![]() – are choosing to take a pass on bidding on the project. It hopes a casino would generate as much as $200 million in revenue annually that it has already earmarked for Chicago’s underfunded police and fire pension funds.īut with a gaming tax rate for a Chicago casino currently set at 40% the city is finding that major Las Vegas gaming operators – including MGM Resorts International, Wynn Resorts Ltd, Caesars Entertainment Inc., and Las Vegas Sands Corp. The city envisions licensing a world-class casino resort with up to 500 rooms, along with bars, restaurants, meeting and entertainment venues. “Extending the deadline for interested bidders will allow the city to collect as many robust, impactful and transformative proposals as possible,” said Mayor Lori Lightfoot in a statement announcing the deadline extension earlier this month.īut so far bidding interest has been muted. ![]() ![]() Monday was the initial deadline to submit proposals to develop the much-vaunted project - but after few bidders appeared interested - the city pushed back the deadline to the end of October.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |