Chicago casino would be a costly bet, gambling operators say
Monday 26 de July 2021 / 08:38
⏱ 1 min read
(Chicago).- Chicago leaders are searching for a company to build the city’s first casino, but big gambling operators are concerned that the government’s plans will be too costly to make the project feasible.
The city is calling for a megaresort with hotel rooms, meeting space and a surrounding entertainment district, according to a request for proposals issued in April. Chicago is hoping a casino will aid its underfunded pensions, said city officials.
Chicago’s requirements for the megacasino mean a developer could have to spend $1 billion or more to accomplish the task, according to one person familiar with the plans. Casino-resorts that have opened in Las Vegas and Boston in recent years, albeit on a larger scale than what Chicago has proposed, have cost $4.3 billion and $2.6 billion.
Besides, sports betting would be allowed at Chicago’s stadiums and at the casino that’s set to be built here under an ordinance proposed Wednesday by two aldermen.
The ordinance, if approved by the City Council, would allow the city’s pro sports arenas and ballparks to purchase sports wagering licenses and allow visitors to place bets. The plan would lift the city’s current ban on sports gambling.
The proposal, which is sure to be controversial, was submitted by Aldermen Walter Burnett Jr., 27th, and Brian Hopkins, 2nd. It covers Wrigley Field, Guaranteed Rate Field, Soldier Field, United Center and Wintrust Arena.
The proposed measure was promptly shunted to the council Rules Committee by Far South Side Ald. Anthony Beale, 9th, meaning it will be a couple of months at least before it can get a proper hearing.
Categoría:Casino
Tags: Sin tags
País: United States
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
GAT Expo Cartagena 2026 came to an end after a resounding success
(Cartagena de Indias).- With this closing, GAT Events continues its remarkable 2026 circuit with upcoming stops in Mexico City, São Paulo, San Juan, Bogotá and Santo Domingo, consolidating its presence as a B2B platform for the development of the legal gaming business in Latin America and the Caribbean.
Friday 27 Mar 2026 / 12:00
Latin American Regulators Unite to Tackle Illegal Gambling and Highlight Risks for Minors
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, Jesús Mariano Acevedo, President of LOTBA (Buenos Aires City Lottery), took part in the regulators’ panel where he analyzed online gaming challenges, the rise of illegal gambling, and the need for a joint strategy between the public and private sectors in the region.
Friday 27 Mar 2026 / 12:00
Nevada’s Regulatory Model Offers Key Lessons for Latin America at GAT Expo Cartagena 2026
(Cartagena de Indias, SoloAzar Exclusive).- During GAT Expo Cartagena 2026, SoloAzar provided exclusive on-site coverage of the international conference “Lessons from Nevada’s Regulatory Model for Latin America,” where Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, delivered a comprehensive overview of regulatory best practices, emphasizing that “strong regulation is not the enemy of a successful gaming industry—it is the foundation that makes long-term growth possible.”
Thursday 26 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.