Lightfoot Expresses Concerns Laws May Dampen Casino Profits - NBC Chicago
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Lightfoot Expresses Concerns Laws May Dampen Casino Profits

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    NEWSLETTERS

    Lightfoot Announces Potential Sites for Chicago Casino

    Five potential locations for a new Chicago casino were revealed by Mayor Lori Lightfoot Wednesday, but none of them were in the Loop. NBC 5's Mary Ann Ahern has the details. 

     

    (Published Wednesday, July 17, 2019)

    The Illinois Gaming Board says it will release a study on the feasibility of locating a gambling casino in Chicago.

    The views of Las Vegas-based Union Gaming Analytics will come Tuesday as Chicago Mayor Lori Lightfoot is expressing concern about the ability of a casino to make money.

    Casino gambling in Chicago was authorized this year by the General Assembly. Under the law, a Chicago casino operator would have to pay a $250,000 application fee upfront, a $15 million "reconciliation" fee when the license is issued and up to $120 million in gambling position fees.

    Lightfoot said Monday financial experts have said the upfront tax payments embedded into the casino statute wouldn't allow for a casino operator to be successful.

    Gaming Bill Passes in the House

    Gaming Bill Passes in the House

    Lawmakers in Springfield are finishing some important business Saturday evening. One of the most talked about bills on the table during this spring session is about gambling and sports betting. NBC 5's Lexi Sutter has the latest on this controversial proposal.

    (Published Saturday, June 1, 2019)

    The Gaming Board can ask legislators to reconsider the terms.

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