Regulators Call for Law Change to Make Chicago Casino Viable

Written by:
C Costigan
Published on:
Sep/16/2019

The Illinois Gaming Board is calling on lawmakers to change state law to make a Chicago casino viable.


*6 weeks free trial - test drive - best in the biz
*Deposit with Bitcoin - They'll double it!
*Get your own domain, customized website, logo
*Switch in under an hour, earn mrore $$ for doing so
*Odds featured on DonBest.com
*Thousands of betting options daily + live in-play
*Easy and discreet payment options include gift cards
*Walmart gift cards also accepted
Start Earning Money From Your Sheet Here

A Union Gaming Analytics’ study released last month cited Illinois’ “onerous tax and fee structure” in determining an operator of a casino in Chicago could expect a profit of as little as 1%.

The five-person Gaming Board on Monday passed the resolution seeking changes in the tax structure. The board didn’t make any specific recommendations on those changes they say are necessary.

Chairman Charles Schmadeke said the board’s role is to make recommendations to the General Assembly and for legislatures to “do as they deem appropriate.

A Chicago casino was authorized under Illinois’ sweeping new gambling expansion. However, Union Gaming determined that with an effective tax rate of 72% — including a third of revenue earmarked for city police and firefighter pensions — on top of fees, no developer could secure financing for construction of a casino.

Gambling News

Say No to Sportsbook Blacklist

Since Gambling911.com revealed that seven sportsbooks had gotten together to share player information, everybody in the industry is talking.

How to Withdraw Funds From Online Casinos?

Navigating the world of online gambling, especially when it comes to withdrawing your winnings, can seem daunting at first. However, with the right knowledge and understanding, the process can be smooth and secure.

Syndicate