With an eye toward new developments, a feasibility study is being undertaken by the Illinois Gaming Board for a casino in Chicago, to be a major integrated resort in the city.
It concluded that none of the five proposed Chicago casino locations would be profitable enough to attract investors. The feasibility study blamed the existing tax and fee structure for making a. The results of the study are in, and Mayor Lori Lightfoot agrees with the contention that under the state's current rules, a casino would not be successful. Read the study by a state-hired consultant that says the proposed tax structure for a Chicago casino is 'very onerous' and could fail to attract an investor. The study of the casino's economic impact would determine the size of the project. 'The economics are going to drive what the Request for Proposal is,' the mayor said at an unrelated event Monday. CHICAGO—A feasibility study on a potential casino in Chicago by the Illinois Gaming Board finds none of the five sites it reviewed as economically feasible due to the current tax structure.
The study, required by state law and paid for by the city, will be conducted by Union Gaming Analytics of Las Vegas. If found positive, the new casino will generate considerable revenues following a multi-billion dollar capital improvement plan.
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Chicago Casino Feasibility Study Guides
Treasure island casino davis oklahoma. A contract will be established by the Gaming Board with Union Gaming Analytics to inaugurate the study, which will focus on the feasibility of financing a casino in the city environs.
Plans were generated by Chicago Mayor Lori Lightfoot in August and gaming expansion legislation for five casinos was signed into law by Governor J.B. Pritzker. The downtown venue required a feasibility study.
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/cdn.vox-cdn.com/uploads/chorus_image/image/65257855/Grand_Opening__1_.7.jpg "Chicago Casino Feasibility Study")
Chicago Casino Feasibility Study Guides
Treasure island casino davis oklahoma. A contract will be established by the Gaming Board with Union Gaming Analytics to inaugurate the study, which will focus on the feasibility of financing a casino in the city environs.
Plans were generated by Chicago Mayor Lori Lightfoot in August and gaming expansion legislation for five casinos was signed into law by Governor J.B. Pritzker. The downtown venue required a feasibility study.
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Chicago Casino Feasibility Study Questions
Source:https://europeangaming.eu/portal/latest-news/2019/07/17/50731/union-gaming-analytics-to-evaluate-chicago-casino-feasibility/
