The club is proposing to create a multi-purpose arena suitable for football fixtures, pop concerts, athletics meetings and cricket matches. The City of Birmingham Stadium would be less than a mile away from the club's current ground, St Andrews, which has a capacity of 30,000.
Located on a 20ha site in the Saltley area of the city, the development would encourage regeneration of the Eastside area and create up to 3,000 jobs, the club claimed.
But it warned that the £200 million stadium will not go ahead unless it is combined with one of the government's proposed eight regional super casinos. This rests on whether operator Las Vegas Sands, which has been in talks with the club and the city council, will be allowed to operate at the site.
Citing the benefits of this arrangement, the club's managing director Karren Brady said: "No taxpayers' money will be used. It's important to understand that this is not just about Birmingham City. It is a once in a lifetime opportunity that would benefit all the people of Birmingham."
Club chairman David Gold added: "Birmingham is one of Europe's great cities with many cultural centres, but it does not have a great stadium. It should."