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Proposals Invited For Casino License

CHICAGO – As reported by the Associated Press: ``The sale process for Illinois' unused 10th casino license, now held by the bankrupt Emerald Casino, is scheduled to start next month.

``Initial proposals must be submitted to an investment banker Jan. 19, with bidders and their locations to be made public the next day, said Joseph Schorer, a lawyer for Emerald.

``The Illinois Gaming Board will pick three finalists Feb. 23. Those three will make presentations to the board during a public meeting March 1.

``The board will identify a leading bidder March 5, an auction will be held March 10 and a winner will be announced March 15…"

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