What's Happening With the Casino-Resort in Chicago?
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Today, we'll talk about why the deadline was extended and the Casino-Resort in Chicago. We'll also discuss some of the ways that Illinois’ gaming industry is set to expand over the next few years.
US Casinos Continue Seeing Boosts in Visitation Rates. Between April and June, casinos in Las Vegas pulled in the best revenue figures since 2006. People around the country are still interested in gambling inside popular casinos. Chicago is not going to get a new casino anytime soon. The state does not have any casinos at the moment. It's not clear if Chicago will get one anytime in future.
The deadline for applying for a casino-resort license in Chicago has been extended to October 29. Most of the country's biggest gaming companies are not interested in operating this venue. Some small, regional companies will apply for the license. The deadline was set for August 23. Illinois has the second-largest sports betting market in the U.S.
The deadline for bidders for the Casino-Resort in Chicago has been extended.
Illinois is one of the states that has embraced the sports gambling industry. The first sportsbook in Illinois officially launched in March 2020. In June, more than $476 million was placed on sports wagers in the state. Gross gaming revenue in June came out to $47.5 million. This is a 31% increase from May.
