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Suburban casino proposals could put new gaming venues on Northwest Indiana's doorstep Gambling nwitimes.
The Illinois gaming legislation enacted in June, which cracked the door for a long-planned Chicago casino with 4,000 gaming positions, also authorized a 2,000-position casino for a to-be-determined south suburban Cook County site, as well as a south suburban horse racing track with slot machines, known read more a "racino.
Leaders in Calumet City, Country Club Hills, Crestwood and Matteson also reportedly are looking to sign on to proposals for developers to construct multi-million dollar casino destinations in their municipalities.
Under Illinois law, applications for the single south suburban casino owner's license must be submitted to the Illinois Gaming Board by Oct.
The board then will have one year to determine the casino project to which it will award north west gambling board members owner's license authorized by Senate Bill 690.
The casino, which would be operated by north west gambling board members company owned by the Alabama-based Poarch Band of Creek Indians, would have 1,356 gaming positions, or substantially fewer than the Northwest Indiana casinos in Hammond, East Chicago, Gary and Michigan City.
It would be operated as a commercial casino by the Ho-Chunk Nation of Wisconsin, which 13 years ago unsuccessfully sought federal approval to north west gambling board members the Lynwood site classified as tribal land so it could operate a casino exempt from Illinois gaming regulations and taxes.
Separately, north west gambling board members company called Playing in the Park has won Illinois Racing Board approval to conduct harness racing at a new horse track in Tinley Park on Sundays, Mondays and Tuesdays beginning in December 2020.
Playing in the Park has said it also wants to have up to 1,200 slot machines at the track as permitted by law.
However, the Illinois Gaming Board still must sign https://bannerven.com/gambling/are-gambling-losses-deductible-in-new-tax-bill.html on that plan.
Impact on Region casinos It's not yet clear how a south suburban casino or racino, or both, would impact casino admissions and revenue at Northwest Indiana casinos — assuming any of the various proposals come to fruition.
Already the planned Chicago casino is in trouble gambling commision contact number a study concluded that the extra taxes on Chicago casino revenue, which are aimed at shoring up the city's underfunded pension plans, would make it all but impossible for the casino to be operated profitably.
In light of that finding, Illinois lawmakers are expected to consider revising Senate Bill 690 when they return to the Capitol in November.
However, any change to the Chicago casino provisions could make it more difficult to profitably operate a south suburban casino or racino, or may break apart the fragile coalition that enabled the gaming law to pass in the first place — pushing any impact on Northwest Indiana well into the future.
In any case, Hammond Horseshoe General Manager Dan Nita said Thursday that "it's curious" there is so much interest in building new casinos in Illinois, when Illinois already has 10 casinos, Northwest Indiana has a fully developed casino industry serving many Illinoisans, and more than 30,000 slot machines are available to play in Illinois bars.
The operators proposing to build a south suburban casino don't luck herbs gambling similar benefits.
They also lack the well-known Hard Rock brand that Northwest Indiana's sole private casino company, Spectacle Entertainment, plans to put on its relocated Majestic Star casinos.
Illinois lawmakers may need to go back to the drawing board if they are serious about putting a casino in the city of Chicago.
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