#Bluhm

Chicago Sun Times

Bally’s Medinah Temple temporary casino landlord Albert Friedman will hit $20 million jackpot under 4-year lease

Chicago's first casino has yet to open to the public, but someone already has hit a jackpot topping $20 million. It's Albert M. Friedman, the clout-heavy developer whose tenants have included three mayors - Brandon Johnson, Lori Lightfoot and Rahm Emanuel. Friedman owns the historic but long-vacant Medinah Temple building about a mile north of City…
Finance
Bally’s Medinah Temple temporary casino landlord Albert Friedman will hit $20 million jackpot under 4-year lease
Chicago Sun Times

Lawsuit over ‘rigged’ Waukegan casino selection should proceed, court rules

The cards have already been dealt in the Waukegan casino game, but a state appellate court has issued a ruling that could bring back to the table a spurned bidder that has long complained of a "rigged" contest for the coveted gambling license. That means the north suburban casino selection process could end up being reshuffled, even though Las…
Law
Lawsuit over ‘rigged’ Waukegan casino selection should proceed, court rules
Wild Casino
City & State New York

Casino and real estate magnates are looking to hit the jackpot in New York City

Soon, three new full-scale casino licenses will be issued in the New York City area, and business interests from across the globe are looking to get in on the action. Among those vying for the rights to develop their gambling and leisure megacomplexes - the licensing fee is $500 million with a minimum investment of another $500 million in the…
Winnings
Casino and real estate magnates are looking to hit the jackpot in New York City
Chicago Sun Times

Chicago casino: Lightfoot picks Bally’s proposal at Tribune printing plant site

Mayor Lori Lightfoot is betting big on Bally's. Lightfoot on Thursday confirmed the East Coast gambling company as her pick to run the city's coveted casino at the busy River West site of the Chicago Tribune's Freedom Center printing plant. The mayor's choice for the house of chance, first reported Tuesday by the Chicago Sun-Times, marks an upset…
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Chicago casino: Lightfoot picks Bally’s proposal at Tribune printing plant site
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Journal & Topics

Off The Record: Casino Choice In Chicago Could Have Big Effect On Des Plaines

Every once in a while, Des Plaines Ald. Malcolm Chester (6th) hoists the warning flag about the future of the city's financial intake from the Rivers Casino operation. For the most part it seems, his city government colleagues file his concerns in the back of their brains, leaving the matter for serious discussion for some time in the future. Now…
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Off The Record: Casino Choice In Chicago Could Have Big Effect On Des Plaines
WTTW

Hammered by Complaints, Push for Chicago Casino Faces Bumpy Final Stretch

None of the Chicago casino finalists rolled double sixes at community meetings staged by Mayor Lori Lightfoot, complicating the future of the gaming palace and entertainment district officials contend is key to the city's financial future. While city officials touted the meetings as a chance for Chicagoans to weigh in on the three finalists…
Covid
Hammered by Complaints, Push for Chicago Casino Faces Bumpy Final Stretch
Crain's Complete Business

Chicago casino bidder Rivers 78 faces public scrutiny at hearing

The Rivers 78 casino proposed for the vacant mega-development along the South Branch of the Chicago River is the only finalist where a casino would be built first with a neighborhood sprouting up around it, the backers of the plan emphasized Thursday. That observation came at the last of three community meetings held this week by Mayor Lori…
Politics
Chicago casino bidder Rivers 78 faces public scrutiny at hearing
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Crain's Complete Business

Bally's casino proposal on Tribune Publishing site gets pushback in public hearing

Amid vocal opposition, the backers of Bally's casino proposal at the Tribune Publishing site along the Chicago River argued Wednesday night their plan would decrease traffic and increase public space over what is already permitted to be built at the site. The $1.74 billion casino and hotel along the North Branch of the Chicago River, between…
Sports
Bally's casino proposal on Tribune Publishing site gets pushback in public hearing
Chicago Sun Times

Chicago casino proposals narrowed to 3: Bally’s, Hard Rock, Rivers

Chicago's drawn-out casino sweepstakes is down to three-of-a-kind, as Mayor Lori Lightfoot on Tuesday passed on a pair of proposals tied to McCormick Place - and extended her selection process by at least a few months. City officials announced they've narrowed the field of five bids for the coveted megacasino down to three development pitches: a…
Sports
Chicago casino proposals narrowed to 3: Bally’s, Hard Rock, Rivers
Chicago Sun Times

In Chicago casino sweepstakes, Friends of the Parks is backs Rivers’ Lakeside Center plan

Friends of the Parks on Tuesday put its chips on the table in the Chicago casino sweepstakes, favoring the proposed rebirth of Lakeside Center, the oldest and least-used building at McCormick Place. In a letter to supporters and contributors, Friends of the Parks Executive Director Juanita Irizarry argued point-by-point why the plan casino magnate…
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In Chicago casino sweepstakes, Friends of the Parks is backs Rivers’ Lakeside Center plan
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Chicago Tribune

The best choice for the Chicago casino is The 78

Casinos are no panaceas for cash-strapped cities. The higher the tax rate, the higher the revenue - but also the less the incentive for the operators to invest in the kinds of glamorous amenities that typify the major Las Vegas resorts, where gaming now is just a declining piece of the action. In a city like Chicago, casinos invariably attract…
Sports
The best choice for the Chicago casino is The 78
Chicago Journal

City hears 5 bids from 3 bidders for new casino

CHICAGO - Three casino development groups are tossing their chips in to play the high stakes political game to become Chicago's gambling home and win approval to open a facility is expected to rake in around $1 billion per year. We learned more about their proposals on Thursday as they made their first public pitches to Mayor Lori Lightfoot at…
Land-based
City hears 5 bids from 3 bidders for new casino
Yogonet

Bally's, Hard Rock, Rush Street pitch 5 Chicago casino bids to public; Mayor weighs financial viability

Bally's, Rush Street Gaming and Hard Rock International presented five competing bids for a permanent Chicago casino to the public during a marathon meeting Thursday, attended by Mayor Lori Lightfoot, who said she wants the winner to be financially viable, architecturally stunning and be guided by the principles of inclusion and equity. The major…
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Bally's, Hard Rock, Rush Street pitch 5 Chicago casino bids to public; Mayor weighs financial viability
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Bidders For Chicago Casino Pull Out All The Stops In Public Presentations

Rush Street Gaming is pushing a potentially key advantage - timing - in trying to differentiate itself with two other bidders to build and operate a casino in downtown Chicago. Unlike the other applicants, Rush Street says it can have Chicago's city casino ready to open in 2022 by repurposing the historic Lakeside Center at McCormick Place, rather…
Sports
Bidders For Chicago Casino Pull Out All The Stops In Public Presentations
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Chicago Sun Times

5 Chicago casino developers make public presentations

Breathtaking skyline views, luxury suites, thousands of slot machines - and even an "Eiffel Tower for Chicago." A full house of casino developers put it all on the table Wednesday in the latest round of Chicago's long game to open a big-city gambling mecca, making their pitches in the first round of public presentations to win Mayor Lori…
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5 Chicago casino developers make public presentations
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Rush Street, Wynn, LVS Confirm Interest in NYC Casino

More than seven giants of the US gambling industry, including Rush Street Gaming, Wynn Resorts, and Las Vegas Sands (LVS), have now officially expressed their interest in a New York-area casino license. On Wednesday, Capitol Pressroom podcast host David Lombardo shared news of Rush Street officially expressing interest in acquiring one of three New…
Gaming Authorities
Rush Street, Wynn, LVS Confirm Interest in NYC Casino
Block Club Chicago

Here's What Chicago's Casino Could Look Like

CHICAGO - City officials unveiled the five finalist casino proposals Friday, giving Chicagoans a first look at what the city's first casino could look like. The five casinos are being proposed for the Chicago Tribune printing site, the old Michael Reese site, near McCormick Place, at the One Central development near Solider Field and in the The…
Sports
Here's What Chicago's Casino Could Look Like
Chicago Tribune

Column: Casino license delay another turkey for Waukegan

There's been a long line of turkeys in Waukegan's lengthy history, from the leftover pollution at the city's lakefront to its underused downtown. The latest is the soap opera currently playing out in courtrooms surrounding the city's long-awaited casino. Following federal and state lawsuits, a gambling mecca planned for 28 acres at Fountain Square…
Politics
Column: Casino license delay another turkey for Waukegan
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Chicago Tribune

Chicago casino site could be selected in ‘early 2022’

Chicago officials Friday laid out a process of community input and quick City Council approval of Mayor Lori Lightfoot's preferred casino plan, saying all five bids are on equal footing despite community opposition to one and questions about state financing for another. Lightfoot plans to select the operator and location of a Chicago casino in…
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Chicago casino site could be selected in ‘early 2022’
Chicago Sun Times

Waukegan casino license delayed while Potawatomi lawsuit plays out

The lengthy process to select the developer of a new casino in Waukegan just got longer. State regulators were expected to name a winner in the two-years-and-counting race for the coveted north suburban gambling license Thursday, but the Illinois Gaming Board deferred action due to an ongoing legal battle waged by a spurned operator that claims…
Law
Waukegan casino license delayed while Potawatomi lawsuit plays out
Chicago Sun Times

Handicapping Mayor Lori Lightfoot’s picks for the Chicago casino

As city officials dig into the five competing proposals for a new Chicago casino, they will walk into a squall of numbers and promises. The cost estimates for each mega-complex range from $1.3 billion to $2 billion. Most foresee hundreds of hotel rooms, and some tantalize decision-makers with talk of advance payments to city coffers if awarded the…
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Handicapping Mayor Lori Lightfoot’s picks for the Chicago casino
Chicago Tribune

Only in Chicago does a debate about one casino turn into a fight over six

Chicago is debating the location and operator of its first casino within city limits. It is doing so decades after other cities hungry for tax revenue and willing to overlook the social costs took that step. But our City Council can never make things easy. In the last few days, it has become clear the great civic casino debate is, in fact, not over…
NFL
Only in Chicago does a debate about one casino turn into a fight over six
Block Club Chicago

Billionaire Casino Magnate Says Allowing Betting At Wrigley, United Center Would Hurt City's New Casino Before It's Built

CHICAGO - Allowing sports betting at Wrigley Field and the United Center could make Chicago's first casino a bust, billionaire casino magnate Neil Bluhm told aldermen Monday. Bluhm spoke to aldermen at a hearing about allowing the city's stadiums to offer sports betting - but the teams that would benefit from sports betting at stadiums aren't…
Land-based
Billionaire Casino Magnate Says Allowing Betting At Wrigley, United Center Would Hurt City's New Casino Before It's Built
Chicago Tribune

Chicago has five competing casino bids. Here’s what’s proposed.

Chicago Mayor Lori Lightfoot is looking at five proposals from three firms vying to run Chicago's casino. Now it's almost time for her to show her hand. City officials are sifting through the bids, including one from Hard Rock International that would set the gambling emporium in a massive mixed-use project, One Central, which developers hope to…
Religion
Chicago has five competing casino bids. Here’s what’s proposed.
Crain's Complete Business

Chicago Mayor Lightfoot reviews casino gambling location options

Be it a shopper looking for a new TV, a student searching for the best college, or a voter filling out their ballot, it's good to have choices. Mayor Lori Lightfoot can appreciate that. Thanks to some fine staff work by insiders at City Hall, like Samir Mayekar, and outsiders like attorney Cid Froelich-as well as a little luck-Lightfoot now has the…
Covid
Chicago Mayor Lightfoot reviews casino gambling location options
Chicago Sun Times

Lightfoot sets aggressive timetable for forging ahead on Chicago casino

Mayor Lori Lightfoot said Friday she is "very excited" by the five "well thought out" bids she was dealt last week for a Chicago casino and plans to send a "final list to recommend" to the Illinois Gaming Board "sometime in the first quarter" of next year. With police and fire pension funds hovering dangerously close to insolvency and mounting…
Travel
Lightfoot sets aggressive timetable for forging ahead on Chicago casino
Chicago Sun Times

McCormick Place Lakeside Center eyed for Chicago casino in one of two Bluhm-backed bids

McCormick Place's Lakeside Center would become the "gem" of a south lakefront entertainment district under a proposal to transform the 50-year-old structure into Chicago's mega-casino. A group of developers who are already behind a $4 billion redevelopment of the former Michael Reese Hospital site near Bronzeville said Wednesday they're ready to go…
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McCormick Place Lakeside Center eyed for Chicago casino in one of two Bluhm-backed bids
Herald & Review

WHAT OTHERS ARE SAYING: Get the Chicago casino placed right

As with other real estate, location is critical when it comes to a casino. It affects who comes, who loses money, who has a good time and how much the house, which soon will include Chicago, rakes in at the end of every day. Location is not the whole dice game. The long-stalled Chicago casino project has the potential to be a drag on our beautiful…
Politics
Chicago Tribune

Get the Chicago casino placed right

As with other real estate, location is critical when it comes to a casino. It affects who comes, who loses money, who has a good time and how much the house, which soon will include Chicago, rakes in at the end of every day. Location is not the whole dice game. As this page noted this summer, the long-stalled Chicago casino project has the…
Politics
Get the Chicago casino placed right
Vegas Slots Online

Five Proposals Arrive for Chicago Integrated Casino Resort

HR Chicago has teamed up with Hard Rock International for its proposal, while Rivers Chicago and Rivers 78 Gaming have both proposed a Rush Street Gaming-run project. The remaining two RFPs - and perhaps the headline-stealers - both came from Bally's Corporation. The five proposals from four development groups represent a triumph for Lightfoot's…
Travel
Five Proposals Arrive for Chicago Integrated Casino Resort
WTTW

3 Firms Bid to Build a Casino-Resort in Chicago: Officials

Three firms want to build a casino and resort in Chicago, Mayor Lori Lightfoot's office announced Friday. Rush Street Gaming, led by Chicago billionaire and Rivers Casino Des Plaines operator Neil Bluhm, submitted two separate bids - one for a casino and resort at McCormick Place and the other south of the Loop on vacant land between the South Loop…
Industry
3 Firms Bid to Build a Casino-Resort in Chicago: Officials
Review Journal

Planned Chicago integrated resort won’t be developed by a Las Vegas company

The developer of Chicago's first integrated resort won't have a Las Vegas address. Responses to a request for proposals were announced late Friday by the city, the country's third-largest metropolitan area with 9.5 million residents. Five proposals from four different companies were announced. Replies came from: Bally's Corp., which submitted two…
Land-based
Planned Chicago integrated resort won’t be developed by a Las Vegas company
Sports Handle

City of Chicago Receives Five Bids For Downtown Casino License

As poker hands go, the city of Chicago was dealt a promising opener for suitors to build a downtown casino: two pairs and a wild card. The city announced Friday it had received five bids in response to its Request for Proposals (RFP) issued in April. The deadline was originally established in August, but extended earlier in the summer to allow…
Land-based
City of Chicago Receives Five Bids For Downtown Casino License
Chicago Sun Times

Five bids submitted for Chicago casino, from Hard Rock, Bally’s and Rush Street Gaming

Mayor Lori Lightfoot's Chicago casino game will be five-card draw. Lightfoot's office on Friday announced the city received five proposals from a total of four development groups looking to build and operate the big-city mega-casino that city officials have been trying to land for decades. After pushing back the original summer bidding deadline - a…
Travel
Five bids submitted for Chicago casino, from Hard Rock, Bally’s and Rush Street Gaming
Crain's Complete Business

Chicago casino bids: These investors are likely to make a pitch

At a time when she really could use some good news, Mayor Lori Lightfoot stands to have one of the best days of her tenure on Oct. 29. That's when bids are due for the long proposed Chicago casino-centerpiece of city efforts to pay off hundreds of millions of dollars in old pension debt-and it looks she may just roll boxcars. But while the overall…
Finance
Chicago casino bids: These investors are likely to make a pitch
Chicago Sun Times

Churchill Downs withdraws Waukegan casino application after announcing Arlington Park sale to Bears

One of the state's most influential gambling companies withdrew its bid to win the right to open a new casino in Waukegan just hours after it announced it would sell Arlington International Racecourse to the Chicago Bears, officials said Thursday. Churchill Downs Inc. confirmed the flashy $197.2 million agreement with the Bears Wednesday morning, a…
Mobile
Churchill Downs withdraws Waukegan casino application after announcing Arlington Park sale to Bears
Chicago Sun Times

Bidders for Waukegan, south suburban casinos to make public presentations Oct. 13

Bidders for two new suburban casinos will get one last chance to put their best hands together next month in hopes of landing the lucrative, long-sought gambling licenses. More than two years after casinos were authorized for Waukegan and the south suburbs as part of a sprawling gaming expansion, state regulators on Thursday laid out the clearest…
Covid
Bidders for Waukegan, south suburban casinos to make public presentations Oct. 13
Crain's Complete Business

Neil Bluhm mulls bid for Chicago casino amid a changing gambling industry

Neil Bluhm, the longtime king of legalized gambling in Illinois, isn't much of a gambler. While he might hit the craps tables every few years in Las Vegas, his big bets, he says, are "when I try to do one of these deals." Bluhm means the bidding for Chicago's first casino. His Rush Street Gaming is widely considered by industry insiders to be the…
Industry
Neil Bluhm mulls bid for Chicago casino amid a changing gambling industry
World Casino News

Casino license application extension for Chicago

The administration of Chicago mayor Lori Lightfoot (pictured) has reportedly given firms potentially keen on operating the giant city's envisioned Las Vegas -style casino resort a further nine weeks to submit their official license applications. According to a Friday report from the Chicago Tribune newspaper, the move comes as the community of some…
Travel
Casino license application extension for Chicago
Yogonet

Chicago Mayor extends request for proposals to build its first casino by over 2 months

hicago Mayor Lori E. Lightfoot announced Friday a deadline extension to respond to the casino Request for Proposal (RFP) to Friday, October 29. Originally, bidders had until Aug. 23 to submit a proposal. This new two-month extension gives potential bidders "more time to fully assess the Chicago casino opportunity; conduct additional due diligence;…
Travel
Chicago Sun Times

Lightfoot pushes back casino application deadline as Caesars, MGM pull out

Mayor Lori Lightfoot on Friday announced she's pushing back the deadline for bids to build a long-sought casino in Chicago as the city looks to lure more developers to the table. Proposals for the mega-casino had been due Aug. 23, but interested parties now have until Oct. 29, giving groups "more time to fully assess" the opportunity and "assemble…
Mobile
Lightfoot pushes back casino application deadline as Caesars, MGM pull out
Review Journal

Chicago casino resort about to enter ‘request for proposals’ stage

It shouldn't be long before Chicago unveils its request for proposals to build a casino resort in the nation's third-largest metropolitan area. It was in early March that Chicago Mayor Lori Lightfoot announced that an RFP is coming for a single resort that is expected to include hotel, dining, entertainment and convention amenities. Several…
Travel
Chicago casino resort about to enter ‘request for proposals’ stage
Street Insider

Chicago Bears, BetRivers and Rivers Casino Announce Multi-Year Exclusive Partnership

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Hometown partnership marks Bears' first exclusive deal in Casino and Sportsbook categories CHICAGO--(BUSINESS WIRE)--The Chicago Bears, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago-based gaming company that operates BetRivers.com, and Rivers…
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Gambling News

Casino Tycoon Neil Bluhm Expands Empire with dMY Technology Group Merger

The Covid-19 pandemic has boosted the growth of the online gambling industry and is set to put the legalization of sports betting across the USA on a fast track. Chicago billionaire Neil Bluhm added another $1 billion to his fortune following the merger between Rush Street Interactive (RSI) and dMY Technology Group on December 30. Rush Street…
Covid
Casino Tycoon Neil Bluhm Expands Empire with dMY Technology Group Merger
Casino News Daily

Rush Street Interactive Closes This Year’s Third Gambling SPAC Merger

Rush Street Interactive, the online gambling arm of casino operator Rush Street Gaming, finalized its combination with dMY Technology Group on Tuesday and went public on the New York Stock Exchange the following day. The combined company was renamed Rush Street Interactive, Inc. and its common stock as well as warrants of the combined company now…
Covid
Rush Street Interactive Closes This Year’s Third Gambling SPAC Merger
US Gambling Sites

Casino Tycoon Neil Bluhm Predicts Growth in Online Casinos

In a recent interview with Forbes, the Chicago billionaire Neil Bluhm said that online casinos would grow significantly than sports betting. Neil Bluhm owning multiple real estate and brick and mortar casinos, is also the CEO of Rush Street Interactive (RSI) that recently went public. According to the tycoon, Rush Street Gaming is currently…
Covid
Casino Tycoon Neil Bluhm Predicts Growth in Online Casinos
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