More Issues Arise Opening a Casino-Resort in Chicago

Lori Lightfoot

For more than two years, state officials in Illinois have been working hard to open a new casino-resort in Chicago. Unfortunately, a huge number of issues have kept potential casino operators away. It now appears that the city is extending the deadline for companies to apply for a license to run this property.

Today, we’ll talk about why this deadline was extended. We will also discuss some of the ways that Illinois’ gaming industry is set to expand over the next few years. There’s a lot to cover.

Let’s get into it!

US Casinos Continue Seeing Boosts in Visitation Rates

Nearly all of 2021 has been hugely successful for the US casino industry. Major casino hubs have been seeing consistent jumps in their revenue and visitation rates. Some feared that this upward trend would be coming to a halt due to the spread of the new Delta variant.

As infection rates continued to grow, health officials around the country began recommending new measures. Some of these measures affected casinos. Various casino hubs around the country started ordering restrictions inside casinos once again.

Over in Las Vegas, masks are now required on the casino floor. Both patrons and employees inside of the casinos in Las Vegas need to wear these masks at all times. Similar measures have been set in place in various other popular casino destinations.

Fortunately, these new rules do not seem to be impacting these casino’s visitation rates. Many areas of the country continue to report increases in their revenue and tourism numbers. It’s fantastic news for these companies and shows how resilient this industry can be.

Between April and June, casinos in Las Vegas pulled in the best revenue figures since 2006. It seems that this will continue, despite the recently-ordered mask mandate. People around the country are clearly still interested in gambling inside popular casinos.

Illinois is home to a large number of popular casinos. Unfortunately, it does not appear that a casino will be opening in Chicago anytime soon.

Opening a Casino-Resort in Chicago is Taking Longer than Expected

Over the past decade, Illinois’ gambling industry has expanded significantly. Today, both tribal and commercial casinos are able to operate here. A huge number of these Class III casinos are spread throughout the state.

Illinois now also allows and regulates sports betting. Both land-based and mobile sports gambling are allowed in the state. In the short time this industry has been live here, Illinois has already generated the second-largest sports betting market in the country.

Since 2019, work has been ongoing to get a casino-resort in Chicago. State officials set unusually high tax rates on this venue that have kept most companies from expressing an interest in operating this property, though. Very few casino operators seem interested in applying for a license to run this proposed venue.

News broke this week that Chicago was extending the deadline for companies to apply for one of these licenses. The original deadline was set for August 23. Mayor Lori Lightfoot has officially pushed this back to October 29. The Mayor released a statement on this situation to the media this week.

“Extending the deadline for interested bidders will allow the City to collect as many robust, impactful and transformative proposals as possible,” she said. “I look forward to seeing these bids roll in and working very closely with whichever team is ultimately chosen to develop Chicago’s first-ever casino.”

Most of the country’s biggest gaming companies no longer seem interested in operating this venue. Several small, regional companies are still determined to apply for a license. We’ll be sure to offer more updates on this situation over the next few months.

Sports Betting Revenue Continues to Increase in Illinois

Illinois is one of the many states around the country to embrace the sports gambling industry. The first sportsbooks here officially launched in March of 2020. Revenue from this industry has been steadily increasing since the first sportsbooks launched here.

Not long ago, reports on Illinois’ sports betting revenue for the month of June came out. More than $476 million was placed on sports wagers in the state over the course of the month. That represents a slight handle drop when compared to May.

Interestingly, gross gaming revenue in the state came out to $47.5 million. That represents a staggering 31% increase from May. The state earned considerably more money via taxes in June as well.

Many analysts expect to see revenue figures increasing here over the next few months. The start of the NFL season is almost guaranteed to draw in a massive number of wagers. It’s an exciting time for the sports gambling companies operating here.

Stay tuned for more revenue reports here. It won’t be long before the reports on the revenue figures for the month of July come out. Hope is that the sports betting companies here saw another increase in their earnings.

Do you expect to see a casino-resort in Chicago anytime soon? Let us know in the comments section below!

More Issues Arise Opening the First Casino in Chicago

Casino In Chicago

For years, officials in Illinois have been interested in getting a major casino-resort open in the city of Chicago. Unfortunately, numerous issues have come up trying to move these plans forward. It now appears there are very few companies interested in opening the first casino in Chicago.

It’s disappointing news for gambling fans to hear. Today, we’ll talk about what needs to be done for this casino to open. We’ll discuss how the state’s current gambling industry is faring right now.

Let’s get into it!

Casino Officials Continue to Express Fear Over Additional Restrictions

The events that unfolded in 2020 proved just how vulnerable the US casino industry really is. For months last year, all of the casinos across the country were completely shut down. This took a devastating toll on the cities that these casinos are located in.

Even after reopening to the public, US casinos were forced to abide by intense health regulations. That includes lowered capacity limits and mandatory mask-wearing. These rules kept many individuals from making the journey to places like Las Vegas.

Things have been steadily improving for casinos throughout 2021. Tourism to major gambling hubs has been increasing and gambling revenue has been steadily rising. Unfortunately, there are some that fear a return to how things were last year.

The spread of the new Delta variant has many health officials worried. Some areas of the country have already begun ordering a new fresh set of health regulations. Several major casino officials are now expressing fear that their casinos could be ordered to implement more restrictions in the near future.

This would be a major blow for the major casinos in Las Vegas. These properties are beginning to see pre-pandemic levels of revenue right now. If a new wave of restrictions is implemented, much of the progress that was set in place here has been undone.

A group of officials in Illinois continues pushing to open a major casino-resort in Chicago. More issues continue to get in the way of this venue opening, though.

Here’s Another Update on the First Casino in Chicago

Illinois is known for its lenient laws toward gambling. Today, both casino gambling and sports betting are completely legal. In fact, the state’s sports betting industry is now the second-largest in the country after only New Jersey.

Back in 2019, lawmakers here approved a Capital Plan that allows for several new casinos to open around the state. This new plan also allows for a Class III casino to open its doors in Chicago. Unfortunately, getting this property up and running has been much more difficult than some initially expected.

Much of that has to do with the state’s regulations. Illinois set an unusually high tax rate on this Chicago casino. This has kept many of the country’s biggest gaming companies from expressing interest in opening the first casino in Chicago.

It seems that casino companies are still skeptical about the opportunity here. Four companies have expressed interest in opening this property. Two have formally dropped out and another seems to be showing more hesitancy. Alan Woinski, president of Gaming USA, spoke about this situation to the media this week.

“The casinos in the state have been in nothing but a downward spiral for a decade, except for Rivers,” Woinski said. “There’s no reason to believe that if you add a casino downtown that you’ll do anything but cannibalize the others, including Rivers. It’s kind of a zero-sum game and everybody loses.”

It seems there are still a huge number of issues in the way of this property opening its doors. Stay tuned for more updates on the effort to open a casino here over the next few months!

Will Sports Stadiums in Chicago Soon Allow Sportsbooks?

Illinois is now one of the country’s biggest and most profitable sports gambling hubs. Here, both online and land-based sportsbooks are operating. Some have been disappointed to see that none of the sports stadiums here have launched any sportsbooks, though.

When Illinois first launched its sports gambling bills, it was expected that stadiums here would allow sportsbooks. That hasn’t been the case, though. Chicago has set a ban on sportsbooks inside casinos since 2020.

This could soon change. News broke last week that Alderman Walter Burnett proposed a new ordinance that would allow for sports stadiums to purchase sports betting licenses. This could allow for Soldier Field, Wrigley Field, Guaranteed Rate Field, the United Center, and Wintrust Arena to each launch their own sportsbooks.

It remains to be seen if this new ordinance will gain any support from fellow lawmakers. Many in Illinois are beginning to see how much revenue can be earned from this industry. Sports fans are excited to hear that sports betting could be allowed inside stadiums.

If approved, this ordinance would also allow for sports betting to become available in the first casino in Chicago. This casino has to be built first, though. As of now, very few companies seen interested in opening this venue.

When do you expect a casino to finally open in Chicago? Do you think a gambling venue here will be successful? Let us know in the comments section below!

MGM Resorts Passes on Running the Chicago Casino

Chicago Casino

For years, officials in Illinois have been working on ways to build and open a new casino-resort in Chicago. Many are now beginning to question which company will choose to operate this gaming venue. New reports indicate MGM Resorts has no desire to operate the proposed Chicago.

There are several reasons why this is. Today, we’ll explain what has led to MGM Resorts passing on this venue. We will also talk about when and where this property could finally open its doors.

Let’s get into it!

Gaming Revenue Continues to Ramp Up Around the US

The US casino industry has been in a major recovery over the past few months. States around the country continue to report increases in revenue. Some, of course, are seeing more impressive revenue figures than others.

Nevada had a hugely impressive month during March. That month, the state saw an amazing 67% jump in overall gambling revenue. The Las Vegas Strip ended up bringing the largest revenue figures, yet the entire state saw a big increase.

New Jersey also experienced a major revenue boost during March. The casinos here reported an increase of 75% in revenue when compared to the same month in 2020. Both casino and sports betting revenue are up here.

Many of the country’s smaller gaming hubs have been seeing revenue increases, too. As a result, many states are once again looking at expanding their gambling industries. Many exciting new casino-resorts are expected to open around the country over the next few months.

Casino companies are seeing their stock prices increase. This trend is expected to continue as tourism rates into major gambling hubs increase. It’s an extremely exciting time for the country’s gambling industry as a whole.

Illinois is one state looking hard to open new casinos. That includes one in Chicago. Unfortunately, officials here are finding it difficult to find companies willing to operate this property.

MGM Resorts Shows No Desire to Operate the Chicago Casino

The US is home to many of the biggest, most successful casino companies on the planet. That includes MGM Resort, which owns and operates a huge number of major casino-resorts in Las Vegas. This company has expanded around the country over the past few years.

Interestingly, MGM Resorts is showing no desire to operate the proposed Chicago casino. Like many other companies, MGM feels there are too many issues surrounding this venue. That includes the high tax rate set in place here.

Company officials have confirmed that they are unlikely to apply for a casino license here. Instead, MGM is focused on locations such as Japan, Florida, and New York. Officials within the city of Chicago released a statement on this news this week.

“MGM Resorts is a respected company and Chicago would have been delighted to receive an MGM casino proposal,” the statement said. “We understand each casino operator will need to determine which opportunities are best suited for their organization and that MGM has prioritized its focus for several years on opportunities in Japan and its mobile wagering businesses. However, we believe other well-respected casino operators have a different view of this once-in-a-lifetime opportunity in Chicago, and we expect to receive outstanding proposals for the Chicago casino.”

Many believe it’s time for Chicago to update its regulations. The tax rate set for the casino here is still considerably too high. Until this changes, more companies are likely to pass on applying for a license here.

Many are still asking where this new casino will be located. We are beginning to hear more about that as the year goes on.

What is the Most Likely Location for the Casino in Chicago?

There has been a huge amount of attention placed on Chicago’s casino plans in recent months. Officials here are realizing how much revenue can be earned from the gambling industry. Mayor Lori Lightfoot has been working hard to get this venue up and running as soon as possible.

Not long ago, reports surfaced that officials want to get this casino operational by 2025. It’s exciting news for gambling fans in the state. Of course, there is still no confirmation of where this casino will be located.

Eleven different companies have voiced their opinions on where this casino should be located. Most of them are favoring a downtown location. Ultimately, the location will be chosen by the company that receives permission to develop this property.

Hope is that this casino ends up being a major revenue-generator for the state. Many of Illinois’ lawmakers are expecting big things from this venue. If all goes according to plan, it will help to significantly boost tourism rates in Chicago.

The state’s sports betting industry continues to expand, too. Revenue from this industry continues to increase with each passing month. It’s an exciting time for the gaming market here.

Are you surprised to hear that MGM Resorts isn’t interested in opening the Chicago casino? Let us know in the comments section below!

Lori Lightfoot Wants More Information on the Chicago Casino

Chicago City

It’s been more than a year since lawmakers in Illinois approved a measure allowing several new casinos to open in the state. Unfortunately, there have been serious delays getting these new gaming venues up and running. This week, Lori Lightfoot began asking for more information on the proposed Chicago casino.

Many have been excited to see this new property open its doors. There are still questions over who will operate it, though. Today, we’re going to talk about what exactly is happening here.

Let’s get into it!

The Casino Industry in Illinois is Now Shut Down

Casinos around the United States continue to face difficulties. As cases of Covid-19 increase, more states are implementing tougher restrictions on their land-based gaming industries. Some states are taking more dramatic measures than others.

Over in Nevada, casinos are being hit with new capacity limits and tougher health restrictions. Tourism rates in this state continue to fall this year. Many of the biggest casino companies here have recently begun to shift their hours to save money.

Illinois has taken even more intense safety regulations. Not long ago, Governor JB Pritzker announced that all commercial casinos in the state were being ordered to shut down. It’s not much of a surprise when considering the massive increase in infections here.

Gambling operators here are disappointed by this news. It was less than two years ago that the state government passed a new capital plan allowing several new casinos to open in the state. Now, this state’s casino industry is coming to a halt.

Several other states have taken similar measures in recent weeks. The US casino industry is struggling in a way we’ve never seen before and analysts are torn on when things will begin to turn around. Hopefully, the casinos in Illinois won’t be forced to shut down for much longer.

Many are now calling for more work to be done on the proposed gaming venue in Chicago.

Lightfoot Asks Developers for an Update on the Chicago Casino

Lori Lightfoot has supported the plan to open a new casino in Chicago for years. When the capital plan was approved back in 2019, many felt work would immediately begin on this gaming venue. As most know, this has not been the case.

There have been many delays getting this property up and running. Initially, there was trouble getting companies to express interest in operating this venue. The tax rates on this property were extremely high and pushed many casino companies away.

The tax rate was then lowered and several companies began taking a closer look. Location then became an issue. Lightfoot recently began asking potential developers for tips on where they would like to see this venue.

This week, Lightfoot began demanding more information on the Chicago casino. It now appears she is getting some answers. The majority of developers claim that this casino should be located in Downtown Chicago.

Lightfoot seems open to this idea. She understands that opening the casino Downtown would maximize tourism and revenue.

The Chicago Mayor recently claimed that the responses from developers “are indicative of the excitement and anticipation of this once-in-a-lifetime project. Thanks to the responses of nearly a dozen RFI respondents, we are not only one step closer to bringing the long-awaited Chicago casino to life but have the critical information we need to ensure this project will be a success.”

It seems that lawmakers in Illinois are working hard to get this venue up and running. Hope is that things are a little more normal by the time this casino is ready to begin accepting players.

Illinois’ Sports Betting Industry Continues to Bring in Revenue

Lawmakers in Illinois finally approved sports betting earlier this year. It was a long time coming. This state has one of the largest sports betting fan bases in the country and many felt Illinois could become a sports gambling hub.

That has proven true! Since the first sportsbooks launched here, revenue from this industry has been slowly increasing. It’s great news for this state that is in desperate need of more revenue. September proved to be a highly profitable month for the sports betting operators here.

Reports claim that the state saw $305 million in sports betting handle last September. That’s nearly double from August’s handle. Most expect these figures to increase as the months go on.

Illinois is benefiting from its regulated online sports betting industry. Unlike some other states, Illinois allows residents to choose from a number of popular internet sportsbooks. It’s good news, as land-based sports betting is completely shut down here right now.

There is a lot happening with the gambling industry here. We are likely to hear more information on the Chicago casino in the near future. Make sure to stay tuned for updates!

Are you excited to see the new casino in Chicago open its doors? When do you expect this gambling property to open? Let us know in the comments section below.

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!

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.