Latest Post | Last 10 Posts | Archives
Previous Post: *** UPDATED x1 *** Sen. Dale Righter cleans up Eastern Bloc member’s mess
Next Post: 2,352 new cases, 75 additional deaths
Posted in:
* This is about as close to a miracle as you’re gonna get. Lots of people worked very hard to get this done. On to the Senate…
* A bit more info…
Breaking: the Illinois House approves a Chicago casino. The measure also includes a sort of 'insurance policy' for the city of Danville to submit a second application if the Gaming Board rejects the initial proposal.
— Mark Maxwell (@MarkMaxwellTV) May 23, 2020
There were so many moving parts to this. The negotiators really did a remarkable job.
…Adding… From the pool report…
Rep. Rob Rita is the sponsor of this casino plan that passed out of the House Executive Committee last night. Floor amendments 5 and 6 were quickly adopted. Amendment six made technical changes to the Danville Casino and Chicago tax rates. Amendment #7 moved out of Rules committee quickly. This would move the application deadline for sports betting licenses back one year (2021). This amendment is also quickly adopted on the floor. Members than pause action for a break and several small groups gathered on the floor. (Rita joined several House Republicans) […]
Amendment #9 was adopted for the casino bill. This moves the deadline for fees from casinos and race tracks to July 2021, instead of this year. Rep. Tim Butler says he appreciates Rita’s hard work on the bill. Rep. Wheeler also thanks all of the staff who worked on the massive gaming bill. Rep. Hoffman recognize the amount of work the General Assembly has put toward gaming bills over the last year. “If you voted for the bill last May, you should be voting for this.” Rep. Moylan asked about revenue sharing in this bill. He says the city of Des Plaines needs some relief. He is mad that isn’t included in the bill. Several other lawmakers thanked Rita for his work with staff on the bill. The House passed SB 516 on a 77-32 vote. The measure now moves to the Senate for approval.
…Adding… A few deets from Ryan Keith…
Chicago Casino:
· Changes the initial 33.3 percent AGR tax to new structure
Reconciliation payment:
· Changes reconciliation payment schedule for casinos from 2 years with interest to 6 years without interest
Moves up new table game tax rate to July 1, 2020, from when the first new casino opens in the original bill
Danville:
· Allows IL Gaming Board to extend the casino application period for six months if a license isn’t granted. [Clarified further in a recent amendment.] Had originally been introduced as SB 3686 by Sen. Scott Bennett
State Fair
· Requires Department of Agriculture to purchase one or more terminal operators to place video gaming terminals at the Illinois and Du Quoin State Fairgrounds.
It also cleaned up/delayed some sports betting deadlines at the request of the Illinois Gaming Board.
posted by Rich Miller
Saturday, May 23, 20 @ 2:18 pm
Sorry, comments are closed at this time.
Previous Post: *** UPDATED x1 *** Sen. Dale Righter cleans up Eastern Bloc member’s mess
Next Post: 2,352 new cases, 75 additional deaths
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
Is this thing actually going to pass??
Comment by Alex Saturday, May 23, 20 @ 2:23 pm
Alex, it sounds like they have the votes in the Senate.
Comment by Rich Miller Saturday, May 23, 20 @ 2:27 pm
Nice! Good for Chicago, the economic engine of Illinois.
Comment by PublicServant Saturday, May 23, 20 @ 2:28 pm
Fantastic news. I was watching this bill as it went from committee to the floor. It just exploded on the scene from last night. Great job.
Comment by Grandson of Man Saturday, May 23, 20 @ 2:31 pm
I never thought it would happen, and it still hasn’t, but it looks a lot closer. To think I may live to see a Cubs World Series Championship and a Chicago casino.
Comment by SSL Saturday, May 23, 20 @ 2:33 pm
@SSL -
For the trifecta - maybe you’ll live to see work on the Byrne Interchange finished.
Comment by JoanP Saturday, May 23, 20 @ 2:37 pm
“· Changes the initial 33.3 percent AGR tax to new structure”
Any info on what this structure is? Or is it TBD?
Comment by Bruce( no not him) Saturday, May 23, 20 @ 3:10 pm
Amazing.
This sort of wildly unexpected outcome is exactly why I don’t bet.
– MrJM
Comment by @misterjayem Saturday, May 23, 20 @ 3:23 pm
Related, sorta:
Does anyone know when they can get going on the other casinos that already passed?
Comment by HelloFriend Saturday, May 23, 20 @ 3:33 pm
Now they just have to make sure they actually build the Casino in an area that will get the maximum traffic of tourists to maximize the revenue for the state and create the most jobs
Comment by Lucky Pierre Saturday, May 23, 20 @ 4:06 pm
Truly a miracle. I thought that ship had sailed for good last year.
Comment by James Saturday, May 23, 20 @ 5:51 pm
Glad this is finally moving forward. There really should only be a casino in Chicago. Chicago is a major international tourist and convention destination. Most of the money lost in the casino will come from them. Most of the money lost in the Danville casino will be from people who live in Danville. Then they’ll need more state assistance.
Comment by filmmaker prof Saturday, May 23, 20 @ 6:23 pm
So first a Casino? What about Video Gaming?
Comment by Al Saturday, May 23, 20 @ 7:21 pm