Gaming News

Towns pairing with casino partners in bid for gaming license

CHICAGO, Illinois -- As reported by the Chicago Tribune: "The latest chapter in Illinois' long-running saga to open a casino in the Chicago suburbs will begin to unfold this week as regulators move forward with plans to reissue the state's only dormant gambling license by year's end.

"The decade of delay, however, could cost the state millions as companies weigh the value of a gambling license amid a faltering economy in a state with a new indoor smoking ban and high casino taxes.

"That's not stopping cash-craving towns from again pairing up with casino partners and investors in a search for riches.

"Waukegan, Des Plaines, Country Club Hills and Calumet City all have business partners submitting bids for the license by Tuesday's deadline, and the Illinois Gaming Board plans to announce the full list of those vying for a casino on Wednesday.

"...Gaming Board attorney Michael Fries said members will consider several factors, including location and revenue-sharing with local communities..."

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