Latest Post | Last 10 Posts | Archives
Previous Post: “Skillicorn’s hyperbolic hypothetical is a gross over-exaggeration”
Next Post: Route 53 extension battle appears to end after nearly three generations
Posted in:
*** UPDATE *** Good…
UPDATE: The Illinois Gaming Board has awarded a contract to Union Gaming Analytics out of Las Vegas to conduct the "feasibility study" on a #Chicago #CasinoCoin
That's 5 days past deadline but still rapid turnaround for a gov't bid.
Results on Aug. 12 ->https://t.co/tQLzWLg6ST— Amanda Vinicky (@AmandaVinicky) July 12, 2019
* WIFR TV…
As Rockford’s push for a casino continues, at least one proposal appears to be in the works.
On Tuesday, Hard Rock International CEO Jim Allen and Cheap Trick guitarist Rick Nielsen plan to announce the proposed development of Hard Rock Casino in Rockford.
Allen and Nielsen will be at the former Clock Tower Resort at 7801 E. State Street. The announcement is expected around noon.
Nielsen has traveled to Springfield on behalf of his city at least a couple of times. Not sure if many people knew he was hoping to open a casino. But, hey, that looks like a pretty cool combination.
* Meanwhile…
Nevada hopes to be the first state to create its own banking system for the booming marijuana industry, which has generated more than $150 million in tax revenue since 2017, according to Nevada Treasurer Zach Conine’s office.
Since the drug is still illegal under federal law, most banks won’t accept cannabis businesses as clients. As a result, the multimillion-dollar industry is mainly a cash business — at least for now.
Under a three-year pilot program, Nevada will allow marijuana businesses and consumers to deal in electronic tokens. The system will work much the same way as in in casinos, where players buy and bet with chips. “You exchange cash for casino chips and those chips transfer around the casino,” says Conine. “At the end, you convert them back into cash.”
The initial idea is for consumers and businesses to use an app to buy tokens, which could then be used at any marijuana business or for paying state and local government. Consumers could use them at dispensaries. Dispensaries could use those tokens to pay growers, who in turn could use tokens to pay a tax bill to the state. At that point, the state would convert the tokens back into dollars.
Pretty good idea.
* Related…
* Proposed Ban on Video Gambling Licenses Addition in Lake County Unincorporated Areas Fails
* Rivers Continues To Far Outpace Casino Rivals
posted by Rich Miller
Friday, Jul 12, 19 @ 11:42 am
Sorry, comments are closed at this time.
Previous Post: “Skillicorn’s hyperbolic hypothetical is a gross over-exaggeration”
Next Post: Route 53 extension battle appears to end after nearly three generations
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
Surrender, Surrender, but don’t give your whole paycheck away.
Comment by Da Big Bad Wolf Friday, Jul 12, 19 @ 11:54 am
“Surrender… Surrender! But only on a hard 16 with the dealer showing ten…”
Doesn’t have the same ring to it.
Comment by Ron Burgundy Friday, Jul 12, 19 @ 11:54 am
We as a country are still deep in Reefer Madness. As long as McConnell controls the US Senate, legalization probably won’t pass even though legislation exists or is taking shape. The correct way to legalize is nationally, so businesses can use banks without any contrivances.
Comment by Grandson of Man Friday, Jul 12, 19 @ 11:59 am
Cheap Trick seems like a pretty good name for a casino.
Comment by Montrose Friday, Jul 12, 19 @ 12:05 pm
I want you to gamble, I want you to spend…
Comment by Fav Human Friday, Jul 12, 19 @ 12:39 pm
It kind of makes since Nielsen is in Springfield often. Has he been cultivating friendships or just visiting?
Comment by Whizbang Friday, Jul 12, 19 @ 12:54 pm
And the slots can play “Ain’t That A Shame”, when you lose.
Comment by A Jack Friday, Jul 12, 19 @ 12:55 pm
Guy owns a part of Piece in Bucktown, so he has some experience with doing up restaurants
Comment by DIstant watcher Friday, Jul 12, 19 @ 2:09 pm
“I want you, to want (to pay) me”.
Comment by Colin O'Scopy Friday, Jul 12, 19 @ 4:24 pm