Online Casino News

A state-owned casino could expand profits - 2004-02-09
Eight years ago State Sen. George Shadid advised that if a casino was to launch in Chicago, the state should own it and reap the profits. Shadid argued that Illinois would expand its revenue by owning a gambling house, as opposed to awarding an operating license to a private company.

But now the concept of a state-owned casino is getting new life, thanks to a proposal on the state's tenth license. The owners of the Hollywood Casino in Aurora want to purchase the license for $506 million, establish a casino in suburban Rosemont, and then resell back to the state for a buck.
Read the full story at PJStar.com

Casino tax could offer some aid - 2004-02-09
Locals in northern Lake County have reason to be anxious about their approaching property tax bills.
Changes in the state’s property tax program will move much of the property tax burden from industries to homeowners, tax experts have revealed.

But that district's three cities also have a special resource: money from casino boats.
Tens of millions of dollars flow into Gary, Hammond and East Chicago from the floating gambling sites in each city, annually.
Read the full story at Post-Tribune