Lori Lightfoot in Springfield, pushing for Chicago casino

Revised Chicago casino bill In late May, the Illinois legislature passed Public Act 101-06481, which, among other gaming-related items, provided a fix to last year’s gaming expansion bill that established an exceptionally onerous gaming revenue tax on the casino license destined for the City of Chicago. Union Gaming Analytics produced the financial feasibility study on behalf of the Illinois State Sen. Terry Link, D-Vernon Hills, the Senate sponsor of the bill, said the Chicago casino would allow for 4,000 gaming positions, making it more than three times larger than any casino Overview of the Bill (A) Expansion of Casino Gaming • New Casinos. Six new casinos are authorized; one located at each of the following locations: o City of Chicago o City of Danville o City of Waukegan o Any one of the following townships of Cook County: Bloom, Bremen, Calumet, Rich, Thornton, or Worth o City of Rockford o Williamson County adjacent to Big Muddy River [near Carbondale, IL Chicago Casino Bill Shot Down, Mayor Rahm Emanuel Reportedly Pleased. Posted on: May 30, 2018, 11:00h. Last updated on: May 30, 2018, 09:24h. An amended Senate Bill 669 was on deck in Cullerton’s chamber Wednesday evening, but the lawmakers gaveled out for the evening without calling it for a vote. Under the existing proposal, both the city and state would see less tax revenue at graduated rates, but the state’s cut would be more significant. It would also remove a number of startup costs for a potential developer of a Chicago Then Lori Lightfoot became mayor and within two weeks the state legislature passes a huge gambling expansion bill that includes the long-illusory Chicago casino. What gives? The difference was having a governor who also made it a priority — and who packaged it with a $45 billion infrastructure program, said Doug Dobmeyer, a longtime casino opponent. He pointed out that Gov. J.B. Pritzker and Chicago is a once-in-a-generation opportunity for gaming and entertainment development in the heart of a top-tier metro area The City’s scale and connectivity provide an immense market to serve, and the stock of entertainment and cultural assets provide a wealth of opportunities to craft a one-of-a-kind destination for locals and visitors alike Number #1 most-connected airport in the country In a pitch to lawmakers in Springfield on Tuesday, Chicago Mayor Lori Lightfoot pegged the estimated revenue for a Chicago casino at $1.2 billion, a take that would funnel $940 million to the At issue with the Chicago casino is the tax structure for any potential developer in light of a state-commissioned study that deemed the taxes “too onerous” for anyone to turn a profit. And a bill that could potentially have an impact on a casino in the City of Chicago will come to fruition. This increase in gaming supply will generally have an adverse impact on potential gaming revenues for a casino in the City of Chicago as much of this increase in gaming supply will be competitive from a geographic perspective and thus will compete for many of the same customers. The elements

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