5 Options Finally On Table For Future Chicago Casino: What’s Next?
The request for proposal (RFP) deadline for the Chicago casino-resort has come and gone, and the city received five bids from threecompanies.
Bally’s Corp. submitted two proposals, while two companies under the Rush Street Gaming umbrella submitted separate bids. A development company that is working with Hard Rock also put forth a proposal.
Chicago Mayor Lori Lightfootsaid in a statement:
& ldquo, We are thrilled to have received five excellent proposals from Bally & rsquo Corp., HR Chicago LLC, Rivers Chicago at McCormick LLC and River’s 78 Gaming LLC. A significant action toward the intelligent growth of a casino-resort that improves our businesses, employs and supports our residents, and promotes tourism has been made with the distribution of bid responses. We are eager to move forward with the discussions that will bring this top-notch pleasure knowledge to our area. & rdquo,
suggested locations for Chicago games
While HR Chicago LLC is a Hard Rock request, The Rivers games fall under the Rush Street umbrella. Where each game may get is here and there:
- Chicago: Chicago Tribune Publishing Center, Bally & rsquo
- Chicago’s Bally & rsquo: McCormick Place Truck Marshal Yard
- McCormick Place Lakeside Center, Rivers Chicago
- Rivers 78 Gaming LLC: the southern loop’s location of the advancement site in Chicago.
- Chicago’s Hard Rock: Mysterious
A$ 1.6 billion investment has been made by Bally & rsquo, S. in a casino in Chicago.
Soo Kim, Bally’s chairman, said in a statement:
& ldquo, Chicago & nbsp, is a dynamic, world-class city, which is why we’re committing to investing$ 1.6 billion in establishing Chicago as our flagship and the only property in its class on the Chicagoland market. With a focus on minority and female buyers, vendors, suppliers, experts, and people, Chicago residents will build, own, manage and operate this house. For future generations, it did gain tax revenue, produce well-paying work, and draw visitors from abroad, domestically and locally. & rdquo,
A step forward for Chicago, Lightfoot
Prospects for a game in Chicago appeared dark as late as August.
The city had to extend the RFP deadline to Octoberreportedly due to a lack of bidders. Outside of Rush Street Gaming, there wasn’t any interest.
MGM Resorts, Wynn Resorts and Caesars Entertainment passed on the project. The Chicago casino will have an effective 40% tax rate, and some wondered whether that would require a legislative fix.
Chicago, however, is in a prime location with five bids from renowned game companies.
Lightfoot said over the summer that “there are no hometown favorites,” a nod to Rush Street’s Chicago headquarters.
For a while, it appeared that the area might not have any other options. Then it does.
Illinois game bids are present in Chicago
To varying degrees, Rush Street, Bally & rsquo, and Hard Rock have all left their mark on the state.
Rush Street jointly owns Rivers Casino in Des Plaines with Churchill Downs. Rivers is Illinois’s most well-liked game, and locals’ ability to recognize its name may help with the bidding process.
Hard Rock, meanwhile, is on the cusp of having a casino in Rockford. The Illinois Gaming Board (IGB) found Hard Rock “preliminarily suitable” for a license, and it is set to open a temporary casino in November.
It goes without saying that the success of the Chicago game certificate will be well-known in the Land of Lincoln.
What’s next for the Chicago casino, What & rsquo?
Immediately, perhaps in November or December, applicants will make their plans known to the public. Chicago should choose a winning plan in 2022.
Previously, the plan was for applicants to present their ideas in September. However, with the RFP deadline pushed back, so is the rest of the timeline.
The business must submit an application to the IGB once the capital has chosen a winning proposition. We & rsquo, the IGB has been known to take years to process casino applications.
The city now intends to start the game by 2025. The timing of this method is, of course, flexible, just like everything else.