#Waukegan

Will schools see revenue flow to them from Waukegan casino?

Waukegan's temporary American Place casino is scheduled to open this fall. Waukeson's Unit School District 60 students begin the 2022-23 school year on August 11. The temporary casino will have 1,000 slot machines and 50 table games. It will be staffed by at least 260 dealers. Mayor Ann Taylor wants to know what the winning casino bidder plans to do for the schools within the city limits. The permanent casino's construction will take 3-5 years. Warren Township High School district 121 and Woodland Grade SchoolDistrict 50 will eventually receive property tax revenue from the casinos.
Finance

Hard Rock Eyeing Potential Casino In Southeastern Wisconsin

Hard Rock International and the Menominee Indian Tribe of Wisconsin are teaming up to bring a casino to southeastern Wisconsin. The village of Bristol voted to sell a 60-acre parcel of land in the city of Kenosha to an affiliate of Hard Rock for $15.2 million. Full House Resorts is currently constructing a temporary casino in Waukegan, Illinois. The Temporary by American Place is expected to open this fall.
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Hard Rock Eyeing Potential Casino In Southeastern Wisconsin
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Anticipated opening dates at Full House Resorts’ ongoing developments have slipped by a matter of weeks, as operating results through the year’s second quarter lagged versus prior-year results.

Supply chain issues snarling slot machines’ path to casinos

Supply chain issues are snarling slot machines' path to casinos. Nevada's gaming equipment suppliers expect to have delivered more than 13,700 new slot machine to roughly 30 North American gaming projects by 2022. The industry is centered in Asia and supply chain problems have been a challenge. JCM Global, a provider of more of the bill validators used by the slotmachine industry, has seen chip shortages impact its business. The company is still shipping products daily. It is focused on meeting its gaming and casino customers' record demand.
Covid
Supply chain issues snarling slot machines’ path to casinos
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Column: Dogs on the run no match for growing casino industry

Waukegan and Kenosha will not build a gaming casino. The Menominee tribe tried to open a casino at the Kenoza County greyhound track in 2015, but it was rejected by the governor. Full House Resorts won the contest for the Waukeshian site. It plans a $500 million gaming palace on 32 acres in the Fountain Square entertainment corridor. The industry's first quarter of the year brought in more than $5.3 billion from gamblers. There will be only two greyhounds racing tracks left in America by end of year.
Industry
Column: Dogs on the run no match for growing casino industry
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Suburban Chicago Casinos Nearing Construction

Full House Resorts finalized an agreement with Waukegan to open a temporary casino. The temporary facility will be open by September. It will stay open while the permanent facility is under construction. After the temporary agreement, Full House has an option to purchase the land for $30 million. Bally’s in River West is on track to be operated by Fullhouse. Governor JB Pritzker signed a 2019 bill into law that created paths to new casinos across the state. A $1.7 billion proposal for a Baly”s casino in Chicago was approved by the City Council last week.
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Suburban Chicago Casinos Nearing Construction

Column: Chicago rushes to approve casino deal while south suburbs hit jackpot with trusted partner

Chicago is in a hurry to approve a $1.7 billion casino deal. Chicago CFO testified that the city loses $1000 million per day in revenue without a functioning casino. Joliet has had a double casino payday for nearly three decades. In northwest Indiana, officials in Gary and Lake County have reacted to recent developments in Chicago. The first casino in Illinois opened May 4, 1993. It was called the Empress. Now it's owned by Hollywood Casino. They also own the naming rights to Tinley Park’s outdoor amphitheater. In Gary, the officials reacted by delaying the casino approval.
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Column: Chicago rushes to approve casino deal while south suburbs hit jackpot with trusted partner
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Off The Record: Casino Choice In Chicago Could Have Big Effect On Des Plaines

Des Plaines is considering a casino in Chicago. The city is about to choose a preferred operator. One of the bidders is a company controlled by Neil Bluhm, who developed Rivers Casino in Des Plaine. Rivers has been a success since it opened in 2011. Desplaines gets about $10 million a year from the casino. Most of that money goes to the state and 10 South suburbs. Elgin and Aurora casinos saw their income take a hit when Rivers opened. Chicago will probably open a temporary casino and divert money away from Rivers. In two to three years Des plaines will feel the financial pinch created by the opening of a Chicago casino, according to a consultant.
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Off The Record: Casino Choice In Chicago Could Have Big Effect On Des Plaines

Chicago casino bids are mediocre-Lightfoot should start over

In 1992, Chicago had the three largest, publicly traded gaming companies and the Pritzker family promising to invest $2 billion in downtown. Now, 30 years later, the city has only been able to attract three mid-tier gaming operators. The 2022 proposals offer less than half the level of private investment.
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Chicago casino bids are mediocre-Lightfoot should start over

Illinois Casino And VGT Revenue Bounces Back In February

Illinois casino and VGT revenue increased in February. The state received $11.5 million in casino revenue and $58.6 million from VTGT. Sports wagering revenue for February is not available. The COVID-19 pandemic in early 2021 had a negative impact on the state's gaming revenues.
Finance
Illinois Casino And VGT Revenue Bounces Back In February
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Full House gets Waukegan's first official approval for temporary American Place casino in illinois

The Waukegan Planning & Zoning Commission has approved the site plan for a temporary casino in Lake County, Illinois. The commission unanimously recommended the council approve the plan. Aldermen are to vote on the recommendation on March 21. Full House Resorts is targeting July for the opening of the temporary American Place casino. It bought a tent structure from Sprung Structures. The temporary 75,000-square-foot tent-like structure is set to open by July. Last month, Fullhouse announced it entered into an agreement to purchase 10 acres of land adjoining the nearly 30-acre casino site to be leased from the city.
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Full House gets Waukegan's first official approval for temporary American Place casino in illinois

Illinois gaming regulators approve Danville casino plan

Illinois gaming regulators approve a plan for a new casino in Danville. The planned 41,500-square-foot gaming floor is expected to have 500 slot machines, 14 table games, two restaurants and a sports book. Danvillen is the latest community to get a green light for new gaming under a 2019 law that expanded gambling in Illinois.
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Illinois Gaming Board approves Danville casino

Illinois Gaming Board approves preliminary approval for a new casino to open in Danville. It's the 15th casino approved in Illinois since the state legalized casino gambling in 1990. The biggest jackpot of the gambling expansion is the Chicago casino. Mayor Lori Lightfoot is considering five proposals to run the casino, and she's expected to pick a finalist this spring.  Pritzker is betting on the expanded gambling options and the resulting tax revenue to help fund his $45 billion capital infrastructure improvement plan. Only one of those casinos has started taking bets.
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Illinois Gaming Board approves Danville casino

Full House and Casino Queen Tab Execs For Illinois Casinos

Full House Resorts and DraftKings at Casino Queen have announced management-level hirings for their respective Illinois-based operations. Full House has taken first steps towards constructing a temporary casino in Waukegan. Draft Kings at casino Queen has hired Marc VanderWeele as its new general manager.
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Full House and Casino Queen Tab Execs For Illinois Casinos

Full House names new COO, confirms summer opening of temporary casino for Illinois project

Full House Resorts promotes John Ferrucci to the newly-created position of Senior Vice President and Chief Operating Officer. Ferricci will be tasked with overseeing the company's efforts to open a temporary venue at American Place in Waukegan, Illinois this summer. He will continue to serve as General Manager of Full House Resort’s Silver Slipper Casino Hotel in Hancock County, Mississippi.
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Full House names new COO, confirms summer opening of temporary casino for Illinois project

Hard Rock responds to player's wishes with dynamic slot product

Hard Rock Casino Northern Indiana has increased its slot inventory by 300 games. The casino is marketing the newest and most popular games to differentiate between them. It's kind of like a retail store unveiling a new product line. The most successful games are positioned prominently and the most valuable ones are strategically positioned to attract the attention. Some of the legacy titles are making a comeback. They include IGT’s classic 2000 cabinet series. Scientific Games will bring some of its newest product to the casino at the end of this month. This is in response to guest feedback and revenue reports. A slot director arranges the games in such a way as to make them attractive to play and visible to guests.
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Hard Rock responds to player's wishes with dynamic slot product

Casino proposals in Waukegan, south suburbs win initial state approval

Wind Creek Hospitality has plans for a 64,000-square-foot casino in Homewood and East Hazel Crest. Hard Rock Casino Rockford opened last month. Walker’s Bluff Casino Resort in southern Illinois” received initial approval from state regulators this summer. Chicago will choose a casino operator early next year. The six new casinos are designed to generate revenue for the state to pay for construction projects at public schools, state universities and community colleges. The state s $45 billion “Rebuild Illinois" capital plan is aimed at rebuilding the economy.
Gaming Authorities
Casino proposals in Waukegan, south suburbs win initial state approval

Vegas-based Full House Resorts approved for casino resort near Chicago

Full House Resorts won preliminary approval from the Illinois Gaming Control Board to build a casino and hotel complex 40 miles north of downtown Chicago. The company will open a temporary casino in Waukegan by the middle of 2022. It will be followed by a permanent casino, hotel and entertainment complex finished by 2024. Full House also owns Stockman’s Casino in Fallon, Nevada and operates the gaming space at the Hyatt Resort in North Lake Tahoe. Full house raised more than $300 million in new debt earlier this year to help pay for the Colorado project, an expansion at its casino. in Mississippi and the Wausau development.
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Vegas-based Full House Resorts approved for casino resort near Chicago

Column: Heavy lifting now begins with Waukegan casino licensee named

Full House Resorts won the Waukegan gaming sweepstakes. The company has casinos in Indiana, Colorado, Mississippi Gulf Coast and Nevada. It is not clear why the board selected it over the North Point Casino group. There is a federal lawsuit filed by The Forest County Potawatomi Community. The tribe claims the process was "rigged" by previous city officials to favor the bid backed by Bond. A Cook County judge rejected the tribe's request for a temporary restraining order. He also ruled that the journey is just beginning before ground is broken for the casino.
Covid
Column: Heavy lifting now begins with Waukegan casino licensee named

Full House Resorts Gets Approval for New Illinois Casino

Full House Resorts has been selected to develop and operate a new casino in Waukegan, Illinois. The company's share price jumped 18%. The permanent casino is set to open in 2024 and will cost $375m. North Point Casino was the other company in the running to get the license.
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Full House Resorts Gets Approval for New Illinois Casino

Illinois Gaming Board decision: IL panel picks casino proposals in Waukegan, Homewood/East Hazel Crest

Illinois Gaming Board picks two casino proposals in Waukegan and Homewood/East Hazel Crest. Homewsood and East Hazel are happy. Matteson's proposal was rejected. Wauskegon's American Place Casino will be built on the Fountain Square property owned by the city. It will include a helipad and 20-room mansion for high-roller guests.   The mayor hopes it will open in two years. The Wind Creek Casino is expected to open by 2023. it's proposed to be a 70,000-square-foot facility with slots, table games, entertainment, dining and a 252-rooms hotel.
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Illinois Gaming Board decision: IL panel picks casino proposals in Waukegan, Homewood/East Hazel Crest

IGB Tabs Finalists For Waukegan, Cook County Casino Licenses

Full House Resorts and Wind Creek are the final two applicants for the casino licenses available in Waukegan and suburban Cook County. The process to get to this point for these two licenses has moved at a slower pace than the other four created by the 2019 gaming expansion bill. The COVID-19 pandemic was one factor. Local laws involving the bidding process that required the IGB to procure a financial analyst to review the finalists also contributed to the more lengthy process. Wurkega's mayor Ann Taylor believes the Illinois Gaming Board made the correct decision.
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IGB Tabs Finalists For Waukegan, Cook County Casino Licenses

Las Vegas company is state gaming board's pick to run Waukegan casino

Full House Resorts is chosen by the Illinois Gaming Board to run the American Place casino in Waukegan. The decision dashes the hopes of North Point Casino, which is led by former state lawmaker Michael Bond. The planned casino will be built on the site of the shuttered Fountain Square shopping center.
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Las Vegas company is state gaming board's pick to run Waukegan casino

Column: Casino license delay another turkey for Waukegan

The Forest County Potawatomi Community is suing Waukegan over the delay of a casino. The tribe claims the process was rigged to favor the group led by former state Sen. Michael Bond. Wurkegans rejected the first casino bid in 2004 because of the developer's association with a politician. The current suit points the finger at former Mayor Sam Cunningham and his City Council allies. He lost his reelection bid earlier this year. It's alleged that the council members influenced the selection of North Point Casino. They were chosen over Full House Resorts and Rivers Casino Wawkega.
Politics
Column: Casino license delay another turkey for Waukegan

Churchill Downs to sell land near Florida's Calder Casino to Blackstone's real estate brand

Churchill Downs Inc. has signed an agreement to sell 115.7 acres of land near Calder Casino in Miami Gardens, Florida, for $291 million. The company will retain ownership of 54 acres on the current 170-acre parcel of the Calder casino. It also agreed to buy the Arlington International Racecourse in Illinois for a total of 326 acres. The sales come as Churchill is embarking on new major investments and projects. In August, the company announced three major capital investments to transform key areas at the home of Kentucky Derby. This will begin with the Homestretch Club for Kentucky derby in 2022 and culminate with a Paddock area redesign for the 150th running of derby.
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Churchill Downs to sell land near Florida's Calder Casino to Blackstone's real estate brand

More states considering casino gambling expansion

American Gaming Association reports a quarterly record for July, August and September. AGA reports $38.67 billion in revenue through the first nine months of the year. The industry is on pace to smash its annual record of $43.65 billion set in 2019. States that offer some form of gaming generate tax revenue to help solve a multitude of problems. Nevada casinos collected $3.683 billion for the third quarter of 2020. The total won in Nevada in the quarter was 26.5 percent of nationwide third-quarter amount.
Gaming Authorities
More states considering casino gambling expansion

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

Lori Lightfoot is looking at five proposals from three firms vying to run Chicago's casino. She wants to get a finalist to recommend to the Gaming Board by the first quarter of next year. The city needs the casino revenue to help plug its pension funding holes. The Illinois Gaming board will decide whether to award a license to a developer of a Chicago casino, which is one of the most consequential decisions Light foot will face as mayor.
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Chicago has five competing casino bids. Here’s what’s proposed.

Lightfoot sets aggressive timetable for forging ahead on Chicago casino

Mayor Lori Lightfoot is excited about the five bids for a downtown Chicago casino. She wants to send a final list to the Illinois Gaming Board in the first quarter of next year. The revenue from the casino will help fund the police and fire pensions. The sites recommended by the development groups are McCormick Place Lakeside Center, the truck marshaling yards adjacent to McCormack Place, The 78, and the Chicago Tribune's Near North Side publishing plant. Bally's Corporation, Hard Rock International and two groups with proposals spearheaded by Neil Bluhm's Rush Street Gaming are the other potential partners.
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Lightfoot sets aggressive timetable for forging ahead on Chicago casino

Chicago casino proposals include Bally's, Rivers, Hard Rock, Rush Street Gaming options, Mayor Lori Lightfoot's office says

Chicago casino proposals include Bally's, Rivers, Hard Rock, Rush Street Gaming options. Baly Corporation wants to set up shop at the old Chicago Tribune Publishing Center. Hard Rancher International submitted a bid for a single site. Some residents fear the increased traffic and crime. Governor JB Pritzker signed a law expanding gambling in 2019. The new law includes a casino expansion. Mayor Lori Lightfoot remains optimistic about the odds of a new casino. She hopes it will boost the economy and help plug future budget shortfalls. It could also boost tourism. However, some residents are skeptical.
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Chicago casino proposals include Bally's, Rivers, Hard Rock, Rush Street Gaming options, Mayor Lori Lightfoot's office says

Illinois Gaming Board selects two finalists for Chicago Southland casino

Illinois Gaming Board selects two finalists for Chicago Southland casino. One of the bids would see the creation of a venue near the border of Homewood and East Hazel Crest. The second one would locate it in Matteson, pitched by Hinsdale businessman Rob Miller and the Choctaw Nation of Oklahoma. Regulators rejected applications from Calumet and Lynwood. Final selection for a winning bid will happen next year. It took nearly two years for the application to be submitted. Sports legend Bo Jackson and entrepreneur Dan Fischer backed the Calumbet City bid.
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Indiana The Talk Of Southland Cook County Casino License Applicants

The Illinois Gaming Board is considering a casino license application from Southland Cook County. The board did not vote on the three finalists Wednesday. They will meet again next Wednesday to choose a winner. The winner will be announced by January. Illinois Gov. JB Pritzker signed a gaming expansion bill that legalized sports betting in June 2019. State Rep. Anthony DeLuca asked him to push the IGB into action.
Gaming Authorities
Indiana The Talk Of Southland Cook County Casino License Applicants

North Point And Full House Make Pitches For Waukegan Casino License

North Point Casino and Full House Resorts presented their bids for the Waukegan casino license to the Illinois Gaming Board on Wednesday. Rush Street Gaming and Churchill Downs Inc. withdrew their bid for Wurkegen on September 29. The Chicago Bears bought Arlington Park from CDI for $197.2 million. CDi and Rush St. operate Rivers Casino in Des Plaines, 30 miles from Wulkega. Potawatomi Casino is located 55 miles north of Wulakegans.
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North Point And Full House Make Pitches For Waukegan Casino License

Column: Potawatomi lawsuit casts shadow over Waukegan casino choice

The Illinois Gaming Board is considering two casino proposals for the Waukegan gaming mecca. The process has been complicated by a number of factors, including the recent coronavirus emergency. A federal lawsuit filed by the Forest County Potawatomi Community is also complicated. The tribe operates a successful casino in Milwaukee. It claims Wausaugean officials used incorrect information compiled by its casino consultant to reject its bid. Wusauges lawyers say the suit is invalid. Governor J.B. Pritzker pushed for a gambling expansion in Illinois.
Law
Column: Potawatomi lawsuit casts shadow over Waukegan casino choice

Waukegan Casino Construction and New Job Opportunities in Chicago

The Waukegan casino in Chicago is supposed to open next year. The construction has been delayed due to the delay of the state's approval of a casino license. The state of Illinois wants to prepare for a job invasion that will generate millions of dollars for both the city and its citizens.
Covid
Waukegan Casino Construction and New Job Opportunities in Chicago

Chicago’s casino resort plan thwarted by high tax rate, abundant competition

Chicago's request for proposals for a casino resort was rejected. The deadline for responses has been pushed back to October 29. Las Vegas-based companies won't be bidding. Caesars Entertainment won’t be in the hunt because it already has several properties in Illinois and Indiana. Waukegan, Illinois, is considering bids for its own casino. The maximum tax rate in Nevada is 6.75 percent. Illinois would impose 40 percent on gross gaming revenue from the Chicago resort. It's higher than in other states. There's also a new gaming expansion in Wawkega.
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Chicago’s casino resort plan thwarted by high tax rate, abundant competition

Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

MGM Resorts International, Las Vegas Sands, Wynn Resort and Caesars Entertainment won't submit a proposal for an integrated resort in downtown Chicago. The city is considering Waukegan, Illinois, for a gaming development. Illinois has 10 casinos and more than 40,000 video gaming terminals. The state has also invested in sports betting. Chicago Landmarks Commission approved a two-story sportsbook next to Wrigley Field. It's possible that only a handful of offers will be accepted. Wurkegen is one of five locations slated for casino project as part of Illinois’ 2019 gaming expansion legislation.
Sports
Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

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

The deadline for bids to build a casino in Chicago has been extended to October 29. The deadline was previously set for August 23. Caesars Entertainment and MGM Resorts International have already said they won't build the casino. The casino was authorized as part of a massive statewide gambling expansion signed into law in 2019 by Gov. J.B. Pritzker. A state-hired consultant had previously said the tax rate was too high for any casino operator to make a profit. It was lowered to 40%. It's unclear how many proposals have been submitted.
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Lightfoot pushes back casino application deadline as Caesars, MGM pull out

IGB Officials Approve New Casino in Illinois

Illinois has nine brick-and-mortar casinos and only six of them are classed as commercial ventures. Construction work is starting on the first of six new casinos in Rockford.
Law
IGB Officials Approve New Casino in Illinois

Lightfoot Touts Chicago As "World Class" City For Casino and Resort

Chicago is accepting proposals for a downtown casino. The city issued its RFP in late April. MGM Resorts said it would not be among the applicants. Mayor Lori Lightfoot is promoting her city at the National Council of Legislators from Gaming States. The goal is for the downtown Chicago casino to be open by 2025.
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Lightfoot Touts Chicago As "World Class" City For Casino and Resort

Casino Tycoon Neil Bluhm Predicts Growth in Online Casinos

Neil Bluhm owns multiple casinos and is the CEO of Rush Street Interactive. Rush Stating went public on the New York Stock Exchange. Blahm believes that the USA financial needs following the COVID-19 pandemic will increase. He believes states will legalize all online gambling.
Covid
Casino Tycoon Neil Bluhm Predicts Growth in Online Casinos