* Mitchell Armentrout at the Sun-Times…
Although Mayor Lori Lightfoot’s opening roll for a Chicago casino came up snake-eyes, a new tax structure keeps her in the game.
But it’s too early to tell whether she winds up making her point or sevens out.
That’s according to the Las Vegas consulting firm that previously declared that the “exceptionally onerous” taxes originally written into state law last summer would mean no dice for the city as it tried to attract developers to the table for a shot at the long-sought megacasino.
Union Gaming Analytics now says the revised Chicago structure that passed the Legislature during a shortened spring legislative session in May is “significantly more palatable for potential developers,” lowering the effective tax rate on gaming revenue from a whopping 72% to about 40%.
That should be “attractive enough” to draw proposals from gaming developers — and the city should start soliciting information from them, analyst Grant Govertsen wrote for Union Gaming in a report released this week.
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