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Companies Extend Illinois License Bid

ILLINOIS – As reported by the Associated Press: "Two casino companies on Wednesday extended their bids for the state's 10th and only unused riverboat license while awaiting the results of an investigation to determine if one of them is a suitable choice.

"Mississippi-based Isle of Capri Casinos Inc., chosen in March as the winning bidder for the license now held by bankrupt Emerald Casino Inc., extended its $518 million bid to build in Rosemont until Dec. 31, said Joseph Schorer, attorney for Emerald.

"Midwest Gaming and Entertainment LLC, which bid $476 million to build in Des Plaines, extended its bid until Dec. 15, Schorer said.

"The Illinois Gaming Board and its staff are investigating whether Isle of Capri is suitable to run an Illinois casino before the license sale is fully approved. If the board determines the company is not suitable, it would turn to the remaining bidders…"

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