An onerous tax structure would virtually kill any chance that a Chicago casino operator could make a profit, despite an ability to make massive amounts of money, according to a newly released feasibility study.
Illinois Gaming Board
Mayor Rahm Emanuel has been lobbying hard for a Chicago casino ostensibly to help tackle the city's pension and budget woes. Meanwhile, state Rep. Bob Rita is sponsoring two bills that would create as many as five new casinos in Illinois, one of which would be a mega casino in Chicago. How would a casino in Chicago impact the city? And how would it affect existing state casinos?