a lease agreement.


See also

* List of Caesars Entertainment properties * List of casinos in Illinois


References


External links

* {{Caesars Entertainment Casinos in Illinois 1993 establishments in Illinois Caesars Entertainment Riverboat casinos in Illinois Buildings and structures in Joliet, Illinois Casino hotels in Illinois