Chicago’s Proposed Casino Hits Snag: Not Enough ‘Profit’ for Private Investors

Chicago (the “Loop”) at Dusk. Gleaming Towers Dedicated to the Service and Worship of Capitalism(123rf.com/stock-photo/chicago image)

A study commissioned by the City of Chicago on where to build the city’s first land-based gambling casino says that none of the five proposed locations are “financially feasible” due to high taxes and fees built into the legislation authorizing the casino. That law was passed earlier this year by the Illinois General Assembly and signed by the new Governor…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store