Chicago casino resort about to enter ‘request for proposals’ stage
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Chicago is planning to build a casino resort. Four gaming companies responded to the RFP. The city has a 40 percent gaming tax rate. Chicago attracted nearly 60 million domestic visitors in 2019. The area has more than 9.5 million residents. There are 130 daily nonstop flights from New York City, San Francisco and Washington, D.C. to Chicago. It has two major airports. A pandemic could affect the development of a Chicago casino. Illinois Legislature reduced the gaming rate for the proposed resort last year. Las Vegas-based Wynn Resorts Ltd. and MGM Resort International, Florida’s Hard Rock International and Chicago- based Rush Street Gaming responded.
Genting Group has capacity for another resort after opening Resorts World Las Vegas this year. Caesars Entertainment Inc. is well-established in Illinois and Indiana markets close to Chicago. The Review-Journal is owned by the family of Sheldon Adelson, the late chairman and CEO of Las Las Vegas Sands Corp.
