FILE – In this July 15, 2011 file photo, Karen Lingermuth, of Niles, Ill., plays the slots during a special VIP event at the Rivers Casino in the Chicago suburb of Des Plaines, Ill. Chicago is taking a big step toward building its long-awaited first casino. Starting Thursday, April 22, 2021, city officials are officially seeking bids from companies interested in what’s being billed as a “world-class” resort scheduled to open by 2025.
FILE – In this Nov. 12, 2019 file photo, Chicago Mayor Lori Lightfoot talks to reporters after meeting with House Democrats at the state Capitol, in Springfield, Ill. Lightfoot announced Thursday, April, 22, 2021, that Chicago is now officially seeking proposals to operate a massive resort that includes a casino, a hotel of up to 500 rooms, restaurants and bars. Whoever gets the license will also get to run slot machines at both of Chicago’s airports.
CHICAGO (AP) — Chicago is laying its cards on the table and officially seeking bids to build the first casino in the nation’s third-largest city.
City leaders want a “world-class” resort that’ll draw locals and tourists while boosting Chicago’s finances, but several steps remain.
Here’s where things stand:
Mayor Lori Lightfoot announced Thursday that Chicago is officially seeking proposals to operate a resort that includes a casino, a hotel of up to 500 rooms, restaurants and bars. Whoever gets the license will also get to run slot machines at both of Chicago’s airports. Overall, the operator will be allowed up to 4,000 “gaming positions”, or seats where bets are placed.
Under Chicago’s timeline, applicants will publicly present their plans in September, and the winner will be chosen in 2022. Final approval from the city and state gambling regulators is required.
To generate early revenue for the cash-strapped city, the operator will also be allowed to open a “temporary casino” for up up to two years at a site of their choice.
“The bottom line is to make sure we are getting revenue as quickly as possible,” Lightfoot said at a briefing ahead of Thursday’s announcement.