The process to get a Chicago casino is taking longer than originally anticipated. Mayor Lori Lightfoot announced Friday the city would extend the deadline for interested parties to submit proposals to build and operate the casino.
Illinois Gaming Board
A permanent casino could open as soon as 2025 in Chicago, although slot machines could start ringing at O’Hare and Midway airports much sooner — with tentative plans for a temporary gaming palace also in play.
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.
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?