Could a Temporary Casino in Chicago Open Next Year?

For more than a year, lawmakers in Illinois have been coming up with plans to open a new casino in the city of Chicago. It’s been a difficult process, yet things finally seem to be moving along. This week, several experts involved with the process presented plans to open a temporary casino in Chicago.Chicago City Skyline

It’s a unique idea, and one that Mayor Lori Lightfoot seems interested in. There’s still a long way to go before this new gaming venue can open, though. Today, we’re going to talk about when and where this casino could open its doors.

Let’s get into it!

Lori Lightfoot Continues Pushing for Chicago’s Casino Plans

Illinois won’t typically come up when thinking of major US gambling destinations. Based on the way things are going, however, that could change over the next few months. In 2019, Governor Pritzker approved a new capital plan that allows for several new casinos to open around the state.

There are several cities that have already gained approval to host one of these new casinos. To the surprise of everyone, lawmakers also approved a measure to allow a casino in Chicago. It’s set to be the first casino ever opened in this city.

Initially, lawmakers planned to set extremely high tax rates on this casino. This kept any casino companies from expressing an interest in operating this casino. Eventually, lawmakers decided to lower this tax rate to make things more appealing for these companies.

Location also became an issue. Officials within Chicago looked at several different areas for this new gambling property. Even today, it’s not entirely clear where the new casino will be located, although a few possibilities have been established.

Late last month, Mayor Lightfoot invited several major casino operators to discuss how they would run this new gambling venue. The mayor and her team wanted to hear more about how this property would operate from different companies. Analysts felt this would help these officials with the casino licensing procedure.

This week, several experts presented the idea to open a temporary gambling venue in this city. It appears that city leaders are interested in this idea.

Plans to Open a Temporary Casino in Chicago Are Being Presented

Many were interested to hear Lightfoot asking for plans to run the new Chicago casino. It’s clear that the mayor believes this gaming venue will benefit the city. Companies around the country have been offering their plans to run this casino.

Lightfoot also asked these company leaders to offer information on whether or not a temporary casino in Chicago would make sense. It seems that many feel this is now a good idea. One location is now already being considered for this venue, as well.

It’s now clear that this casino will open in the Downtown Chicago area. One group now believes that the Lakeside Center is the perfect place for this casino. It’s located near the water and some claim it was initially constructed with a casino in mind.

No one has confirmed this will be the location of this property. Lightfoot has not confirmed that this temporary casino will even open. If it does, however, many believe that the Lakeside Center is the perfect place for it to open.

Analysts predict that the new casino in Chicago will generate an incredible $6.6 billion in annual revenue. Unsurprisingly, city and state leaders want to get this venue open as soon as possible. We’ll need to wait and see if the Lakeside Center ends up being the location of the temporary casino.

Sports Betting Revenue Continues to Increase in Illinois

Back in May of 2018, the Supreme Court made history by striking down PASPA. It was a monumental decision and gave every state around the country the ability to legalize sports betting. Today, 24 states have legal sports betting bills approved.

Illinois officially made sports betting legal in March of 2020. Both land-based and online sports wagering is allowed here. As the months go on, revenue from this industry has been gradually increasing.

Soon, a new sportsbook will open its doors at Wrigley Field. It’s one of the first sportsbooks to open inside a major US professional sports arena. It’s clear that the state’s government officials are embracing this industry.

Sports gambling is growing more popular around the world. Many states are now looking into the possibility of opening sportsbooks inside their stadiums. We’re likely to hear more about this situation over the next few months.

Illinois is slowly becoming a major gambling destination. If everything goes according to plan, we could see a temporary casino in Chicago sometime next year. The real casino here may open its doors a year later.

Do you think a temporary casino makes sense for the city of Chicago? Where do you think it should be located? Let us know in the comments section below!

Lori Lightfoot Wants More Information On the New Casino in Chicago

A little over a year ago, lawmakers in Illinois approved a new measure to allow several more casinos to open around the state. One of these casinos will open in the city of Chicago. This week, Mayor Lori Lightfoot began asking potential developers for more information on the new casino in Chicago.Chicago Mayor Lori Lightfoot

It’s been a long road trying to get this new casino up and running. That’s particularly true now that the global pandemic has shut down casinos around the country. Today, we’ll look at what this new move from Lightfoot means for the Chicago casino.

Chicago Casino Continues to Face Delays Opening

Over the years, Illinois has grown to become a popular casino destination. Lawmakers began taking a closer look at how much revenue was being earned at the gaming venues here. Many called for an expansion and looked at which cities would be willing to host new casinos.

In June of 2019, Illinois Governor JB Pritzker officially signed a new capital plan that allows for six new casinos to open around the state. Hope is that the revenue earned from these venues can go towards many of the state’s upcoming infrastructure projects.

One of the most interesting points of this new plan was opening a new casino in Chicago. This would become the first legal Class III gambling venue to ever open in “The Windy City.” It quickly became clear that doing so would be difficult, though.

Illinois set an unusually high tax rate on this proposed casino that kept potential operators away. Most felt it would be impossible to make a profit. Eventually, lawmakers agreed to lower this tax rate to better cater towards casino companies.

Location also became an issue. Several different areas were looked at to host the new casino in Chicago. None were overly appealing to potential operators of the casino. It’s still not entirely clear where this property will be located.

City officials are interested in finding out which companies want to run this casino. Lori Lightfoot is now inviting potential developers to speak about their plans.

Developers Are Invited to Speak About the New Casino in Chicago

State leaders are eager to get Chicago’s new casino up and running. Illinois, like many other states, is desperate for money right now. Additional revenue from the casino industry will be hugely beneficial.

This casino can’t be rushed, though. Officials still need to know how exactly different companies plan to run this exciting new venue. This week, Chicago Mayor Lori Lightfoot invited potential casino developers to speak about how they plan to run the new casino in Chicago.

Lightfoot released an official statement confirming the push to open this casino.

“After securing favorable legislation that had eluded us for decades, Chicago can finally pursue a once in a generation opportunity to bring a casino to our city, generating hundreds of millions in new gaming revenues to shore up the City’s pension obligations and drive huge levels of infrastructure funding in Illinois as well as creating thousands of new and much needed jobs for local residents,” she said. “This is the right time to begin having these discussions as we continue to lay the foundation to make a strong recovery from the impacts of the COVID-19 pandemic.”

Lightfoot is asking these developers nine different questions related to how they will run this property. That includes questions on how big the casino will be, and what amenities it will include. The mayor and other city officials will then have a better idea as to which company should operate the new casino in Chicago.

Another main focus will be on where this casino should be located. Lightfoot hopes that the invited developers will have some helpful ideas. We’ll continue offering updates on this meeting over the next few weeks!

What’s Going On With Illinois’ Sports Betting Industry?

In May of 2018, the US Supreme Court officially removed PASPA, a set of laws that prohibited sports betting in all states aside from Nevada. Doing so immediately gave every state the ability to legalize this form of gambling. Now, more than two years later, 18 states now have legal sports betting options available. Several more will launch these options soon.

Illinois officially launched its sports betting industry on March 9th of 2020. Both online and land-based betting is available. Eventually, in-person sports betting will even become available inside the state’s many sporting arenas.

The timing for this launch certainly wasn’t ideal. In March, nearly every major sports league around the world shut down. It wasn’t until May that sports slowly began to come back. As a result, revenue earned from this industry is very low.

Things are improving, though. Governor Pritzker recently revoked a measure that required bettors to register in-person before placing bets online. Experts feel this will increase monthly revenue by millions of dollars.

Nearly every state around the country has looked into the regulation of this industry. Many are protifing massively already. In time, almost all states will have some form of regulated sports gambling options available.

Are you excited to see the new casino in Chicago constructed? Where do you think it should be located? Let us know in the comments section below!

Wilmorite To Build Casino In Danville

Illinois
Wilmorite Management Group secured an approval from the Danville City Council last Tuesday night to build and operate a casino the Central Illinois town near the Indiana state line.

The approval came after a presentation made by Danville Development LLC, an Illinois registered company owned by the Wilmot family which owns and operates the Wilmorite Management Group in Rochester, New York.

Location Has Been Selected

During the presentation, Wilmorite vice president of gaming Jimmy Wilmot said that they have chosen 204 Eastgate Drive as the location for their casino. The area is the former Morris Flamingo site. The building is owned by Shaheen and Co. and it was once targeted for a cannabis cultivation center.

The site is on the north side of Interstate 74 and west side of Lynch Road. Wilmorite has committed to spend $600,000 to help the city address the sewer capacity issues that are on the north side of the interstate along that corridor.

The former Morris Flamingo site was a distribution site and warehouse. It has a total area of 110,643 square feet on 11.5 acres. The proposal is for Wimorite to build a new connection between Eastgate Drive and Lynch Road at the front of the parcel.

Phase 1 Expected To Start in Fall of 2021

The proposed casino would have a gaming floor of around 17,000 square feet. The plan also included the construction of a steak house, food court and a parking space with a capacity of over 500 vehicles. The group is also eyeing a 15,000 square foot Phase 2 expansion and a Phase 3 renovation that will include a 100-room hotel, additional restaurants, and a conference center.

The first phase of construction is expected to begin in the fall of 2021 and would be completed before the end of the year. The initial phase includes 500 slot machines and a total of 10 gaming tables including one for craps. Overall, the entire project is estimated to be completed in six years.

According to Wilmorite, they will spend around $30M when they break ground and $100M by the time they open their casino doors for the first time. Upon the approval of its license by the Illionis Gaming Board, Wilmorite will give $3M to the city who will use the amount for its riverside development project, the Boys and Girls Club, and other projects within the city.

IGT Inks Sports Betting Pact With Boyd Gaming Corp.

IGT

International Game Technology PLC announced on Wednesday that it has inked a sports betting technology deal with casino operator Boyd Gaming Corp.

Under the agreement, IGT will cover the equipment for Boyd Gaming’s retail sportsbooks in the state of Nevada and the technology for the mobile app ans sports betting site of the casino operator. For its part, Boyd has agreed to deploy IGT’s PlaySports self-service betting kiosks throughout its Las Vegas-based casinos. Both companies have agreed to a phased rollout for the services and features covered in this long-term agreement.

Said IGT PlayDigital Senior Vice President Enrico Drago:

“IGT and Boyd Gaming will create a dynamic omnichannel sports betting product that is sure to stand apart in Nevada, the most mature and high-volume sports betting destination in the U.S. IGT’s PlaySports platform enables Boyd Gaming to differentiate its sports betting product in meaningful ways that position them to attract new players and grow revenue in the segment.”

Not their First Partnership

Aside from offering Boyd’s clients with a more progressive sports betting platform, the PlaySports agreement will allow the US. casino operator to have an improved back office navigation, and the ability to update its app in line with real-time data and betting trends. Likewise, players will enjoy new features on the app as well as a wider variety of bets.

This isn’t the first time that Boyd Gaming and IGT have partnered. Since 2018, PlaySports has been powering Boyd Gaming’s sports betting facilities in its gaming properties in Iowa, Indiana, Mississippi, and Pennsylvania.

Boyd Casino operates a total of 29 casinos in 10 different states. When it comes to Nevada, three of its three Las Vegas casinos remain closed since they were ordered by the government last March to shut down operations as part of the health and safety measures during the coronavirus pandemic. Earlier this week, one of those Casinos–Eldorado, was granted approval by the Henderson City Council to make its gaming and liquor license non-operational until 2021.

IGT and FanDuel

Boyd Gaming’s regional casinos have a sports betting partnership with FanDuel. The latter runs the sportsbook in seven of Boyd’s regional casinos and mobile sports betting apps in Pennsylvania and Indiana. They are expected to launch a digital sports betting app at Boyd’s Par-A-Dice Casino in Illinois. 

Earlier this month, IGT and FanDuel extended their U.S. partnership through 2024. Through this agreement, FanDuel sportsbooks in eight states will utilize the IGT platform. Meanwhile, FanDuel will offer IGT’s online casino games in Pennsylvania and New Jersey where the former currently operates.

IGT is a global leader in gaming solutions including gaming machines, lotteries, sports betting and digital. It has established relationships with governments and regulators in over 100 countries worldwide. 

Here’s a Look at the Hawthorne Race Track’s New Casino

The state of Illinois has been working hard to expand its gambling industry. Lawmakers here feel that increasing the regulated gambling platforms here will help bring the state valuable revenue. We’re now beginning to hear more about the Hawthorne Race Track’s new casino, set to be the first “racino” in Illinois.Hawthorne Race Track

Many are excited to see this gambling venue open up. Hawthorne Race Track is one of the most historic horse racing arenas in the state. Today, we’re going to talk about what the track’s new casino will have to offer.

Let’s get into it!

Looking Back at Illinois’ Gambling Expansion Plans

2020 has been a tough year for the US land-based casino industry. Casino companies across the country are seeing their revenue earnings drop. Just a year ago, however, this industry was thriving and many states were focusing on increasing their number of casinos.

That certainly applies to Illinois. Back in mid-2019, lawmakers here approved a new capital plan that allows for many new casinos to be built around the state. This bill even approves a new casino to be constructed in the city of Chicago.

The global pandemic has delayed some of the state’s gambling expansion plans. Hope was that construction on some of these new casinos would be underway by now. Unfortunately, that is not the case.

In March of 2020, Governor Pritzker officially signed a new bill to legalize and regulate sports betting. Under the new laws, both in-person and online sports betting will become legal here. To the enjoyment of many sports fans, betting options will even become available inside major sporting venues such as Wrigley Field.

Several new casinos will begin opening up in Illinois over the next few years. Obviously, gambling fans here are excited about this news. News is just coming out that one of the most historic race tracks in the state is set to open a new casino, as well.

More Details On the Hawthorne Race Track’s New Casino Are Coming Out!

As we already mentioned, Illinois recently approved a new measure to allow new casinos to open throughout the state. Some of these casinos will be standalone gambling venues. Others will open inside race tracks.

Today, the Illinois Gaming Board officially approved the Hawthorne Race Track’s new casino plans. The owners of the state’s oldest horse race track have been pushing to open a casino for years. They believe adding more gambling options will help to bring in more players from Illinois and other nearby states.

Dakota Schultz, the Director of Communications at the Hawthorne Race Course, expressed his excitement about this news to the media this week.

“We’ll have a full blown casino- I mean it’s slots, it’s table games, we’ll have dining amenities featuring some of Chicago’s, you know, well known culinary brands. Plus racing which no other casino has. So, we’re really excited for the first racing casino,” Schultz said. 

That’s not the only good news for this track. Hawthorne also gained approval from the Gaming Board to begin offering sports betting options, as well.

The current plan is for the track’s casino to open within a year and a half. Sports betting options should become available here in time for football season. We’ll continue offering updates on this new casino over the next few months!

What’s Happening With the Chicago Casino?

There’s been a tremendous amount of media attention surrounding the new casino in Chicago. It’s set to be the first major gambling venue ever built in the city. For more than a year, lawmakers have been trying to find a suitable company to operate this casino.

Most casino companies were staying away. For reasons unknown, Illinois set extremely high tax rates on this casino. Under the initial plans, it would have been almost impossible for any companies to profit off their gambling venue.

About a month ago, Governor Pritzker approved a measure to lower the tax rate for the Chicago casino. Mayor Lori Lightfoot is certainly eager to get this venue constructed. She’s come up with five potential locations for this new gaming venue.

It’s still unclear which company will take control of this proposed casino. With the tax rates now lowered, this is starting to look like a much more appealing project.

We now have confirmation that the Hawthorne Race Track’s new casino is on its way. Based on what’s being said, this may become one of the most popular new gambling venues in the state.

Are you excited to see more casinos opening in Illinois? When do you expect the Chicago casino to open? Let us know in the comments section below!

Illinois Casino Update: Gaming Board Approves Plans to Reopen on July 1st

As of June 26th, Illinois has the fourth-most cases of Covid-19 in the country. It shouldn’t come as a huge surprise to find that this state has been extremely hesitant to reopen venues that draw in large crowds. According to a new Illinois casino update from the state’s Gaming Board, however, gambling venues here will be able to reopen on July 1st.Illinois Gambling

It’s fantastic news for the casino companies here. Illinois has been working hard to expand its gambling regulations over the past couple of years. Today, we’re going to look at what state leaders currently have planned for this summer.

Let’s get into it!

Illinois’ Plans to Expand Casino Industry Come to a Halt

Over the past decade, a huge number of states have begun working to expand their current gambling industries. More state leaders seem to recognize the fact that casinos can bring in a huge amount of revenue from taxes. That is certainly the case in Illinois.

As many are aware, Illinois has been working hard to come up with new money-generating strategies. In June of 2019, lawmakers here approved a new Capital Plan that allows for several new casinos to open throughout the state. That includes one in Chicago.

It was great news for gambling fans here. Unfortunately, it’s been a difficult process trying to find a company willing to operate this Chicago casino. Much of that is due to the state’s high tax rate set on this venue.

State officials finally decided to lower this tax rate. Even after doing so, there aren’t many companies jumping at the opportunity to take control of the proposed Chicago casino. As the global pandemic began to spread around the world, the state’s casino plans came to a screeching halt.

Since March, all of the casinos currently operating here were forced to close down. The owners of these venues have been working to come up with reopening plans ever since. It now appears that officials are content with these plans.

Gaming Board Offers Exciting Illinois Casino Update

The past few months have been extremely difficult for the state of Illinois. Rates of Covid-19 have begun to drop here, yet many businesses remain closed down.

Many states around the country have slowly begun to reopen their gaming venues. That includes Nevada, which is slowly bringing Las Vegas back to life. Up until recently, no one really knew when Illinois would decide to revitalize its gaming industry.

We now have an answer. This week, members of the state Gaming Board offered an exciting new Illinois casino update. Casinos and video gaming operators can officially begin operating again at limited capacity on July 1st.

The regulations being set in place here are very similar to the ones seen in other states. That includes strict social distancing measures, stringent hand sanitization, and casinos must operate at no more than 50% capacity. If infection rates continue to drop in this state, some of these restrictions may gradually be lifted.

It comes at an important time for casino companies around the country. Many have lost an incredible amount of revenue over the past three months. Some may even be on the brink of collapse.

As infections begin to rise in certain states, it seems likely that we’ll begin to see casinos close down once again.

More Casinos Are Likely to Shut Down Soon

The land-based casino industry has been hit incredibly hard due to the spread of the novel coronavirus. For months, all brick-and-mortar gambling venues in the state were shut down. Certain states have begun to reopen these properties over the past few weeks.

In some parts of the country, it appears this may have been done a little soon. Arizona, for example, immediately saw its infection rates surge after lifting restrictions. As a result, the state ordered three major casinos here to shut down once again.

Florida has just shattered its own infection record. Over the past 24 hours, more than 9,000 new cases of Covid-19 were recorded here. Most predict that state leaders will call for all casinos to temporarily close.

Infection rates are slowly beginning to creep up in Nevada, as well. As a result, Governor Sisolak announced that wearing masks in public places, including casinos, is now required. Some worry this will damage the state’s already-hurting tourism industry.

The Illinois casino update is exciting for several reasons. Of course, state leaders may be forced to rethink this strategy if it’s proven that casinos contribute to a significant rise in new infections. Make sure to stay tuned for updates on the situation over the next few months.

Do you think it’s time for the casinos in Illinois to reopen? Will this happen on the proposed date of July 1st? Let us know in the comments section below.

Lori Lightfoot Offers an Update on Chicago’s Casino Plans

As June approaches, the US casino industry is slowly getting back on track. More gambling venues are starting to open their doors and revenue is starting to flow in. This week, Mayor Lori Lightfoot offered an update on Chicago’s casino plans.

Lori Lightfoot At Press Conference

Chicago remains one of the worst-hit cities in the United States from the coronavirus. Things have been very slow to open up here. Today, we’re going to discuss when we might see the first casino in Chicago open its doors.

Illinois’ Expanded Casino Plans Are Put On Hold

Illinois isn’t typically thought of as a US gambling hub. Over the past few years, however, lawmakers in this state have begun to see the potential in this industry. Back in June of 2019, state officials approved a new Capital Plan that allows for five new casinos to open up.

That includes a new casino in Chicago. Many politicians here believe that opening a casino in this city will help to boost tourism and bring in a huge amount of revenue. Unfortunately, high tax rates have made it difficult to find a company willing to operate a gambling venue here.

These plans are now being put on hold. As the global pandemic hit, officials in Illinois decided to delay construction on these venues. It’s still not entirely clear where in Chicago this new casino will be constructed.

Not all forms of gambling are completely shut down here, though. In March, lawmakers officially legalized sports betting. Both online and land-based sports wagering options are now available in the state.

Things seem to be improving around the country. As we already mentioned, many states are already opening up their casino industries. This week, the Mayor of Chicago talked more about opening the proposed casino in Chicago.

Mayor Lightfoot Gives An Update On Chicago’s Casino Plans

Many were excited to hear that a casino was being planned for Chicago. Illinois is known for having a large gambling fan base. Despite the trouble finding a company to run this new gaming venue, most felt it would be highly successful.

Mayor Lori Lightfoot recently spoke about building this new casino. She feels that it should become part of a much larger “entertainment complex” built within the city.

“I see this as a large entertainment district — not just the box of a casino. In order for us to maximize this once-in-a-generation opportunity that the General Assembly has given us and to maximize the opportunity for revenue, for jobs, for long-term economic viability of the city and, of course, to address our pension debt, we‘ve got to be thoughtful and intentional about what we’re designing so it’s something that attracts people from all over the world,” she said.  

Lightfoot went further, claiming that she and many other city officials want to see progress made.

“That’s what I see. Chicago is a global city. We need a world-class entertainment district, of which a casino is a part, but not the entirety. So there’s a lot of work that needs to be done between now and then and we’re anxious to get started.”

It was exciting to hear this update on Chicago’s casino plans. Unfortunately, Lightfoot is still unwilling to reveal where this gaming venue will open its doors. We’re likely to hear more about the opening of this casino over the next few weeks.

Nearby States Begin Looking to Reopen Casinos

It’s not entirely clear when the casinos in Illinois will open back up to the public. Covid-19 infection rates remain high in this state. Many lawmakers are beginning to take a closer look at getting the state’s gaming industry running again, though.

Some nearby states have recently announced they plan to reopen their casinos. That includes Missouri. This week, state leaders announced that two casinos in the St. Louis area are scheduled to open up this weekend.

Until Illinois’ casinos open, many gambling fans in this area are likely to play inside these Missouri gaming venues.

Incredibly, the casinos in Las Vegas are scheduled to open up next week. It was a long and difficult road to get these plans approved. Governor Sisolak seems content with the safety measures set in place and is allowing several major casino-resorts to open their doors on June 4th.

Lori Lightfoot has just offered an update on Chicago’s casino plans. She wants to see an entire entertainment center built in this city. When and where this casino-resort will be constructed is still unknown.

Are you excited to see a casino built in Chicago? When do you expect this to happen? Let us know in the comments section below.

All Illinois Casinos Close Due to Coronavirus Concerns

For months, lawmakers in Illinois have been working to expand the state’s gambling industry. This includes opening several new casinos in different areas of the state. Unfortunately, all Illinois casinos are closing due to concerns about the rapidly-spreading coronavirus.Illinois Symbol

This isn’t a total surprise. Many states may soon begin implementing similar measures. Today, we’re going to discuss the current plans and look at how this may affect the state’s gambling industry in the long run.

Let’s get into it!

Illinois’ Plans to Expand its Gambling Industry

Gambling has taken place in Illinois for over a century. For a time, however, lawmakers in the state worked to ban many traditional forms of gambling. Laws were eventually changed and the state began allowing casinos to open up in 1991.

Today, there are 10 different casinos here. Some are more popular than others, yet they all help to bring the state valuable revenue. Back in June, lawmakers announced they were planning to expand the state’s gambling industry.

That month, state officials approved a new capital plan that allows for six new casinos to open. The goal of this plan is to earn more revenue from the gaming industry. It even allows for one major casino-resort to open in Chicago.

Opening a casino in Chicago has proven to be more difficult than many expected, though. Lawmakers set an unusually high tax rate on this proposed gambling venue. As a result, no companies are bidding to operate the Chicago casino.

Hope was that some of the first new casinos would begin operating sometime this year. Based on the way things are moving, that may no longer be the case.

State Officials Announce that Illinois Casinos Are Set to Close

It’s clear that Illinois is beginning to truly embrace its gaming market. It was beginning to look like this may become one of the country’s next major gambling hubs. Unfortunately, the coronavirus is forcing all casinos here to close their doors.

Covid-19, the coronavirus originally found in Wuhan, has now spread to more than 125 countries and has infected at least 150,000 individuals. Most believe that the true number is considerably higher. Many more cases are beginning to appear in the United States, despite heavy quarantine efforts.

All Illinois casinos will be forced to close down on Monday for a period of 14 days. The Illinois Gaming Board released a statement on the situation to the media this week.

“The public health of patrons, casino employees, IGB staff, and others is of paramount importance,” the statement said. “The board is continuously monitoring developments and will update licensees and the public as frequently as possible.”

Whether or not this casino closure will be extended after 14 days is not entirely known. The decision will largely depend on whether or not more cases continue to appear in the state.

Sports Betting Options in Illinois Also Delayed

It’s tough to see Illinois casinos forced to close their doors. This will have a serious effect on their revenue earnings for the year. It’s also disappointing for sports fans, as the state’s first sportsbooks have just opened up.

This decision makes sense, though. Casinos are easy places for a virus to spread. A casino in Oregon was recently forced to close its doors due to an employee testing positive for Covid-19.

Illinois’ sportsbooks were expected to bring the state a huge amount of revenue. The state is known for having one of the most passionate sporting fan bases in the country. Due to the casinos closing, the ability to bet on sports here will now be delayed once again.

Of course, online sports betting was made legal in Illinois, as well. As of now, however, no state-regulated sports betting sites have begun operating here. Perhaps this will change over the next few weeks.

The coronavirus is already having a serious impact on the US gambling industry. It’s reasonable to assume that more casinos will eventually be forced to shut down. Stay tuned for updates over the next few months!

Sports Betting Options in Illinois Are About to Launch

For months, lawmakers in Illinois have been working to expand the state’s gambling industry. New casino and sports betting options in Illinois are becoming available. According to new reports, this state’s first sportsbooks are set to launch this month.Flag Of Illinois

It’s exciting news for sports fans here. Today, we’re going to look at what new gambling options are coming here. We’ll also discuss when Illinois’ sportsbooks will finally launch.

Let’s get into it!

Illinois Lawmakers Push For Gambling Expansion

A huge number of states around the country are currently working to expand their gambling industries. Much of this process began after the Supreme Court decided to remove PASPA. Doing so gave every state the ability to set its own laws on sports gambling.

This led to many states changing their set of gambling laws. Lawmakers began to realize how much money could be earned from this industry. Within just months of PASPA being removed, New Jersey and Delaware already had their sports betting options up and running.

States began looking into new casino regulations, as well. This includes Illinois. Back in June, officials in this state presented a new capital plan that allows for five new casinos to open up.

This includes a casino in Chicago. Officials immediately began looking at sites for this new venue. Unfortunately, the tax structure set for the Chicago casino was unusually high and kept many companies from wanting to enter into this city.

Within the next few years, several new casinos will officially begin operating in this city. Now, reports indicate that sports betting options in Illinois are set to launch in the coming days.

Sports Betting Options in Illinois Will Become Available For March Madness

The NCAA Men’s Basketball Tournament, also known as March Madness, is one of the most-watched sporting events in the country. It draws in millions of spectators to watch the top collegiate teams compete for the championship. Unsurprisingly, it’s also one of the sporting events that draws in a huge number of bets.

It seems like officials in Illinois want to take a piece of the revenue that will be wagered on the tournament. According to the Chicago Tribune, the first sports betting options in Illinois will officially become available in time for March Madness. The Illinois Gaming Board approved a sportsbook to open at Rivers Casino on Monday.

Dan Nita, regional president of Caesars Entertainment, parent of an Illinois casino called Horseshoe Hammond, spoke about how this may affect the state’s gambling industry.

“Obviously, just from a pure supply and demand standpoint, that will definitely have some degree of impact in guests having more choices,” he said.

Illinois will officially become the 15th state to have live, regulated sports betting. We’ll need to wait and see how successful the industry is here.

Chicago Casino is Still at a Standstill

Illinois has gradually become a popular gambling destination. There are many casinos spread around the state, many of which offer a huge range of different games. Under the new capital plan, five new casinos will open in different parts of the state.

As we already mentioned, a casino-resort will open in Chicago. At first, many predicted this would be one of the most successful gambling venues in the midwest. Unfortunately, lawmakers have set unusually high tax rates for the casino, forcing many gambling operators to turn their heads away.

Mayor Lori Lightfoot continues to push for this casino to open. She believes it will help to bring the city and state valuable revenue. Unfortunately, this property remains at a standstill.

In other parts of the state, casino plans are coming together. It’s beginning to look like Rockford and Waukegan will soon welcome new properties.

Sports betting options in Illinois are launching in just a few days. It will be interesting to see the state’s gambling industry expand as a result. Make sure to stay tuned for updates over the next couple of months!

Mayor Lightfoot Continues Pushing for Chicago Casino in Springfield

Illinois State Flag, Casino Slot Machine
On Tuesday, Illinois Mayor Lori Lightfoot, a major proponent for Chicago getting its own casino, met with legislators in Springfield in a play to push progress forward in making the casino dream a reality for the city.

While Lightfoot’s November pitch for locking down what she believes would be an incredible revenue source for the state went amiss, Tuesday’s meeting seemed much more promising. Lightfoot said great conversations were had and she believes steps were made in the direction for a casino being built in the Windy City.

Lightfoot has been working hard to recruit the right players needed to further her Casino cause. Last year, she even took it up to the Capitol to rally up more support. Unfortunately, she wasn’t able to get the additional support she was looking for, with some lawmakers even requesting a slice of the Chicago casino revenue pie for their districts.

Capitol lawmakers cited their concerns of regionalism, and why they should even help Chicago in this pursuit. Eventually though, the lawmakers came to an agreement and decided to support Lightfoot’s plan.

“We’re going to do everything we can to make sure that the support that was there is solid and that we get the additional votes that we need to get it over,” Lightfoot said.

Issues with a Chicago Casino

The major concern surrounding a casino being built in Chicago is the tax structure for possible developers. The tax structure came into light after a state-commissioned study called the taxes too burdensome for any real profit to be turned.

The state’s Commission on Government Forecasting and Accountability released a report earlier this month that found that the revenue from state’s 10 existing casinos, and the generated tax dollars made from them, have been on a consecutive seven-year decline.

The report begs the question of a Chicago casino being profitable, and raises concern of its necessity in the city.

Tuesday’s Meeting with the Caucus

In Springfield, Lightfoot met with both Republican and Democratic legislators. The four legislative leaders included the Senate Democrats, Republican caucuses, and Chicago democrats from both chambers.

The trip to the Illinois House Republican caucus marks Lightfoot’s second visit since taking office. There, she addressed concerned from legislative leaders and provided the outline of her gaming proposal.

Illinois Senate President Don Harmon, D-Oak Park, said that by Lightfoot speaking to the caucus directly, she’s making a big difference by representing the state from top to bottom.

“It was great to have Mayor Lightfoot in front of our caucus today,” Harmon said. “She made a compelling case for why it’s important for the whole state that we clean up the gaming bill.”

If Approved, Chicago Will be the Largest American City to Have a Casino

Chicago has been pushing for a Las Vegas-style casino for years, in what Lightfoot and other supporters say will indefinitely boost tourism and be the much-needed revenue source the city needs. If state lawmakers give the casino the green light, it will be massive.

A Chicago casino would even be large enough to compete with those on the Las Vegas Strip, as lawmakers approved nearly 4,000 gambling positions, slots or table seats. Famous Las Vegas casinos, such as Caesars Palace and Aria, by contrast, have around 1,500 slots per casino.