The first roll in a bid to finally bring a casino to Chicago has come up snake eyes. Financing for any one of five proposed casino sites studied on the South and West sides is “not feasible A state-hired consultant says the proposed tax structure for a Chicago casino is "very onerous" and could fail to attract an investor. All five sites are on the South and West sides. A feasibility study released by the Illinois Gaming Board concluded that Chicago’s plan to build its first-ever casino will struggle to attract private investors and turn a profit. Due to high City launches open web survey on proposed casino. Place your bets on where a Chicago casino will land. but insisted that other locations also will also potentially be in the mix. The mayor The Illinois Gaming Board is urging lawmakers to reconsider the proposed tax rate for a casino in Chicago so that the project comes to life. The World's Online Gaming Authority Since 1995 Search The long-discussed proposal would allow a land-based casino in Chicago and riverboat casinos in several locations, including 00Rockford, Lake County and Danville. Lightfoot Announces 5 Potential Locations for New Chicago Casino Each of the sites had previously been considered for a prospective casino or major development in the past, according to Lightfoot Both sites were previously mentioned as potential locations of Chicago’s first-ever Las Vegas-style casino. It should also be noted that none of the five proposed locations is situated in downtown Chicago. According to the Illinois Gaming Board and City of Chicago’s Casino Financial Feasibility Analysis of August 2019, Chicago has five proposed possible sites for the casino development, three of which are in or near this community: Harborside Illinois Port Authority Golf Course (located at 111th Street and Bishop Ford Freeway), the former A state-hired consultant says the proposed tax structure for a Chicago casino is “very onerous” and could fail to attract an investor. The Illinois Gaming Board released the study Tuesday
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