Big Vegas Gaming Operators Decline to Bet on a Chicago Casino – WTTW (Chicago)

Monday was the initial deadline to submit proposals to develop the much-vaunted project — but after few bidders appeared interested — the city pushed back the deadline to the end of October.
17 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Pension Thief
2 years ago

Come to the Chicago casino, lose your money and lose your life.

The Paraclete
2 years ago

Perhaps if the prospective casino operators read Crains they’d be falling all over each other for a wonderful opportunity.

Aaron
2 years ago
Reply to  The Paraclete

Lol

BB
2 years ago

Chicago and Illinois just do not get it!
High taxes, crime, corruption. Not moving here

Rick
2 years ago

The operators need to insist on a 15% tax rate and no unionization of their employees. At 40% they will have to rig the machines to pay out much less than competing casinos. and competing casinos can simply advertise that they have better pay out. Also the SEIU will eat any operator alive. SEIU will dictate all HR rules of an operator, then eventually how the place is actually run. Parking rates, crime, etc. are another huge hurdle that would keep gamblers away. Look at how the unions have pushed conventions out of Chicago by hassling exhibitors to death on… Read more »

Last edited 2 years ago by Rick
nixit
2 years ago
Reply to  Rick

Actually, Unite Here and UAW are the big players in casino union representation.

LessonLearned
2 years ago

Other corporations are avoiding Chicago. Why would the gambling industry be any different?

lana
2 years ago

Build a private casino in Chicago? Not in a city where crime, murder, rape, robbery are the flavor of the day and go unpunished.
Not in a city where police are not allowed to do their job. Where criminals have more rights than police.
The owner of this special casino will have to be as corrupt as the handlers. Good Luck

Aaron
2 years ago
Reply to  lana

Not in a city whose values line up with the mega corporations and China. Not in a city that is facilitating the bio-pharma extortion scheme that is covid. Not in a city that doesn’t recognize that we are at war with corrupt politicians BTFO by China and extorted by our deep state. And on and on. . .

Ex Illini
2 years ago

For profit organizations don’t line up to lose money. This is something simpleton Lori can’t grasp. Pathetic.

Wally
2 years ago
Reply to  Ex Illini

Government and public sector unions don’t know what profit/loss means. They just run deficits and go to the taxpayers to ensure “profit” meaning pensions and benefits. Maybe spending some time in the private sector would educate them.

The Paraclete
2 years ago
Reply to  Wally

That’s very true. Running short of money? Taxes represent an endless revenue stream. Go to the private sector, they wouldn’t last a week. For profit companies don’t look for morons, the government does!

Truth in Cook County.
2 years ago

Illinois and Chicago making themselves uncompetitive again with high taxes. They really are in a bubble thinking that making the city and state competitively attractive for businesses and residents does not matter. The rest of the worlds says otherwise, as do our recent worst in the country population trends.

Willowglen
2 years ago

I was struck by Las Vegas’ 6.75 percent tax rate as compared to Illinois’ 40 percent rate. Illinois and irs public sector union complex live in a bubble. I don’t like casinos and the externalities they impose on communities, but if you must have then be at least minimally realistic about tax rates.

debtsor
2 years ago

The casino would be a magnet for crime and riff raff. It’s not worth the hassle. And probably 40+ politicians would should up weekly in disguise looking for their piece of the pie.

willowglen
2 years ago
Reply to  debtsor

The casino operators likely factor in crime prevention in their costs. Crime almost invariably follows casinos, which, for sound reasons, must already be very sensitive to security issues. In Chicago, those costs have to be considerable, yet another form of “tax” in addition to the 40 percent Illinois seeks. Savvy operators have to know what they would face in Chicago. What astounds me is that politicians think a casino is the answer to revenue woes when the reality is once all costs are truly calculated incremental revenue is modest, and a slew of negatives come with the casino as well.… Read more »

The Paraclete
2 years ago
Reply to  debtsor

Savvy politicians will send their bagman with a can of gasoline. The skim must exceed or equal the weight of the gas can. Lori could wear her DOWM disguise with the buckle clown shoes.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints

Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no. 

Read More »

Gov. Pritzker’s ‘ethics reform’ eliminates competitive elections and choice for voters – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about a new law passed by the Democratic supermajority and signed by Gov. J.B. Pritzker that results in brazen election interference, keeping Republicans off ballots; about a referendum that tests the waters for a renewed progressive income tax hike; about how the Parental Notification referendum question was knocked off the ballot; and why laws like that pass so easily.

Read More »

Chicago needs more champions of literacy like Willie Wilson – Wirepoints

It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE