Union Gaming to assess Chicago casino project
Las Vegas advisory firm Union Gaming will assess a potential Chicago casino project after the Illinois Gaming Board hired it to conduct a feasibility study.
US.- The Illinois Gaming Board (IGB) is considering whether to get Chicago its own casino resort. That’s why it hired Las Vegas-based investment bank and advisory firm Union Gaming (UG) to conduct a feasibility study.
“UG was selected following a competitive bidding process compliant with the Illinois Procurement Code,” the state body said. “The IGB received a total of three bids. Two of the bids were disqualified as untimely because they were received after the bidding process deadline had passed.”
Should the company consider a Chicago casino project suitable for the city, it would then decide where to locate it.
The approved legislation
The gaming industry continues to expand. After waiting for nearly a month, Illinois joined the sports betting market as Governor JB Pritzker signed the respective bill.
The piece of legislation cleared the General Assembly earlier in June. Senate Bill 690 passed the high chamber on a 46-10 vote and was awaiting the governor’s signature.
“Together we passed the largest, most robust capital plan in this state’s history,” Pritzker said. “We’re investing US$45 billion over six years to fix what’s broken and repair what needs fixing.”
The bill authorises six new casinos in downtown Chicago, Williamson County, Rockford, Waukegan, Danville and South Suburbs. Moreover, those facilities, as well as race tracks and sports venues with more than 17,000 seats will also be eligible to buy Illinois sports betting licences.
